4815 W 5th Avenue, Gary, IN 46406
New Brunswick Add · Lake County
Key Facts
Description
**Property Type:** Commercial / Retail / Former Laundromat * **Building Size:** Approximately **9,800 sq. ft.** * **Stories:** 2 * **Year Built:** 1945 * **Lot Size:** Approximately **0.50 acre (21,649 sq. ft.)** * **Zoning:** Commercial/Business use * **Property Class:** Former laundromat. ### Existing Infrastructure * Former commercial laundromat * Capacity for approximately **70+ washers** * Capacity for approximately **40+ dryers** * **200-amp, 400-volt electrical service* * Drive-through service window * High ceilings * Forced-air heating * Existing utility layout suitable for high water-demand commercial operations. * Parking for approximately **25+ vehicles** * Easy customer access from W. 5th Avenue * Suitable for retail, medical, restaurant, or service-oriented businesses. Location Highlights * Frontage on **West 5th Avenue (US 12/US 20 corridor)** * Four-lane arterial roadway * Estimated **18,000-22,000 vehicles per day** * Excellent visibility and signage opportunities * Convenient access to major highways serving Northwest Indiana and the Chicago metropolitan area. Potential Uses The building's size, utility capacity, and location make it suitable for numerous commercial uses, including: * Laundromat * Medical or urgent care facility * Restaurant or food hall * Retail center * Fitness center * Indoor recreation * Church or community center * Office conversion * Contractor showroom
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1945
Living Area
9,800 sq ft
Lot Size
0.50 acres
Parking Spaces
25
Days on Market
9
MLS® Listing#
841891
Property Features
Interior
Cooling
Heating
Laundry
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$3,245
Tax year 2024
Parcel Number
450701431005000004
Directions
From Cline Ave head east on US-20 for 1.9 miles; the destination is on the south side of the street
Affordability Calculator
$29,800
Estimated monthly payment
$793/mo
Principal $119,200 · Est. interest $166,295 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Gary, IN
- 61
- Median Days on Market
- 1,397
- Median Sq Ft
- $91
- Median Price / Sq Ft
- 272
- Active Listings
- Its price per sq ft is 83% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Gary, IN.
Location
Points of Interest in Gary, IN
Showing the Gary area map.
Nearby Schools
Lighthouse Academies
School · 0.3 mi away
Brunswick Elementary School
Elementary · 0.6 mi away
Thea Bowman Leadership Academy
School · 0.7 mi away
Nina's Loving Care
School · 0.7 mi away
Westside Leadership Academy
School · 0.7 mi away
Gary Westside High School
Secondary · 0.7 mi away
Aspire Charter Academy
School · 0.9 mi away
Frankie W McCullough Academy
School · 1.6 mi away
Beveridge Elementary School
Elementary · 2.0 mi away
Thea Bowman Leadership Academy
School · 2.5 mi away
Morton High School
Secondary · 2.5 mi away
Grissom Elementary School
Elementary · 2.5 mi away
St Catherine of Siena
School · 2.6 mi away
Charles N Scott Middle School
Secondary · 2.7 mi away
Excel Center - Hammond
Secondary · 2.7 mi away
Jefferson Elementary School
Elementary · 2.7 mi away
Harding Elementary School
Elementary · 2.8 mi away
Frankie Woods McCullough School
School · 2.8 mi away
Orchard Drive Elementary School
Elementary · 3.0 mi away
Joseph Hess Elementary School
Elementary · 3.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1567 Rutledge Street, Gary, IN | $104,900 | 2 | 1 | 832 |
| 2550 Harrison, Gary, IN | $105,000 | 2 | 1 | 975 |
| 1166 Mount Street, Gary, IN | $105,000 | 2 | 1 | 1,680 |
| 3516 Carolina Street, Gary, IN | $109,999 | 2 | 1 | 1,304 |
| 4701 Connecticut Street, Gary, IN | $110,000 | 3 | 2 | 1,488 |
| 4377 Kentucky Street, Gary, IN | $110,000 | 3 | 1 | 1,207 |
Moving Cost Estimate
EXIT Agents in Gary
Listing Courtesy: Village Realty of Indiana, Inc - 2196611212
Presented by: David Shinault
Last Updated: 2026-07-08