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2400 W Ridge Rd 5,832 SF 100% Leased Retail Building Gary, IN 46408 $440,000 ($75.45/SF)
Investment Highlights
- Zoned M-1 Light Manufacturing, allowing for a variety of commercial and industrial uses
- New roof with new sheeting recently installed
- Well-suited for automotive, manufacturing, industrial, contractor, and service-related businesses
- Currently configured and operating as a mechanic's shop
- xpansive open shop area designed for efficient operations
- Turnkey facility with infrastructure already in place for automotive and industrial operations
Executive Summary
Take your business to the next level with this 5,000+ sq. ft. commercial building at 2400 W. Ridge Road, Gary, IN! Located on one of Gary's busiest commercial corridors, this property offers exceptional visibility to thousands of passing vehicles daily, making it an ideal location for automotive, industrial, manufacturing, or service-related businesses. Currently operating as a mechanic's shop, this well-equipped facility is ready for its next owner. Features include 3 vehicle lifts, a new roof with new sheeting, updated electrical panels, expansive open work areas, office space, a dedicated tool room, parts storage, massive industrial shelving, and valuable yard space for vehicle storage, equipment, outdoor inventory, or additional parking. The M-1 Light Manufacturing zoning provides flexibility for a wide variety of commercial and industrial uses, making this an outstanding opportunity for owner-users and investors alike.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,832 SF
Building Class
C
Year Built
1949
Price
$440,000
Price Per SF
$75.45
Percent Leased
100%
Building Height
1 Story
Building FAR
0.42
Lot Size
0.32 AC
Parking
38 Spaces (6.52 Spaces per 1,000 SF Leased)
Frontage
235’ on West Ridge Road
Amenities
- Fenced Lot
- Signage
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-08-29-136-004.000-003 | Improvements Assessment | $35,400 |
| Land Assessment | $16,200 | Total Assessment | $51,600 |
Property Taxes
Parcel Number
45-08-29-136-004.000-003
Land Assessment
$16,200
Improvements Assessment
$35,400
Total Assessment
$51,600
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2400 W Ridge Rd