2200 W Ridge Road Gary, IN ^$ 40,000

2200 W Ridge Road

^$ 40,000

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2200 W Ridge Road

Gary, IN, 46408

^$ 40,000

Studio Baths0.0 Sq 1,125

Monthly Estimate*

^$ 266

2200 W Ridge Road, Gary, IN 46408 - Image 1

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Studio

Commercial Property for sale in Gary, IN

for $40,000. This 1,125 square foot building was built in 1938 on a lot size of 0.32.

Here's your opportunity to secure a commercial space in a high traffic area. This property includes 3 lots and has incredible potential for a wide range of ventures seeking maximum exposure without breaking the bank. Building is a bit rough with broken windows and no connected utilities but with a little imagination and investment, you can transform this property into the cornerstone of your success.

Commercial Pending

Price

^$ 40,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,920

Style

Lot Size

0.32

Year Built

1938

Town/City

Gary

County/Region

Lake

MLS | Web ID

12042310

Features

General

Cooling None

Possession Closing

Roof Composition

Zoning COMMR

Construction Materials Wood Frame

Year Built 1938

Electric Service - 101 to 200 Amps

Stories 1

Township Calumet

Property SubType Office

Tax Year 2022

Current Use Other

Gross Income 0

County Lake

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Office/Tech

Possible Use Commercial Office and Research Retail Special Use

Status Pending

Directions Highway 55 To Ridge Road. West on Ridge Road to property

City Gary

MLS Area Indiana - Gary

Lot Size Square Feet 14520

Street Name Ridge

Tax Annual Amount 1920

Additional Parcels Y/N Y

Leasable Area 0

Days on Market 3

Standard Status Pending

Exterior

Foundation Details Block

Building Area Total 1125

Lot Dimensions 121X120

Lot Size Acres 0.32

Exterior Aluminum Siding

Interior

Street Suffix Road

* Excluded Features

List By

Mccolly Real Estate

Broker

renee.egnatz@mccolly.com

Affordability Calculator

$426

Per Month

Monthly Principal & Interest: $266
Monthly Property Taxes: $160
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Gary, IN

Average List Price ^$213,450

Percent of Sale Price 434%

About Gary, IN

71,243 Population

-31% Since 2002

^$29,286 Median Income

37.13 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/29/2024	$40,000		Listed Price

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2200 W Ridge Road, Gary, IN, 46408 is a Commercial Property for sale at $40,000 with 1,125 sqft and a lot size of 0.32. 2200 W Ridge Road is a studio with 0.0 baths and was built in 1938. The property's zip code is 46408 which is in Gary, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/5/2024.

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2200 W Ridge Road

Commercial Property for sale in Gary, IN

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