Commercial Sale For Sale

2315 Industrial Boulevard, Gary, Indiana

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Property Description

Exceptional 6-Unit Investment Opportunity with Major Upside! Rare chance to acquire a high-potential multifamily asset featuring 2 buildings on one lot in a prime location near major expressways and commuter routes. The main 2-story building offers 5 apartment units that are 989 sqft each. The 1st and 2nd floor apartments boast 10′ ceilings and each feature a spacious living room and kitchen, 2 bedrooms and 1 bathroom. The basement level features a newly renovated 3 bedroom, 1 bath apartment and a utility room. The 6th unit is a detached single-family home with value-add potential that can be rehabbed or demolished to maximize the site’s future use. This property is zoned for up to 9 units, creating a tremendous opportunity for investors, developers, or owner-operators looking to expand cash flow and increase long-term value. The 5-unit building has seen numerous updates, including renovated units and updated HVAC systems, offering a strong foundation for immediate income production. All units are currently vacant, allowing flexibility for the next owner, but units are expected to be leased during the sale process, making this an ideal opportunity to secure a property with both stabilization potential and future development upside. With multiple income streams, strong location appeal, and significant room for increased returns, this is a rare value-add asset with huge income potential. Don’t miss this exceptional opportunity to own a multifamily property with redevelopment possibilities and serious upside! This property is being sold as-is. The seller will not make any repairs.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA836660
Price : $499,900
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1947
Lot Area : 9,365 Sqft
Status : Active
Acres : 0.215
Property Subtype 1 : Multi Family
Status : Active
Features
Heating System : Forced Air
Basement : Yes
Parking : On Street
Interior Features : Ceiling Fan(s), Open Floorplan
Address Map
Country : US
State : IN
County : Lake
City : Gary
Street : Industrial
Street Number : 2315
Street Suffix : Boulevard
Postal Code : 46407
Floor Number : 0
Longitude : W88° 40' 16.4''
Latitude : N41° 34' 34.9''
Directions : Head toward 6th Ave Turn left onto E 11th Ave Turn right onto Virginia St Turn left onto Industrial Blvd
Subdivision : Diamond Park Sub
Township : Calumet
MLS Addon
Office Name : The Jaeger Group, LLC
Listing Agent MLS ID : NRA10296
Listing Office MLS ID : NRA1052
Annual Tax Amount : $2,859
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2024
Commercial Sale For Sale
  • Listing ID : NRA836660
  • Bedrooms : 0
  • Bathrooms : 0
  • Lot Area : 9,365 Sqft
$499,900
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent