Commercial Sale For Sale

4007 Broadway, Gary, Indiana

QR Code
Property Description

Seize the chance to acquire a cash-flowing landmark location in Gary’s historic Glen Park neighborhood. Located at 4007 Broadway, this 1920s-era commercial building offers a stabilized addition to your portfolio, currently operated as a tenant-occupied Leased property. Long known as the home of “Ace Cleaners and Tailors,” this location has been a staple of the community for generations and features a reliable, established tenant in place. With over 7,300 square feet of lot space and a building that exudes the architectural charm of 1927, this site offers an investor minimal landlord responsibilities under the leased structure. Situated on the bustling Broadway artery, the property ensures constant high visibility and long-term real estate value. A true Community Anchor: located just minutes from Indiana University Northwest, local schools, and major transit routes. Perfect for passive investors or 1031-exchange buyers looking for stable commercial frontage just south of the I-80/94 interchange. Zoned Commercial. Buyer to verify current lease terms, options, and rental income.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA837489
Price : $175,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1927
Lot Area : 7,362 Sqft
Status : Active
Acres : 0.169
Property Subtype 1 : Business
Status : Active
Features
Heating System : Central, Forced Air, Natural Gas
Parking : Paved, Off Street, Asphalt
Interior Features : High Ceilings, Entrance Foyer
Appliances
Appliances : Dryer, Washer, Other
Address Map
Country : US
State : IN
County : Lake
City : Gary
Street : Broadway
Street Number : 4007
Postal Code : 46409
Floor Number : 0
Longitude : W88° 39' 50.5''
Latitude : N41° 32' 43.7''
Directions : From 80 / 90 exit onto Broadway Ave ( RT 53) and proceed South. Proceed to West 40th Ave. Building is located on the South East Corner of that intersection. Parking is located in the front.
Subdivision : Regency 01 Ph 01
Township : Calumet
MLS Addon
Office Name : McColly Real Estate
Listing Agent MLS ID : NRA10692
Listing Office MLS ID : NRA266
Annual Tax Amount : $2,000
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2024
Commercial Sale For Sale
  • Listing ID : NRA837489
  • Bedrooms : 0
  • Bathrooms : 0
  • Lot Area : 7,362 Sqft
$175,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent