5010 BroadwayGary, IN 46408

Property Details for 5010 Broadway

Year built

1959

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

1,850 SF

Property type

Medical offices

Property subtype

Medical centers

APN

45-08-33-433-017.000-004

APU

450833433017000004

Description

This exceptional Class A retail property, located at 5010 Broadway in Gary, Indiana, presents a lucrative investment opportunity. The 4,350 square foot bar, built in 1962 and extensively renovated in 2021, is situated on a single story building. The property boasts a prime location in Lake County, Indiana, with easy access to major roadways and a vibrant local community. The asking price is $300,000. The interior is in excellent condition, reflecting the recent renovations. This turnkey operation offers immediate income potential for a savvy investor. The property's size and location make it ideal for a variety of uses, ensuring a strong return on investment. Detailed financial information is available upon request. The property's zip code is 46408. This is a single-building property with significant upside potential. Don't miss this chance to acquire a well-established and profitable business in a desirable location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $594,537

  6.5%

  $548,804

  7%

  $509,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $240,962

  Geo Method

  $240,962

• Alternative Use

  Use

  Valuation

  Residential

  $680,516

  Hospitality

  $623,349

  Educational

  $518,619

  Medical

  $536,456

  Retail

  $806,741

Location Insight

City

Gary

County

Lake

State

Indiana

Latitude

41.5274

Longitude

-87.3365

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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