USAINGaryDiamond Park Sub2315 Industrial Blvd
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2315 Industrial Blvd, Gary, IN

House

For Sale

Listed price in listed location currency (USD).
$499,900

005

MLS® 836660

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 6457 sqft
Garage 
Taxes $2,859
Days Active 14
Lot Size 
Approx. Age 1947
Avg. Price Per Sqft $77
MLS® Number 836660

Property Address: 2315 Industrial Blvd, Gary, IN, 46407-3709

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

Description

Exceptional 6-Unit Investment Opportunity with Major Upside! Rare chance to acquire a high-potential multifamily asset featuring 2 buildings on one lot in a prime location near major expressways and commuter routes. The main 2-story building offers 5 apartment units that are 989 sqft each. The 1st and 2nd floor apartments boast 10' ceilings and each feature a spacious living room and kitchen, 2 bedrooms and 1 bathroom. The basement level features a newly renovated 3 bedroom, 1 bath apartment and a utility room. The 6th unit is a detached single-family home with value-add potential that can be rehabbed or demolished to maximize the site's future use. This property is zoned for up to 9 units, creating a tremendous opportunity for investors, developers, or owner-operators looking to expand cash flow and increase long-term value. The 5-unit building has seen numerous updates, including renovated units and updated HVAC systems, offering a strong foundation for immediate income production. All units are currently vacant, allowing flexibility for the next owner, but units are expected to be leased during the sale process, making this an ideal opportunity to secure a property with both stabilization potential and future development upside. With multiple income streams, strong location appeal, and significant room for increased returns, this is a rare value-add asset with huge income potential. Don't miss this exceptional opportunity to own a multifamily property with redevelopment possibilities and serious upside! This property is being sold as-is. The seller will not make any repairs.
MLS® Number836660
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1947
BasementFinished
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 7, 2026List Date
$499,900List Price
  • Commute

Commute

Starting Address
Destination Address
2315 Industrial Blvd, Gary, IN

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