800 Rdg Rd Gary, IN 46409-1624
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.
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Royal Care Tire And Automotive Center (Bike/Boat/Book/etc) Store Auto Parts Store
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
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.