5808 Melton Rd - Freestanding FOR SALE


Gary, IN 46403- Aetna
$500,000 USD
219-736-0014
5808 Melton Rd, Gary, IN for Sale
$500,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

5808 Melton Rd
Gary, IN 46403
Aetna


HIGHLIGHTS

  • Commercial Train Proximity
  • Suitable for retail, office, or service-based businesses.
  • Quick access to I-65, I-80/I-94, and U.S. Route 20 for regional reach.
  • Positioned on Melton Road with consistent traffic flow for maximum exposure.

OVERVIEW

Property Summary 5800 Grant Street, Gary, Indiana is a commercial property located on Grant Street, a primary urban corridor in the city of Gary. The property is situated within Gary’s mixed commercial and service retail environment, with surrounding uses including retail, services, and residential neighborhoods. Investment Overview This asset represents a potential commercial investment opportunity. Use type, occupancy status, and lease information should be confirmed with the Lake County Assessor’s office, local tax records, and tenant documentation. The property may be positioned for redevelopment, owner-use, or lease-up depending on zoning and highest and best use. Location and Market 5800 Grant Street is located on one of Gary’s key commercial arterials, connecting local traffic with broader regional access. The corridor supports a variety of retail, service, institutional, and convenience uses that benefit from local daily demand and commuter traffic. The location provides direct access to nearby residential neighborhoods and proximity to other commercial uses. Regional Context Gary is a city in Lake County, Indiana with a diverse commercial and industrial base, historically linked to manufacturing and regional transportation networks. The area surrounding Grant Street includes a mix of legacy retail, service businesses, and evolving commercial activity. The city’s population and nearby employment centers support demand for goods and services along major thoroughfares like Grant Street. Investment Highlights Properties along Grant Street benefit from established visibility and access within the urban core of Gary. The corridor’s mixed-use character supports daily customer demand and community services. Opportunities may exist for repositioning, lease-up, or redevelopment depending on the current building condition and market demand. Key Considerations Confirm building specifics including square footage, year built, structural condition, and site configuration. Validate current occupancy status, lease terms, rental income (if applicable), and tenant obligations. Verify zoning designation and allowable uses through the City of Gary planning authority. Obtain market comparables, current traffic counts, and demographic data to support valuation and underwriting. Next Steps for Listing Completion Input detailed building and site data, including parcel ID, assessor valuation, site area, and building size. Confirm lease data including current occupant, rent, lease term, and escalations. Add recent on-site photography of the building and site, along with floor plans if available. Provide traffic counts and radius demographic reports to support investment analysis.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Subway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,344 SF

ZONING

-

APN/PARCEL ID

45-09-06-451-018.000-004

ASK ABOUT THIS PROPERTY

Mike BeczeMcColly Bennett Commercial AdvantageMore Info
219-736-0014

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Mike BeczeMcColly Bennett Commercial AdvantageMore Info
219-736-0014

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.