5555 Ridge RdGary, IN 46408

Property Details for 5555 Ridge Rd

Lot size

0.81 AC

Property type

Commercial land

APN

45-07-25-128-005.000-001

APU

450725128005000001

Description

This exceptional 1-acre commercial lot, located at 5555 W Ridge Rd (Lot 2) in Gary, Indiana, presents a remarkable opportunity for QSR or retail development. Boasting 140 feet of frontage on Ridge Road, this property enjoys excellent visibility and accessibility, attracting over 13,000 cars daily. A dedicated private curb cut and convenient turn lane ensure easy ingress and egress for customers. The strategic location just east of the Griffith/Gary city line places the property in close proximity to the I-94 interstate, providing convenient access for commuters and customers. The site benefits from its adjacency to a newly constructed Dollar General, further enhancing its appeal and potential for synergy. This location offers the advantage of capturing morning traffic heading towards I-94 via Burr Street or Cline Avenue, ensuring high traffic volume throughout the day. The asking price for this prime commercial land is $150,000. The property is situated in Lake County, Indiana, with a zip code of 46408. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes. Don't miss this chance to secure a highly desirable commercial property in a growing area.

• Alternative Use

  Use

  Valuation

  Residential

  $21,473,864

  Hospitality

  $19,669,944

  Educational

  $16,365,162

  Medical

  $16,927,986

  Retail

  $25,456,920

Location Insight

City

Gary

County

Lake

State

Indiana

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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