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Building and Fenced Lot 2400-50 W Ridge Rd 500 SF Retail Building Gary, IN 46408 $189,900 ($379.80/SF)



Investment Highlights
- M-1 Light Manufacturing zoning allows for a wide range of commercial and industrial uses
- Comprised of 8 city lots, offering substantial land area and flexibility
- Located in an area benefiting from ongoing investment and revitalization
- Prominent location on high-visibility Ridge Road corridor
- Ample space for vehicle display, equipment storage, inventory, parking, or outdoor operations
Executive Summary
Rare Commercial Opportunity! Take advantage of this M-1 Light Manufacturing zoned property at 2450 W. Ridge Road, Gary, IN, offering exceptional flexibility for a variety of commercial and industrial uses. Situated on a high-visibility corridor, this property consists of 8 city lots, providing abundant space for inventory, parking, storage, or future expansion. For years, the current owners successfully operated an auto sales business from this location, averaging 20-25 vehicle sales per month—a true testament to the outstanding exposure and traffic this location provides. Whether you're looking to continue as an auto dealership, establish an equipment sales business, or utilize the site for another permitted M-1 use, the possibilities are extensive. The sale includes a storage container and office furniture, making it easy to hit the ground running with minimal startup costs. Gary continues to see significant investment and redevelopment, making now an excellent time to secure a commercial property with proven business history and outstanding visibility. Fill the lot, open your doors, and start selling! Opportunities with this much frontage, space, and potential are hard to find.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
500 SF
Building Class
C
Year Built
1949
Price
$189,900
Price Per SF
$379.80
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
0.79 AC
Zoning
COMM - Commercial
Parking
111 Spaces (21.63 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-08-29-136-002.000-003 | Improvements Assessment | $11,900 |
| Land Assessment | $36,300 | Total Assessment | $48,200 |
Property Taxes
Parcel Number
45-08-29-136-002.000-003
Land Assessment
$36,300
Improvements Assessment
$11,900
Total Assessment
$48,200
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Building and Fenced Lot | 2400-50 W Ridge Rd
