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Ace Cleaners 4007 Broadway 2,160 SF 100% Leased Retail Building Gary, IN 46409 $175,000 ($81.02/SF)



Executive Summary
Exceptional Prime Commercial Opportunity in the Heart of Glen Park! Seize the chance to own a landmark location in Gary's historic Glen Park neighborhood. Located at 4007 Broadway, this 1920s-era commercial building offers the perfect blend of vintage character and modern potential. Long known as the home of "Ace Cleaners & Tailors," this property has been a staple of the community for generations! With over 7,300 square feet of lot space and a building that exudes the architectural charm of 1927, this site is perfectly suited for an owner-operator looking to continue a service-based business or an investor seeking to revitalize a high-visibility corridor. Situated on the bustling Broadway artery, ensuring constant foot and vehicle traffic. The existing setup accommodates retail, specialized service (like the longstanding dry cleaners), or creative office space. A true Community Anchor: located just minutes from Indiana University Northwest, local schools, and major transit routes, providing a built-in customer base. Whether you're looking to preserve a piece of Gary's business history or reimagine the space for a new era of retail, 4007 Broadway offers the visibility and bones to make it happen. Zoned Commercial, and Ideal for continued service use, retail, or office conversions. Offering excellent Visibility , a High-traffic frontage on Broadway, just south of the I-80/94 interchange and near Indiana University Northwest. Owners just installed a brand new State of the Art Dry cleaning machine that does not use the traditional chemicals in most dry cleaning processes
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,160 SF
Building Class
C
Year Built
1927
Price
$175,000
Price Per SF
$81.02
Percent Leased
100%
Building Height
1 Story
Building FAR
0.29
Lot Size
0.17 AC
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-08-27-156-001.000-004 | Improvements Assessment | $43,400 |
| Land Assessment | $21,700 | Total Assessment | $65,100 |
Property Taxes
Parcel Number
45-08-27-156-001.000-004
Land Assessment
$21,700
Improvements Assessment
$43,400
Total Assessment
$65,100
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Ace Cleaners | 4007 Broadway
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