For Sale
$1,500,000

8000 Melton RdGary, IN 46403

80,000 SF Flex Building, $1.5M

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional mixed-use property, located at 8000 E Melton Rd, Gary, IN 46403, presents a compelling investment opportunity. The 80,000 square foot building, constructed in 1970, sits on a substantial 5.76-acre lot (250,905 sq ft) and boasts flexible B5-1 zoning, making it suitable for a variety of uses. Currently housing a successful indoor discount mall (Second Chance Appliance & Discount Furniture), the property offers immediate income potential. The expansive lot provides ample space for expansion, while the high clear ceilings and 70 parking spaces, along with outdoor storage, cater to diverse operational needs. Its prime location offers convenient expressway access, enhancing its logistical advantages. The asking price is $1,500,000, representing a strong value proposition in Gary's developing market. This single-story building presents a unique chance to capitalize on its existing income stream and explore future development possibilities within a versatile zoning framework. The property's size, location, and zoning flexibility make it an ideal candidate for businesses requiring significant space, ample parking, and convenient access to major transportation routes. The existing tenant provides a stable income base, while the large lot size allows for future expansion or redevelopment. This is a rare opportunity to acquire a substantial property in a growing market at an attractive price point. The APN is 45-09-04-300-901.000-004.

Highlights

  • 80,000 SF building on 5.76 acres with expressway access.
  • Flexible zoning suitable for truck/trailer maintenance, retail, or warehousing.
  • 70 parking spaces plus outdoor storage.
  • Currently leased to an income-producing indoor discount mall.
  • Expansion potential on a 250,905 SF lot with high ceilings.
  • $1,500,000 asking price in Gary's growing market.

Property Details for 8000 Melton Rd

Property type
Retail properties, Mixed-use properties
Square Feet
80,000 SF
Class
C
Year Built
1970
Stories
1

Location Insight

City
Gary
County
Lake
State
Indiana
Latitude
41.5955539
Longitude
-87.2398203
8000 Melton Rd, Gary, Indiana

FAQs

What type of property is this?
Retail property - 80,000 SF Flex Building, $1.5M
Where is the retail property located?
The property is located at 8000 Melton Rd Gary, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 80,000 SF building on 5.76 acres with expressway access.; Flexible zoning suitable for truck/trailer maintenance, retail, or warehousing.; 70 parking spaces plus outdoor storage.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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8000 Melton Rd
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