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    Property profile & analytics

    700 5th Ave, Unit 22 Gary, IN 46402-1808

    • Medical offices
    • 6,048 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 15, 2021
    Location Intelligence
    Property ID
    US31-0851934
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 700 5th Ave

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property size
    6,048 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    45-08-04-255-016.000-004
    APU
    450804255016000004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3464
    Latitude
    41.6023
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $8,037
    $13,700
    $55,800
    $69,500
    -
    $13,700
    $55,800
    $69,500

    Comparable in this City

    • Value Estimation by Request
      83,285 SF

      550 Fillmore St

      MEDICAL BUILDING • 83,285 SF
      550 Fillmore St, Gary, IN 46402
      View Details
    • Value Estimation
      $390,000
      8,032 SF

      1100 5th Ave

      MEDICAL BUILDING • 8,032 SF
      1100 5th Ave, Gary, IN 46402
      View Details
    • Value Estimation
      $325,000
      6,250 SF

      701 5th Ave, Unit 7

      MEDICAL BUILDING • 6,250 SF
      701 5th Ave, Gary, IN 46402-1807
      View Details
    • Value Estimation by Request
      31,440 SF

      1021 5th Ave

      MEDICAL BUILDING • 31,440 SF
      1021 5th Ave, Gary, IN 46402-1703
      View Details
    • Value Estimation by Request
      16,128 SF

      1145 5th Ave

      MEDICAL BUILDING • 16,128 SF
      1145 5th Ave, Gary, IN 46402-1704
      View Details
    • Value Estimation
      $900,000
      48,317 SF

      301 Tyler St

      HOMES (RETIRED, NURSING) • 48,317 SF
      301 Tyler St, Gary, IN 46402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,814 SF

      Freestanding Office Building in Merrillville

      Turnkey office building near I-65 and US 30.
      8401 Ohio St, Merrillville, IN 46402
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    • $75,000
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      Duplex with Rental Potential

      Duplex in Gary, Indiana with newer roof and furnace.
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      Prime development opportunity near planned South Shore Line revitalization.
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      Gary Duplex: Investor Opportunity

      Two-unit building with rehab potential in Gary, Indiana.
      1072 Van Buren St, Gary, IN 46402
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    • $275,000

      Land For Sale

      Land available for sale in Merrillville, Indiana.
      Broadway, Merrillville, IN 46402
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      1,109 SF

      Merrillville Office Space Available

      1,109 SF office space for lease in Merrillville, Indiana.
      8941 Broadway, Merrillville, IN 46402
      View Details
    • $6 SF/Yr
      60,000 SF

      Retail Space in Vibrant Corridor

      Retail space with high-traffic co-tenants and convenient highway access.
      6110 Broadway, Merrillville, IN 46402
      View Details
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    700 5th Ave, Unit 22
    Gary, IN 46402-1808
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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