5050 Industrial Highway Gary, IN 46406

$610,000
5050 Industrial Highway, Gary, IN 46406
407901

Commercial Property for sale in Gary, IN

for $610,000. This 14,710 square foot building was built in 1955 on a lot size of 1.15 Acre(s).

Property Information

  • $610,000
  • Commercial
  • 14,710 Square Feet
  • Industrial
  • Active
  • Lot size of 1.15 Acre(s)
  • Built in 1955
  • Gary, IN
  • Lake County
  • MLS/Web ID is 407901

Description

Tenant occupied crane building in the Chicago Gary Airport development zone. Directly across from the airport. Ready to go. No waiting to build. Crane building. Two 7.5 ton overhead travel cranes. Approx 44 X 320 ft bay. 25 ft sidewall. 20 ft drive in doors. Over an acre of land. Fenced. 900 sq ft office with concrete flexicore ceiling/roof. 13, 810 sq ft industrial space. Brand new roof installed March 2018. Great logistics. Airport, toll road (I80-94), Cline Avenue (SR 912), Industrial Highway (SR 12), Chicago Avenue (SR 312). Investment potential: Currently rented in 6 month intervals. Tenant pays rent as shown plus property taxes and building insurance. 48 hour notice to show during business hours. Tenant leased til October 1, 2018 . Qualified principals only, please. Measurements from public record. Buyer to verify to their satisfaction. Agents: See attachment for sharper overhead views.

Exterior 1

Parking

  • 21-40 Parking Spaces

† Excluded Feature

Listed By

Listing Agent: John Jurisa
Broker: PRIME REAL ESTATE

5050 Industrial Highway , Gary, IN, 46406 is a Commercial Property for sale at $610,000 with 14,710 sqft and a lot size of 1.15 Acre(s). 5050 Industrial Highway has 0.0 baths and was built in 1955. The property's zip code is 46406 which is in Gary, IN

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Pricing History

Date Price Price Change Description
1/13/2018 $610,000 -9.63 % Price Change
1/24/2017 $675,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Gary $217,052 64 % below $154,500 75 % below
Commerical listings in Gary $229,643 62 % below $210,000 66 % below

Get the facts about Gary, IN!

Population 73,772
Population Growth (since 2000) -28 %
Median Income $27,635
Median Age 37.11
Households w/ Children 26 %

Residential Dwellings

  • Owned 15262
  • Vacant 7613
  • Rented 13586

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363