8000 Melton Rd Gary, IN 46403-3114
Property Lookup
Property profile & analytics
8000 Melton Rd Gary, IN 46403-3114
- Commercial real estate
- 80,000 SF
Property ID
US31-0896121
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.
Location Intelligence
Current Use by Public Records
- City Sports / (Bike/Boat/Book/etc) Store
- Kj Sound / Electronics & Wireless Store / Auto Parts Store
- Second Chance Appliance & Discount Furniture / Home Appliance Store / Hardware & Home Improvement
- Miller Flea Market / (Bike/Boat/Book/etc) Store
- Just Us Girls Spa Party Palace / Event Planning
Property Details for 8000 Melton Rd
- Year built
- 1970
- Construction
- WOOD
- Property size
- 80,000 SF
- Property type
- Commercial real estate
- APN
- 45-09-04-300-901.000-004
- APU
- 450904300901000004
Description
This exceptional mixed-use property, located at 8000 E Melton Rd, Gary, IN 46403, presents a compelling investment opportunity. The 80,000 square foot building, constructed in 1970, sits on a substantial 5.76-acre lot (250,905 sq ft) and boasts flexible B5-1 zoning, making it suitable for a variety of uses. Currently housing a successful indoor discount mall (Second Chance Appliance & Discount Furniture), the property offers immediate income potential. The expansive lot provides ample space for expansion, while the high clear ceilings and 70 parking spaces, along with outdoor storage, cater to diverse operational needs. Its prime location offers convenient expressway access, enhancing its logistical advantages. The asking price is $1,500,000, representing a strong value proposition in Gary's developing market. This single-story building presents a unique chance to capitalize on its existing income stream and explore future development possibilities within a versatile zoning framework. The property's size, location, and zoning flexibility make it an ideal candidate for businesses requiring significant space, ample parking, and convenient access to major transportation routes. The existing tenant provides a stable income base, while the large lot size allows for future expansion or redevelopment. This is a rare opportunity to acquire a substantial property in a growing market at an attractive price point. The APN is 45-09-04-300-901.000-004.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,517,000
Market price range: $2.52M - $9.04M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gary
- County
- Lake
- State
- Indiana
- Longitude
- -87.2392
- Latitude
- 41.5958
- 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
$18,455
$0.00
$332,200
$332,200
-
$0.00
$332,200
$332,200
