4007 Broadway Gary, IN $ 175,000
4007 Broadway
$ 175,000
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4007 Broadway

Gary, IN, 46409
$ 175,000
Bedrooms-- Baths-- Sq 2,160

Monthly Estimate*

$ 1,209

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Commercial Property for sale in Gary, IN

for $175,000. This 2,160 square foot building was built in 1927 on a lot size of 0.169.

Seize the chance to acquire a cash-flowing landmark location in Gary's historic Glen Park neighborhood. Located at 4007 Broadway, this 1920s-era commercial building offers a stabilized addition to your portfolio, currently operated as a tenant-occupied Leased property. Long known as the home of "Ace Cleaners and Tailors," this location has been a staple of the community for generations and features a reliable, established tenant in place. With over 7,300 square feet of lot space and a building that exudes the architectural charm of 1927, this site offers an investor minimal landlord responsibilities under the leased structure. Situated on the bustling Broadway artery, the property ensures constant high visibility and long-term real estate value. A true Community Anchor: located just minutes from Indiana University Northwest, local schools, and major transit routes. Perfect for passive investors or 1031-exchange buyers looking for stable commercial frontage just south of the I-80/94 interchange. Zoned Commercial. Buyer to verify current lease terms, options, and rental income.

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Commercial Active

Price

$ 175,000

Property Type

Commercial

Taxes

$ 2,000

Style

Business

Lot Size

0.169

Year Built

1927

Town/City

Gary

County/Region

Lake

MLS | Web ID

837489

Features
Interior
Interior Amenities Entrance Foyer High Ceilings
Laundry Features Electric Dryer Hookup Washer Hookup Main Level Gas Dryer Hookup
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General
Sewer Public Sewer
Heating Central Natural Gas Forced Air
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Dryer Washer Other
Security Features Security System
Year Built 1927
Electric 200+ Amp Service
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Township Calumet
Property Subtype Business
Tax Year 2024
Accessibility Accessible Doors
County Lake
Property Type Commercial Sale
Subdivision Name Earles 03 Glen Park Add
Building Features High Speed Internet Avail Business District Location Private Restrooms
Status Active
Directions From 80 / 90 exit onto Broadway Ave ( RT 53) and proceed South. Proceed to West 40th Ave. Building is located on the South East Corner of that intersection. Parking is located in the front.
City Gary
High School District Gary
Lot Size Square Feet 7362
Listing Terms Cash Other Conventional
Tax Annual Amount 2000
Standard Status Active
Legal Description EARLES 3RD GLEN PARK ADD. ALL LOTS 1 & 2 BL.24
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Exterior
Parking Features Off Street Paved Asphalt
Lot Features Corner Lot Near Public Transit Paved
Water Source Public
Total Parking 8
Lot Size Acres 0.169
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Alan Harrell

Listing Agent

Mccolly Real Estate

Broker

alan.harrell@mccolly.com

Email

Affordability Calculator

$1,375
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,209
Monthly Property Taxes
$167
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4001616 Elementary School
4001695 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2026$175,000 -30.00% Price Down
4/21/2026$250,000 Listed Price

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4007 Broadway, Gary, IN, 46409 is a Commercial Property for sale at $175,000 with 2,160 sqft and a lot size of 0.169. 4007 Broadway was built in 1927. The property's zip code is 46409 which is in Gary, IN