5490 W Ridge Road Gary, IN ^$ 274,000

5490 W Ridge Road

^$ 274,000

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5490 W Ridge Road

Gary, IN, 46408

^$ 274,000

Bedrooms-- Baths-- Sq 2,000

Monthly Estimate*

^$ 1,687

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5490 W Ridge Road, Gary, IN 46408 - Image 9

Commercial Property for sale in Gary, IN

for $274,000. This 2,000 square foot building was built in 1957 on a lot size of 0.268.

Great investment property in highly desirable high traffic area! One of the two units are used to be a restaurant with large size hood. Plenty of parking spots on the side of the building.

Commercial Active

Price

^$ 274,000

Property Type

Commercial

Taxes

^$ 2,124

Style

Business

Lot Size

0.268

Year Built

1957

Town/City

Gary

County/Region

Lake

MLS | Web ID

821421

Features

General

Sewer Public Sewer

Heating Central Natural Gas

Utilities Cable Connected Water Connected Sewer Connected Natural Gas Connected Electricity Connected

Year Built 1957

Electric 200+ Amp Service Circuit Breakers

View Neighborhood

Township Calumet

Property Subtype Business

Tax Year 2024

County Lake

Property Type Commercial Sale

Subdivision Name Nelson Add

Building Features Mixed Use

Status Active

Directions From Cline Avenue turn right to 5490 Ridge Road.

City Gary

Lot Size Square Feet 11674

Listing Terms Cash VA Loan Conventional

Tax Annual Amount 2124

Standard Status Active

Legal Description NELSON ADD. S.82FT. OF LOT 15 & S'LY 82FT LOT 16

Exterior

Exterior Amenities Lighting

Lot Features Corner Lot Near Public Transit

Water Source Public

Total Parking 15

Lot Size Acres 0.268

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Ahmed Hjayyer

Listing Agent

21 Century Realty Group

Broker

ahmed.hjayyer@gmail.com

Affordability Calculator

$1,864

Per Month

Monthly Principal & Interest: $1,687
Monthly Property Taxes: $177
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Gary, IN

Average List Price ^$279,355

Percent of Sale Price 2%

About Gary, IN

71,243 Population

-31% Since 2002

^$29,286 Median Income

37.13 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/19/2026	$274,000	-2.11%	Price Down
7/7/2025	$279,900	-6.70%	Price Down
5/27/2025	$300,000		Listed Price

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5490 W Ridge Road, Gary, IN, 46408 is a Commercial Property for sale at $274,000 with 2,000 sqft and a lot size of 0.268. 5490 W Ridge Road was built in 1957. The property's zip code is 46408 which is in Gary, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/22/2026.

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5490 W Ridge Road

Commercial Property for sale in Gary, IN

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