Listing provided courtesy of 21 Century Realty GroupNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 841261
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Request Info5490 W Ridge RoadGary, IN 46408
Commercial · 3,000 Sq. ft. | 0.27 Acres$250,000
Active
5490 W Ridge Road Overview
- Time on Site:
- 4 days
- Visits:
- 0
Excellent investment opportunity! This versatile commercial building features three separate units, offering multiple income-producing possibilities. One of the units was previously operated as a restaurant and includes an existing commercial kitchen hood, making it ideal for a new restaurant, cafe, carryout, or other food service business with the proper approvals. Whether you're an investor looking to generate rental income or a business owner seeking to occupy one unit while leasing the others, this property offers outstanding flexibility and long-term potential. The multi-unit layout provides the opportunity for diversified income streams and owner-occupancy, making it an attractive addition to any investment portfolio. Conveniently located on W. Ridge Road with excellent visibility and accessibility, this property is well-positioned for a variety of commercial uses. Don't miss the opportunity to own a property with strong income potential and endless possibilities.
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5490 W Ridge Road Facts & Features
- Type Commercial
- Sq. ft. 3,000
- Price/Sq.ft. $83
- Lot 0.27 Acres
Details
General
Building Information
- Year Built: 1957
Location/Region
- County Or Parish: Lake
- Subdivision Name: Nelson Add
- Township: Calumet
Tax Information
- Tax Annual Amount: 2124
- Tax Year: 2024
General Information
- Listing Terms: Cash,VA Loan,FHA,Conventional
- Parcel Number: 450725127015000003
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
- Special Listing Conditions: Standard
Interior
Building Interior
- Building Area Source: Owner
General Information
- Accessibility Features: Accessible Doors,Accessible Approach with Ramp
- Basement: false
- Building Features: Mixed Use
- Electric: 200+ Amp Service,Circuit Breakers
- Heating: Central,Natural Gas
- Living Area: 3000
Exterior
Parking Information
- Parking Features: Off Street,Asphalt
- Parking Total: 15
Lot Information
- Lot Features: Corner Lot,Near Public Transit
- Lot Size Acres: 0.268
- Lot Size Source: Assessor
- Lot Size Square Feet: 11674
- Water Source: Public
Waterfront/View
- View: Neighborhood
- Waterfront: false
General Information
- Exterior Features: Lighting
- Sewer: Public Sewer
- Utilities: Cable Connected,Water Connected,Sewer Connected,Natural Gas Connected,Electricity Connected
5490 W Ridge Road Neighborhood
Community
46408 (Gary) Demographics
40
Median Age
1,645
Population Density (per sq. mile)
18%
College Educated
$39,956
Estimated Median Income
4,301
Estimated Total Home Owners
2,429
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5490 W Ridge Road Monthly Cost
5490 W Ridge Road Market Data
Based on the last 30 days in this zip code
$132,494
Average List Price
$94
Average Price per Square Foot
13
Properties Sold
68
Average Days on Market
72
Properties for Sale
5490 W Ridge Road History
| Date | Value | Agent |
|---|---|---|
| 6/25/2026Source: Northwest Indiana MLS | June 25, 2026 |
|
| 3/18/2026Source: Northwest Indiana MLS | Closed |
|
| 3/14/2026Source: Northwest Indiana MLS | Pending |
|
| 3/5/2026Source: Northwest Indiana MLS | March 05, 2026 |