5125 Georgia Street Gary, IN ^$ 2,900,000

5125 Georgia Street

^$ 2,900,000

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Recently Listed

5125 Georgia Street

Gary, IN, 46409

^$ 2,900,000

Bedrooms-- Baths-- Sq 30,045

Monthly Estimate*

^$ 17,856

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Commercial Property for sale in Gary, IN

for $2,900,000. This 30,045 square foot building was built in 1966 on a lot size of 0.824.

Fully renovated 30-unit multifamily property at 5125 Georgia in Gary, Indiana, offered at 2,900,000. Each unit features modern updates, individual appliances, washer/dryer hookups, and separate furnaces, minimizing owner expenses and maximizing tenant appeal. Ideal for investors seeking a stabilized asset with strong cash flow and upside through rent growth. Rare turnkey opportunity of this size and condition.

Commercial Active

Price

^$ 2,900,000

Property Type

Commercial

Taxes

^$ 27,855

Style

Multi Family

Lot Size

0.824

Year Built

1966

Town/City

Gary

County/Region

Lake

MLS | Web ID

837077

Features

General

Sewer Public Sewer

Heating Forced Air

Utilities None

Year Built 1966

Electric 200+ Amp Service

Township Calumet

Property Subtype Multi Family

Tax Year 2026

County Lake

Property Type Commercial Sale

Subdivision Name Gerritt Add

Building Features Enclosed Stair(s) Exterior Lighting

Status Active

Directions Broadway to 47th to MLK

City Gary

Lot Size Square Feet 35893

Listing Terms Cash VA Loan FHA Conventional

Tax Annual Amount 27855

Standard Status Active

Legal Description GERRIT ADDITION ALL LOTS 24 TO 28

Exterior

Parking Features Additional Parking

Water Source Public

Total Parking 0

Lot Size Acres 0.824

Lot Size Source Assessor

Waterfront Y/N N

Interior

Laundry Features Electric Dryer Hookup Washer Hookup

* Excluded Features

List By

Christina Lee

Listing Agent

The Lyons Group Real Estate

Broker

Christina@thelyonsgroup.com

Affordability Calculator

$20,177

Per Month

Monthly Principal & Interest: $17,856
Monthly Property Taxes: $2,321
Monthly Home Insurance: --

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Loan Term

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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 ^$322,661

Percent of Sale Price 89%

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
4/15/2026	$2,900,000		Listed Price

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5125 Georgia Street, Gary, IN, 46409 is a Commercial Property for sale at $2,900,000 with 30,045 sqft and a lot size of 0.824. 5125 Georgia Street was built in 1966. The property's zip code is 46409 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 4/15/2026.

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5125 Georgia Street

Commercial Property for sale in Gary, IN

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