5007 W 5th Avenue Gary, IN ^$ 125,000

5007 W 5th Avenue

^$ 125,000

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5007 W 5th Avenue

Gary, IN, 46406

^$ 125,000

Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

^$ 780

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Commercial Property for sale in Gary, IN

for $125,000. This 5,000 square foot building was built in 1956 on a lot size of 0.076.

Attention Entrepreneurs: The building is sold as is! Don't let this remarkable opportunity slip through your fingers! Step into a space meticulously crafted to propel your success and ensure your utmost comfort. Rest assured, your safety and security are our top priorities, with a comprehensive security system in place to provide peace of mind for both you and your valued clients. And that's not all - downstairs, indulge in the convenience of a fully-furnished basement boasting a bathroom, break room, and studio space, all tailored to meet your professional needs. Join us and unlock the potential of your entrepreneurial journey! Studio Equipment included in full asking price!

Commercial Active

Price

^$ 125,000

Property Type

Commercial

Taxes

^$ 1,148

Style

Mixed Use

Lot Size

0.076

Year Built

1956

Town/City

Gary

County/Region

Lake

MLS | Web ID

821621

Features

General

Sewer Public Sewer

Heating Forced Air

Utilities Cable Available Water Connected Natural Gas Connected Natural Gas Available Electricity Connected

Appliances Other

Security Features Other

Year Built 1956

Electric 200+ Amp Service

Township Calumet

Property Subtype Mixed Use

Tax Year 2023

County Lake

Property Type Commercial Sale

Subdivision Name New Brunswick Add

Building Features Business District Location Multi Tenant Private Restrooms Exterior Lighting

Status Active

Directions 5th Ave Clark Road to Fifth Ave West to Property

City Gary

Lot Size Square Feet 3311

Listing Terms Cash Conventional

Tax Annual Amount 1148

Standard Status Active

Legal Description NEW BRUNSWICK ADD. L.2 BL.5 N. 12FT. IN U.S.20

Assoc/CIC None

Exterior

Exterior Amenities Other

Parking Features Additional Parking None

Lot Features Corner Lot

Water Source Public

Total Parking 0

Lot Size Acres 0.076

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Binika Henderson

Listing Agent

Heritage Real Estate Services,

Broker

realestatebybinika@gmail.com

Affordability Calculator

$876

Per Month

Monthly Principal & Interest: $780
Monthly Property Taxes: $96
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 6.375% 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 ^$299,313

Percent of Sale Price 139%

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
8/25/2025	$125,000	-16.67%	Price Down
5/29/2025	$150,000		Listed Price

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5007 W 5th Avenue, Gary, IN, 46406 is a Commercial Property for sale at $125,000 with 5,000 sqft and a lot size of 0.076. 5007 W 5th Avenue was built in 1956. The property's zip code is 46406 which is in Gary, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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 12/13/2025.

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5007 W 5th Avenue

Commercial Property for sale in Gary, IN

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