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Property profile & analytics
OFF-MARKET
Retail space

800 Rdg Rd Gary, IN 46409-1624

2,149 SF 0.24 ac lot Built 1952
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-0416479
Property summary
AI-generated overview

This exceptional 0.24-acre commercial lot, located at 800 E Ridge Road in Gary, Indiana, presents a unique investment opportunity. Priced at $150,000, the property boasts a highly desirable location with easy access from two streets and proximity to an expressway, ensuring excellent visibility and convenient access for potential customers. The strategic placement within a mixed-use area, surrounded by both commercial and residential properties, guarantees a substantial pool of potential clientele. Currently vacant, the property offers immediate occupancy for a new owner, allowing for a seamless transition and swift commencement of operations. The building itself features a newer rubber roof, a significant advantage for long-term cost savings and maintenance. The presence of a nearby traffic light further enhances visibility, ensuring that passing traffic is consistently exposed to this prime commercial location. The seller is open to considering a land contract or owner financing arrangement with acceptable terms, making this an even more attractive proposition for prospective buyers. This property is ideal for a wide range of commercial ventures, capitalizing on its strategic location and high traffic flow. Don't miss this chance to secure a thriving commercial space in a dynamic Gary, Indiana neighborhood.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Construction TYPE NOT SPECIFIED
Total area 2,149 SF
Lot 0.24 ac (10,411 SF)
APN 45-08-27-201-001.000-004
UPID US31-0416479
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • GILL Food Mart Grocery & Convenience Store
  • Royal Care Tire And Automotive Center (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lamar Advantage Gp Company LLC · 1 yrs held
Lamar Advantage Gp Company LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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