Property summary
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
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store
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(Bike/Boat/Book/etc) Store Auto Parts Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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