Gary, IN Retail Space for Sale

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Griffith, IN Hammond, IN Highland, IN Hobart, IN East Chicago, IN Schererville, IN Portage, IN Lansing, IL

6 properties

Updated: Mar 5

Merrillville Retail Space For Sale

8205 Broadway, Merrillville, IN 46410

$3,289,000

20,389 sqft

7.50% CAP Rate
20,389 SqFt Retail Space
Built in 2007
Retail Property

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This listing looks promising.

Here's a quick look at some key insights for

8205 Broadway, Merrillville, IN 46410

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Est. Cap Rate

6%
Above avg (5.9%)
Est. NOI

$196K
Annual
Mortgage

$8.32M
Recorded
Property Type

Retail Stores
Built 2007

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Updated: Apr 20

Historic Retail and Service Building

4007 Broadway, Gary, IN 46409

$175,000

2,160 sqft 0.17 AC lot

1927‑era commercial building at 4007 Broadway in Gary’s Glen Park neighborhood
Zoned commercial; suited for continued service use, retail, or office conversions
Public utilities: public water and public sewer
Interior features include an entrance foyer and high ceilings
Heating system: natural gas, central, forced air

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Retail Parcel in TOD Zone

614 S Lake Street, Gary, IN 46403

$263,000

5,600 sqft 0.07 AC lot

For-sale retail parcel with an existing 5,600 SF building on a 0.074-acre lot in the TOD zone.

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Commercial Space Near Miller Beach

912-18 Aetna Street, Gary, IN 46403

$50,000

2,003 sqft 0.09 AC lot

Affordable commercial space near Miller Beach and South Shore station.

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Retail/Office Space with Renovation Needs

508 S Lake Street, Gary, IN 46403

$89,900

720 sqft 0.06 AC lot

Compact retail/office property for sale, offered at a price reflecting needed updates and customization flexibility.

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Retail Space in Merrillville

700 East 81st Avenue, Merrillville, IN 46410

$1,290,000

Retail space available for sale in Merrillville, Indiana.

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Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 6 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Schererville Land on US 30

6340-6363 W Lincoln Highway, Schererville, IN 46375

$310,000

142,006 sqft 3.26 AC lot

3.26 acre commercial vacant land on US 30 for sale.

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Versatile Mixed-Use Property with Residence

3447 45th Street, Highland, IN 46322

$684,999

5,374 sqft

Mixed-use property featuring commercial space, residence, and liquor license.

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Mixed-Use Investment Property

2910 Highway Ave, Highland, IN

$820,000

8,280 sqft 0.38 AC lot

Six-unit mixed-use property in Downtown Highland for sale.

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Schererville Retail Build-to-Suit Opportunity

1902-1908 US Highway 41, Schererville, IN 46375

Contact for pricing

Free-standing retail build to suit with drive-thru in Schererville.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime PUD-Zoned Land Opportunity

3229 State Road 207, Elkton, FL 32033

$1,599,000

900 sqft 2.07 AC lot

2.07 acres of PUD-zoned land in a growing corridor.

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Off-Market Properties in Gary, IN

Consider similar Off-Market properties in Gary, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RETAIL STORES (PERSONAL SERVICES)

1140 81st Ave, Merrillville, IN 46410-5312

$525,000

Estimated value

6,100 sqft 3.85 AC lot

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RETAIL STORES (PERSONAL SERVICES)

257 80th Pl, Merrillville, IN 46410-5431

Value Estimation by Request

7,200 sqft 2.75 AC lot

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RETAIL STORES (PERSONAL SERVICES)

265 80th Pl, Merrillville, IN 46410-5431

Value Estimation by Request

7,200 sqft 2.75 AC lot

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RETAIL STORES (PERSONAL SERVICES)

7530 Broadway, Merrillville, IN 46410-4720

Value Estimation by Request

2,364 sqft 0.19 AC lot

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RETAIL STORES (PERSONAL SERVICES)

1022 21st Ave, Gary, IN 46407-2815

Value Estimation by Request

1,421 sqft 0.39 AC lot

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RETAIL STORES (PERSONAL SERVICES)

3500 Ripley St, Lake Station, IN 46405

Value Estimation by Request

0.08 AC lot

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RETAIL STORES (PERSONAL SERVICES)

2400 Blvd Ripley St, Lake Station, IN 46405

Value Estimation by Request

0.07 AC lot

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RETAIL STORES (PERSONAL SERVICES)

2400 Blvd Ripley St, Lake Station, IN 46405

Value Estimation by Request

0.07 AC lot

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RETAIL STORES (PERSONAL SERVICES)

3550 Lincoln Hwy, Merrillville, IN 46410-5830

$2,340,000

Estimated value

29,930 sqft 4.75 AC lot

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RETAIL STORES (PERSONAL SERVICES)

5105 5th Ave, Gary, IN 46406

Value Estimation by Request

5,940 sqft 0.23 AC lot

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RETAIL STORES (PERSONAL SERVICES)

4913 Broadway, Gary, IN 46409-2706

Unit 15

$505,000

Estimated value

5,350 sqft 0.13 AC lot

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RETAIL STORES (PERSONAL SERVICES)

801 Central Ave, Lake Station, IN 46405-1500

Value Estimation by Request

0.08 AC lot

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RETAIL STORES (PERSONAL SERVICES)

801 Central Ave, Lake Station, IN 46405-1500

Value Estimation by Request

9,988 sqft 0.10 AC lot

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RETAIL STORES (PERSONAL SERVICES)

71 Lincoln Hwy, Merrillville, IN 46410

Value Estimation by Request

2,866 sqft 1.17 AC lot

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RETAIL STORES (PERSONAL SERVICES)

8180 Mississippi St, Merrillville, IN 46410-6326

$540,000

Estimated value

5,224 sqft 1.13 AC lot

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RETAIL STORES (PERSONAL SERVICES)

3988 Broadway, Gary, IN 46408-2705

Unit 90

Value Estimation by Request

4,900 sqft 0.06 AC lot

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RETAIL STORES (PERSONAL SERVICES)

4020 Georgia St, Gary, IN 46409-1836

Value Estimation by Request

5,600 sqft 0.21 AC lot

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RETAIL STORES (PERSONAL SERVICES)

2510 Rdg Rd, Gary, IN 46408-2064

Value Estimation by Request

1,325 sqft 0.07 AC lot

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Gary, IN Retail Space Market Trends and Statistics

Explore 72 retail space for sale in Gary, IN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 32,472 square feet of properties for sale, with an estimated market value of $4,078,900.

Sale prices for retail space in Gary, IN start at $50,000, averaging $1,019,725, and reaching up to $3,289,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 124K

Population Growth (5Y) -7.7%

Median Household Income $47,747

College Educated 15.8%

High-Yield Neighborhoods for Investment

Identify Gary submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46403	$70K
46408	$125K
46404	$650K

Taxes & Financing

Tax Rate (average for all types) 7.93%

Property Tax per SF $79.79 per SF

Tax Rate vs County Average 6.93 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Lake County

Retail

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Gary, IN Retail Space for Sale

8205 Broadway, Merrillville, IN 46410

4007 Broadway, Gary, IN 46409

614 S Lake Street, Gary, IN 46403

912-18 Aetna Street, Gary, IN 46403

508 S Lake Street, Gary, IN 46403

700 East 81st Avenue, Merrillville, IN 46410

Opportunities in Nearby Cities

6340-6363 W Lincoln Highway, Schererville, IN 46375

3447 45th Street, Highland, IN 46322

2910 Highway Ave, Highland, IN

1902-1908 US Highway 41, Schererville, IN 46375

Potential Development Sites for Consideration

3229 State Road 207, Elkton, FL 32033

Off-Market Properties in Gary, IN

1140 81st Ave, Merrillville, IN 46410-5312

257 80th Pl, Merrillville, IN 46410-5431

265 80th Pl, Merrillville, IN 46410-5431

7530 Broadway, Merrillville, IN 46410-4720

1022 21st Ave, Gary, IN 46407-2815

3500 Ripley St, Lake Station, IN 46405

2400 Blvd Ripley St, Lake Station, IN 46405

2400 Blvd Ripley St, Lake Station, IN 46405

3550 Lincoln Hwy, Merrillville, IN 46410-5830

5105 5th Ave, Gary, IN 46406

4913 Broadway, Gary, IN 46409-2706

801 Central Ave, Lake Station, IN 46405-1500

801 Central Ave, Lake Station, IN 46405-1500

71 Lincoln Hwy, Merrillville, IN 46410

8180 Mississippi St, Merrillville, IN 46410-6326

3988 Broadway, Gary, IN 46408-2705

4020 Georgia St, Gary, IN 46409-1836

2510 Rdg Rd, Gary, IN 46408-2064

Gary, IN Retail Space Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

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