5490 W Ridge Road Gary, IN $ 250,000
5490 W Ridge Road
$ 250,000
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5490 W Ridge Road

Gary, IN, 46408
$ 250,000
Bedrooms-- Baths-- Sq 3,000

Monthly Estimate*

$ 1,579

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Commercial Property for sale in Gary, IN

for $250,000. This 3,000 square foot building was built in 1957 on a lot size of 0.268.

Excellent investment opportunity! This versatile commercial building features three separate units, offering multiple income-producing possibilities. One of the units was previously operated as a restaurant and includes an existing commercial kitchen hood, making it ideal for a new restaurant, cafe, carryout, or other food service business with the proper approvals. Whether you're an investor looking to generate rental income or a business owner seeking to occupy one unit while leasing the others, this property offers outstanding flexibility and long-term potential. The multi-unit layout provides the opportunity for diversified income streams and owner-occupancy, making it an attractive addition to any investment portfolio. Conveniently located on W. Ridge Road with excellent visibility and accessibility, this property is well-positioned for a variety of commercial uses. Don't miss the opportunity to own a property with strong income potential and endless possibilities.

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Commercial Active

Price

$ 250,000

Property Type

Commercial

Taxes

$ 2,124

Style

Mixed Use

Lot Size

0.268

Year Built

1957

Town/City

Gary

County/Region

Lake

MLS | Web ID

841261

Features
General
Sewer Public Sewer
Heating Central Natural Gas
Utilities Cable Connected Water Connected Sewer Connected Natural Gas Connected Electricity Connected
Year Built 1957
Electric 200+ Amp Service Circuit Breakers
View Neighborhood
Township Calumet
Property Subtype Mixed Use
Tax Year 2024
Accessibility Accessible Doors Accessible Approach with Ramp
County Lake
Property Type Commercial Sale
Subdivision Name Nelson Add
Building Features Mixed Use
Status Active
Directions From I-80/94 take the Grant St. exit and head north. Turn left (west) onto Ridge Road. Continue west approximately 2 miles. The property will be on the south side of Ridge Road at 5490 W Ridge Rd
City Gary
Lot Size Square Feet 11674
Listing Terms Cash VA Loan FHA Conventional
Tax Annual Amount 2124
Standard Status Active
Legal Description NELSON ADD. S.82FT. OF LOT 15 & S'LY 82FT LOT 16
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Exterior
Exterior Amenities Lighting
Parking Features Off Street Asphalt
Lot Features Corner Lot Near Public Transit
Water Source Public
Total Parking 15
Lot Size Acres 0.268
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Ahmed Hjayyer

Listing Agent

21 Century Realty Group

Broker

ahmed.hjayyer@gmail.com

Email

Affordability Calculator

$1,756
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,579
Monthly Property Taxes
$177
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/25/2026$250,000 Listed Price

Map


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5490 W Ridge Road, Gary, IN, 46408 is a Commercial Property for sale at $250,000 with 3,000 sqft and a lot size of 0.268. 5490 W Ridge Road was built in 1957. The property's zip code is 46408 which is in Gary, IN