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4061 Richard Gordon Hatcher 4061 Richard Gordon Hatcher Blvd 4,570 SF 100% Leased Retail Building Gary, IN 46408 $235,000 ($51.42/SF)
Executive Summary
PRICE IMPROVEMENT | NOW OFFERED AT $235,000
4061-63 Richard Gordon Hatcher Blvd | Gary, IN
Opportunity meets visibility with this approximately 3-unit commercial property strategically positioned along Richard Gordon Hatcher Blvd in Gary, Indiana.
This multi-unit commercial building offers strong potential for an owner-user, investor, entrepreneur, service-based business, office user, retail concept, or redevelopment opportunity seeking an affordable entry point with upside.
Property features include:
• Multi-suite layout
• High visibility corridor
• Dedicated parking area
• Flexible commercial use potential
• Strong value-add opportunity
• Under-market entry point for commercial ownership
The property is currently approximately 80% vacant and presents an opportunity for repositioning and improvements. Buyers should anticipate updates and repairs, including roof replacement, cosmetic renovations, bathroom repairs, lighting updates, and modernization of certain building components.
Ideal opportunity for:
• Investors seeking value-add commercial assets
• Medical or professional office users
• Beauty, wellness, or salon concepts
• Retail or service businesses
• Community-based organizations
• Creative office or flex-space conversion
With limited commercial inventory at this price point, this property presents a rare opportunity to acquire a standalone commercial asset with redevelopment and income-producing potential.
Now offered at $235,000.
For additional information or to schedule a private tour, contact:
Kristiana Hamilton
The Hamilton Collective | KW Infinity
219-629-1454
Listing Link:
[https://www.flexmls.com/share/DxUH2/4061-63-Richard-Gordon-Hatcher-Boulevard-Gary-IN-46408](https://www.flexmls.com/share/DxUH2/4061-63-Richard-Gordon-Hatcher-Boulevard-Gary-IN-46408)
4061-63 Richard Gordon Hatcher Blvd | Gary, IN
Opportunity meets visibility with this approximately 3-unit commercial property strategically positioned along Richard Gordon Hatcher Blvd in Gary, Indiana.
This multi-unit commercial building offers strong potential for an owner-user, investor, entrepreneur, service-based business, office user, retail concept, or redevelopment opportunity seeking an affordable entry point with upside.
Property features include:
• Multi-suite layout
• High visibility corridor
• Dedicated parking area
• Flexible commercial use potential
• Strong value-add opportunity
• Under-market entry point for commercial ownership
The property is currently approximately 80% vacant and presents an opportunity for repositioning and improvements. Buyers should anticipate updates and repairs, including roof replacement, cosmetic renovations, bathroom repairs, lighting updates, and modernization of certain building components.
Ideal opportunity for:
• Investors seeking value-add commercial assets
• Medical or professional office users
• Beauty, wellness, or salon concepts
• Retail or service businesses
• Community-based organizations
• Creative office or flex-space conversion
With limited commercial inventory at this price point, this property presents a rare opportunity to acquire a standalone commercial asset with redevelopment and income-producing potential.
Now offered at $235,000.
For additional information or to schedule a private tour, contact:
Kristiana Hamilton
The Hamilton Collective | KW Infinity
219-629-1454
Listing Link:
[https://www.flexmls.com/share/DxUH2/4061-63-Richard-Gordon-Hatcher-Boulevard-Gary-IN-46408](https://www.flexmls.com/share/DxUH2/4061-63-Richard-Gordon-Hatcher-Boulevard-Gary-IN-46408)
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$600
|
$0.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$600
|
$0.13
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.13 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,570 SF
Building Class
C
Year Built
2001
Price
$235,000
Price Per SF
$51.42
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.35 AC
Zoning
CM - Commercial
Parking
15 Spaces (2.56 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Rayzor Barber Shop
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Rayzor Barber Shop | - | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-08-28-156-012.000-004 | Improvements Assessment | $211,500 |
| Land Assessment | $33,400 | Total Assessment | $244,900 |
Property Taxes
Parcel Number
45-08-28-156-012.000-004
Land Assessment
$33,400
Improvements Assessment
$211,500
Total Assessment
$244,900
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4061 Richard Gordon Hatcher | 4061 Richard Gordon Hatcher Blvd
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