REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 250,000
Est. payment /mo
Active
5490 W Ridge RD Gary, IN 46408
3,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $83
Subdivision Nelson Add
MLS Listing ID 841261
Year Built 1957
Annual Tax Amount $2,124
Tax Year 2024
Lot Size 0.268 Acres
Acres 0.268
Property Sub-Type Mixed Use
Property Description
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.
Location
State IN
County Lake
Interior
Heating Central, Natural Gas
Fireplace N
Exterior
Exterior Feature Lighting
View Y/N true
View true
Accessibility Accessible Doors, Accessible Approach with Ramp
Handicap Access Accessible Doors, Accessible Approach with Ramp
Building
Lot Description Corner Lot, Near Public Transit
Others
Tax ID 450725127015000003
Acceptable Financing NRA20260625202944070034000000
Listing Terms NRA20260625202944070034000000
Listed by 21 Century Realty Group • Ahmed Hjayyer