1501 Martin Luther King Drive Gary, IN ^$ 250,000

1501 Martin Luther King Drive

^$ 250,000

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Recently Listed

1501 Martin Luther King Drive

Gary, IN, 46407

^$ 250,000

Studio Baths0.0 Sq 4,020

Monthly Estimate*

^$ 1,662

1501 Martin Luther King Drive, Gary, IN 46407 - Image 1

Studio

Commercial Property for sale in Gary, IN

for $250,000. This 4,020 square foot building was built in 1968 on a lot size of 0.55.

Property being offered subject to current tenants rights.

Commercial Active

Price

^$ 250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,253

Style

Business

Lot Size

0.55

Year Built

1968

Town/City

Gary

County/Region

Lake

MLS | Web ID

803871

Features

General

Interior Features None

Sewer Public Sewer

Heating Forced Air Natural Gas

Utilities Electricity Connected Water Connected Sewer Connected Phone Connected Natural Gas Connected

Appliances None

Exterior Features Private Yard

Year Built 1968

Electric Circuit Breakers

Township Calumet

Property SubType Business

Tax Year 2023

County Lake

Property Type Commercial Sale

Building Features Courtyard

Status Active

Directions I65 to 15 Avenue East to Martin Luther King Dr. South

City Gary

Lot Size Square Feet 23958

Waterfront Y/N N

Street Name Martin Luther King

Tax Annual Amount 5253

Standard Status Active

Legal Description PT E2 NE 1-4 SE1-4 Parcel 1 & Pt E.2 NE 1-4 SE 1-4 Parel 2 S.10 T36 R8 .55Ac

Exterior

Fencing Chain Link

Parking Features Asphalt Parking Lot

Lot Features Level Paved Private

Water Source Public

Total Parking 15

Lot Dimensions .55 Acre

Lot Size Acres 0.55

Lot Size Source Assessor

Interior

Street Suffix Drive

Laundry Features None

* Excluded Features

List By

Karen Bilski-Petalas

Listing Agent

Home Connection Realty, Inc.

Broker

kpetalas@aol.com

Affordability Calculator

$2,099

Per Month

Monthly Principal & Interest: $1,662
Monthly Property Taxes: $438
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 15%

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.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/17/2024	$250,000		Listed Price

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1501 Martin Luther King Drive, Gary, IN, 46407 is a Commercial Property for sale at $250,000 with 4,020 sqft and a lot size of 0.55. 1501 Martin Luther King Drive is a studio with 0.0 baths and was built in 1968. The property's zip code is 46407 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/3/2024.

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1501 Martin Luther King Drive

Commercial Property for sale in Gary, IN

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