USAINGaryBroadway Realty & Inv Cos 014683 Broadway

New

$399,900

For Sale

8 days ago

4683 Broadway, Gary, IN

Name: 4683 Broadway, For Sale in Gary - eXp Realty
Brand: Realty Executives Premier
SKU: 846244
Price: 399900 USD

House

MLS® 846244

0 Bed

0 Bath

9000 sqft

12 Parking

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size 9000 sqft

Garage Yes

Taxes $5,788

Days Active 7

Lot Size 0.2 Acres

Approx. Age 1950

Avg. Price Per Sqft $44

MLS® Number 846244

Property Address: 4683 Broadway, Gary, IN, 46409-2425

Average square foot calculated using Size range provided by listing agent.

Description

Highly visible, Mixed-Use, Six-Unit with consisted income. Located on Broadway in Gary, this established investment property offers a unique combination of 3 main floor commercial units, and 3 residential apartments above. There is a separately rented two-car garage creating seven income streams! This building has been the home of Gary's iconic Playboy Barbershop for the past 43 years. The three main floor business tenants have forced air heating with central air conditioning. Each business owner pays for their own gas, electric and water. Tenants include a barber shop, a woman's hair salon and a financial planner. The upper level includes three residential apartments. There are two units with two bedrooms and one unit with one bedroom. Each residential tenant is responsible for providing their own appliances and window air conditioning units. Each residential tenants pays for their own cooking gas, and electric. These units are boiler heated, with the expense of heat heating gas and water provided by the owner. The two car garage is also rented separately, creating a seventh income stream. New windows were installed on the second floor in 2024, the roof was replaced in 2021, the boiler was replaced in 2016. Playboy Barbershop will be moving with the sale of the building, but may be willing to sell some existing equipment to a new tenant or purchaser. This property offers an excellent opportunity for an investor seeking proven cash flow with significant upside potential as rents are increased over time. A unique combination of long-term tenants, multiple income streams, and future rental upside makes this a compelling investment opportunity. 4675 #1 Broadway = 2 Bedroom. 4675 #2 Broadway = 2 Bedrooms. 4675 #3 = 1 Bedroom. 4677 Broadway = Financial Planner. 4681 Broadway = Hair Salon. 4683 Broadway = Barbershop. The Schedule of Rents and Operating Income/Expenses are available upon request.

MLS® Number846244

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1950

BasementFull, Unfinished, Storage Space, Sump Pump

DrivewayDetached, Garage Faces Side, On Street, Gravel, Off Street

Garage Spaces

HeatBaseboard, Other, Natural Gas, Hot Water, Forced Air, Central

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 2, 2026List Date

$399,900List Price

Commute

Commute

Starting Address

Destination Address

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