6515 Melton Rd Gary, IN 46403-3012
This exceptional 6,750-square-foot industrial property, situated on 1.63 acres in Northwest Indiana, presents a unique investment opportunity. Previously utilized as a school bus dispatch and maintenance facility, the building boasts a versatile layout ideal for a variety of uses. The space includes two repair bays, one equipped with a 14' x 14' overhead door and an overhead crane, perfect for equipment maintenance or storage. A well-appointed office area features four private offices and a lunchroom, complemented by a full upstairs conference or training room. The high ceilings, measuring 18 feet, provide ample vertical space. The property benefits from excellent accessibility, with convenient access to major expressways including I-65, I-90, I-80, and I-94. The expansive 1.63-acre lot provides ample outdoor space, and offers the potential for expansion by combining with the adjacent property at 6401 Melton Road, increasing the total land area to 5.25 acres and adding four more service bays. This property is ideally suited for trucking operations, equipment rental or storage/repair businesses, contractors, or any enterprise requiring office space and maintenance bays with substantial outdoor storage capabilities. The building is currently vacant and available for immediate occupancy. The property underwent renovations in 2020.
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Illinois central school bus Freight Service Logistics Company
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System Transport Trucking Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.