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    Property profile & analytics

    800 Ridge Rd Gary, IN 46409

    • Retail space
    • 2,149 SF
    • 0.24 lot acres
    For Sale
    View listing
    $150,000
    Value Estimation
    Last Sale
    Feb 11, 2025
    Location Intelligence
    Property ID
    US31-0416479
    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

    • GILL Food Mart / Convenience Store / Food
    • Royal Care Tire And Automotive Center / Tire Shop

    Property Details for 800 Ridge Rd

    Year built
    1952
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.24 lot acres
    Property size
    2,149 SF
    Property type
    Retail space
    APN
    45-08-27-201-001.000-004
    APU
    450827201001000004

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $350,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $405,000
      Mixed-Use
      $395,000
      Hospitality
      $345,000
      Educational
      $360,000
      Residential Income
      $325,000
      Energy
      $310,000
      Income-Based Land
      $290,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3264
    Latitude
    41.5511
    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
    $2,543
    $18,800
    $50,500
    $69,300
    -
    $18,800
    $50,500
    $69,300

    Comparable in this City

    • Value Estimation by Request
      3,526 SF

      4333 Broadway, Unit 35

      RETAIL STORES (PERSONAL SERVICES) • 3,526 SF
      4333 Broadway, Gary, IN 46409-2121
      View Details
    • Value Estimation
      $280,000
      1,500 SF

      4761 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      4761 Broadway, Gary, IN 46409-2403
      View Details
    • Value Estimation by Request
      12,528 SF

      1437 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,528 SF
      1437 Rdg Rd, Gary, IN 46409-1463
      View Details
    • Value Estimation
      $400,000
      11,438 SF

      1921 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,438 SF
      1921 Rdg Rd, Gary, IN 46409
      View Details
    • Value Estimation
      $220,000
      4,200 SF

      5037 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      5037 Broadway, Gary, IN 46409-2707
      View Details
    • Value Estimation
      $310,000
      2,500 SF

      5115 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      5115 Broadway, Gary, IN 46409-2708
      View Details

    Similar Nearby for Sale

    • $150,000
      0.24 Acres

      Prime Gary, IN Commercial Lot

      High-traffic location, owner financing possible.
      800 Ridge Rd, Gary, IN 46409
      View Details
    • $40,000
      0.07 Acres

      Vacant Lot on Broadway

      Vacant lot in Gary, Indiana with high visibility.
      5117 Broadway, Gary, IN 46409
      View Details
    • $45,000
      0.07 Acres

      Vacant Corner Lot in Gary

      High-visibility corner lot near Indiana University Northwest, ideal for development.
      138 E Ridge Rd, Gary, IN 46409
      View Details
    • $60,000
      0.07 Acres

      Gary Mixed-Use Investment Opportunity

      Two Buildings, Endless Potential, $60,000
      4105 Broadway, Gary, IN 46409
      View Details
    • Contact for pricing
      0.14 Acres

      Vacant Land Ready to Build

      Vacant lot near I-94, I-65, and Toll Road.
      5012 Georgia St, Gary, IN 46409
      View Details
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    800 Ridge Rd
    Gary, IN 46409
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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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