5004 Broadway Gary, IN ^$ 250,000

5004 Broadway

^$ 250,000

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5004 Broadway

Gary, IN, 46408

^$ 250,000

Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

^$ 1,560

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Commercial Property for sale in Gary, IN

for $250,000. This 5,000 square foot building was built in 1962 on a lot size of 0.122.

Here is a chance to own a fully renovated commercial building on the busiest street in Gary. It comes with the 3 way alcohol license, catering license, and gaming license. There is a full unfinished basement with 2 new sump pumps, 2 new Goodman furnaces, and a brand new drain tile system. Bring your vision to this building to help the city continue to grow.

Commercial Active

Price

^$ 250,000

Property Type

Commercial

Taxes

^$ 8,572

Style

Mixed Use

Lot Size

0.122

Year Built

1962

Town/City

Gary

County/Region

Lake

MLS | Web ID

827226

Features

General

Sewer Public Sewer

Heating Hot Water

Utilities Natural Gas Connected Sewer Connected Water Connected Other

Appliances Built-In Gas Range Range Stainless Steel Appliance(s) Refrigerator Microwave Gas Cooktop

Year Built 1962

Electric Other

Township Calumet

Property Subtype Mixed Use

Tax Year 2023

County Lake

Property Type Commercial Sale

Subdivision Name Junedale Sub

Building Features Mixed Use Patio

Status Active

Directions Head North on Broadway from Merrillville and building will be on left side of street.

City Gary

Lot Size Square Feet 5314

Listing Terms Cash Other Conventional

Tax Annual Amount 8572

Standard Status Active

Legal Description JUNEDALE SUB. L.38 BL.24 L.39 BL.24

Exterior

Exterior Amenities Other

Parking Features On Street

Water Source Public

Total Parking 7

Lot Size Acres 0.122

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Terry Taylor

Listing Agent

Realty Executives Premier

Broker

terry@thenicklagroup.com

Affordability Calculator

$2,274

Per Month

Monthly Principal & Interest: $1,560
Monthly Property Taxes: $714
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 20%

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
10/9/2025	$250,000	-16.64%	Price Down
9/5/2025	$299,900		Listed Price

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5004 Broadway, Gary, IN, 46408 is a Commercial Property for sale at $250,000 with 5,000 sqft and a lot size of 0.122. 5004 Broadway was built in 1962. 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 6.375% 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 12/14/2025.

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5004 Broadway

Commercial Property for sale in Gary, IN

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