5425 Melton Road Gary, IN ^$ 80,000

5425 Melton Road

^$ 80,000

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Recently Listed

5425 Melton Road

Gary, IN, 46403

^$ 80,000

Bedrooms-- Baths-- Sq 936

Monthly Estimate*

^$ 493

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Commercial Property for sale in Gary, IN

for $80,000. This 936 square foot building was built in 1929 on a lot size of 0.1089.

Welcome to 5425 Melton Road, a versatile mixed-use property offering both commercial and residential opportunities in one convenient location. This well-maintained building provides excellent potential for investors or owner-occupants looking to generate additional income. The commercial space offers great visibility and accessibility, making it ideal for a variety of business uses such as retail, office, or service-based operations. With a functional layout and ample space, it's ready to support your business needs. Whether you're expanding your investment portfolio or looking for a live/work opportunity, 5425 Melton Road presents a unique and valuable opportunity. Schedule your showing today!

Commercial Active

Price

^$ 80,000

Property Type

Commercial

Taxes

^$ 1,556

Style

Mixed Use

Lot Size

0.1089

Year Built

1929

Town/City

Gary

County/Region

Lake

MLS | Web ID

836030

Features

General

Sewer Public Sewer

Heating Forced Air

Utilities Electricity Available Water Available

Year Built 1929

Electric 100 Amp Service

Township Calumet

Property Subtype Mixed Use

Tax Year 2024

County Lake

Property Type Commercial Sale

Building Features Mixed Use

Status Active

Directions From Portage IN head west on Melton Rd (US-20). Continue to 5425 Melton Rd. Property will be on the right.

City Gary

Lot Size Square Feet 4743.68

Listing Terms Lease Purchase

Tax Annual Amount 1556.54

Standard Status Active

Legal Description RESUB. BLKS 3 7 8 INDIAN HILLS ADD. EX. S.4FT. L.1 BL.7 & EX. N.10FT. L.1 BL.7

Exterior

Parking Features Driveway

Water Source Public

Total Parking 2

Lot Size Acres 0.1089

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Armond Boulware

Listing Agent

Coldwell Banker Realty

Broker

armond.boulware@cbexchange.com

Affordability Calculator

$622

Per Month

Monthly Principal & Interest: $493
Monthly Property Taxes: $130
Monthly Home Insurance: --

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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 ^$275,629

Percent of Sale Price 245%

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
3/25/2026	$80,000		Listed Price

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5425 Melton Road, Gary, IN, 46403 is a Commercial Property for sale at $80,000 with 936 sqft and a lot size of 0.1089. 5425 Melton Road was built in 1929. The property's zip code is 46403 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 3/26/2026.

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5425 Melton Road

Commercial Property for sale in Gary, IN

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