1514 W 5th Avenue Gary, IN ^$ 620,000

1514 W 5th Avenue

^$ 620,000

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Recently Listed

1514 W 5th Avenue

Gary, IN, 46402

^$ 620,000

Bedrooms-- Baths-- Sq 8,516

Monthly Estimate*

^$ 4,282

1514 W 5th Avenue, Gary, IN 46402 - Image 1

Commercial Property for sale in Gary, IN

for $620,000. This 8,516 square foot building was built in 1926 on a lot size of 0.109.

All brick 3 story 7 Unit Building. Majority of the units renovated. On Street and Off Street parking. Close to shopping, public transit. Each unit has separate utilities and there is a 75 mo add on to the rent for sewer and water. All information is deemed to be from reliable sources however is not guaranteed. Purchasers and Buyer Broker Agents should verify any information for themselves.

Commercial Active

Price

^$ 620,000

Property Type

Commercial

Taxes

^$ 3,687

Style

Multi Family

Lot Size

0.109

Year Built

1926

Town/City

Gary

County/Region

Lake

MLS | Web ID

847157

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Utilities Cable Available Water Connected Sewer Connected Natural Gas Connected Electricity Connected

Appliances Other

Security Features Smoke Detector(s)

Year Built 1926

Electric 100 Amp Service

View City

Township Calumet

Property Subtype Multi Family

Tax Year 2024

Gross Income 85200

County Lake

Net Operating Income 51360

Insurance Expense 3654

Property Type Commercial Sale

Subdivision Name Gary Land Cos 3rd Sub

Building Features Multi Tenant

Status Active

Directions Take 12/20 -5th Avenue West of Cline to Property which is on the North side of 5th just East of Grant St/Richard Hatcher Dr

City Gary

High School District Gary

Zoning Description Other

Lot Size Square Feet 4748

Listing Terms Cash Conventional

Tax Annual Amount 3687

Standard Status Active

Taxes 3451

Legal Description RESUB. GARY LAND CO'S 3RD SUB. ALL L.4 BL.13

Assoc/CIC None

Exterior

Exterior Amenities None

Parking Features Off Street Additional Parking On Street

Lot Features Rectangular Lot

Water Source Public

Total Parking 14

Lot Size Acres 0.109

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Richard Wolf

Listing Agent

Century 21 Circle

Broker

rwolf9150@gmail.com

Affordability Calculator

$4,589

Per Month

Monthly Principal & Interest: $4,282
Monthly Property Taxes: $307
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 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

Trends
Schools

Commerical listings in Gary, IN

Average List Price ^$204,791

Percent of Sale Price 67%

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.

4001616 Elementary School

4001695 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/21/2026	$620,000		Listed Price

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1514 W 5th Avenue, Gary, IN, 46402 is a Commercial Property for sale at $620,000 with 8,516 sqft and a lot size of 0.109. 1514 W 5th Avenue was built in 1926. The property's zip code is 46402 which is in Gary, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 10/23/2026.

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1514 W 5th Avenue

Commercial Property for sale in Gary, IN

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