2315 Industrial Boulevard Gary, IN $ 499,900
2315 Industrial Boulevard
$ 499,900
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2315 Industrial Boulevard

Gary, IN, 46407
$ 499,900
Bedrooms-- Baths-- Sq 6,457

Monthly Estimate*

$ 3,078

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Commercial Property for sale in Gary, IN

for $499,900. This 6,457 square foot building was built in 1947 on a lot size of 0.215.

Exceptional 6-Unit Investment Opportunity with Major Upside! Rare chance to acquire a high-potential multifamily asset featuring 2 buildings on one lot in a prime location near major expressways and commuter routes. The main 2-story building offers 5 apartment units that are 989 sqft each. The 1st and 2nd floor apartments boast 10' ceilings and each feature a spacious living room and kitchen, 2 bedrooms and 1 bathroom. The basement level features a newly renovated 3 bedroom, 1 bath apartment and a utility room. The 6th unit is a detached single-family home with value-add potential that can be rehabbed or demolished to maximize the site's future use. This property is zoned for up to 9 units, creating a tremendous opportunity for investors, developers, or owner-operators looking to expand cash flow and increase long-term value. The 5-unit building has seen numerous updates, including renovated units and updated HVAC systems, offering a strong foundation for immediate income production. All units are currently vacant, allowing flexibility for the next owner, but units are expected to be leased during the sale process, making this an ideal opportunity to secure a property with both stabilization potential and future development upside. With multiple income streams, strong location appeal, and significant room for increased returns, this is a rare value-add asset with huge income potential. Don't miss this exceptional opportunity to own a multifamily property with redevelopment possibilities and serious upside! This property is being sold as-is. The seller will not make any repairs.

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Commercial Active

Price

$ 499,900

Property Type

Commercial

Taxes

$ 2,859

Style

Multi Family

Lot Size

0.215

Year Built

1947

Town/City

Gary

County/Region

Lake

MLS | Web ID

836660

Features
Interior
Interior Amenities Ceiling Fan(s) Open Floorplan
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General
Sewer Public Sewer
Heating Forced Air
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Year Built 1947
Electric 100 Amp Service
View Neighborhood
Township Calumet
Property Subtype Multi Family
Tax Year 2024
County Lake
Property Type Commercial Sale
Subdivision Name Diamond Park Sub
Building Features Exterior Lighting
Status Active
Directions Head toward 6th Ave Turn left onto E 11th Ave Turn right onto Virginia St Turn left onto Industrial Blvd
City Gary
Lot Size Square Feet 9365
Listing Terms Cash Conventional
Tax Annual Amount 2859
Standard Status Active
Legal Description DIAMOND PARK SUB BLK 2 LOT 7 8 9
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Exterior
Parking Features On Street
Lot Features Back Yard Rectangular Lot Front Yard
Water Source Public
Total Parking 5
Lot Size Acres 0.215
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Lakia Hasenjaeger

Listing Agent

The Jaeger Group, Llc

Broker

thejaegergrp@gmail.com

Email

Affordability Calculator

$3,316
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,078
Monthly Property Taxes
$238
Monthly 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
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/7/2026$499,900 Listed Price

Map


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2315 Industrial Boulevard, Gary, IN, 46407 is a Commercial Property for sale at $499,900 with 6,457 sqft and a lot size of 0.215. 2315 Industrial Boulevard was built in 1947. The property's zip code is 46407 which is in Gary, IN