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4007 BroadwayGary, IN 46409

Earles 03 Glen Park Add · Lake County

$175,000List price
2,160Sq Ft
1927Year built
0.17Acre lot
6 months agoOn market

Description

Seize the chance to acquire a cash-flowing landmark location in Gary's historic Glen Park neighborhood. Located at 4007 Broadway, this 1920s-era commercial building offers a stabilized addition to your portfolio, currently operated as a tenant-occupied Leased property. Long known as the home of "Ace Cleaners and Tailors," this location has been a staple of the community for generations and features a reliable, established tenant in place. With over 7,300 square feet of lot space and a building that exudes the architectural charm of 1927, this site offers an investor minimal landlord responsibilities under the leased structure. Situated on the bustling Broadway artery, the property ensures constant high visibility and long-term real estate value. A true Community Anchor: located just minutes from Indiana University Northwest, local schools, and major transit routes. Perfect for passive investors or 1031-exchange buyers looking for stable commercial frontage just south of the I-80/94 interchange. Zoned Commercial. Buyer to verify current lease terms, options, and rental income.

Property Information

Property type
Commercial Sale
Sub-type
Business
Year built
1927
Living area
2,160 Sq Ft
Lot size
0.17 acres
Parking spaces
8
Days on market
184
MLS® Listing#
837489

Property Features

Interior
Entrance Foyer · High Ceilings
Appliances
Dryer · Washer · Other
Cooling
Other
Heating
Natural Gas · Central · Forced Air
Flooring
Concrete
Parking
Off Street · Paved · Asphalt
Laundry
Electric Dryer Hookup · Washer Hookup · Main Level · Gas Dryer Hookup
Lot features
Corner Lot · Near Public Transit · Paved
Construction
Brick · Wood Siding
Roof
Asphalt · Other
Security
Security System
Utilities
Electricity Connected · Water Connected · Sewer Connected · Natural Gas Connected
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$2,000Tax year 2024
Parcel number
450827156001000004

Directions

From 80 / 90 exit onto Broadway Ave ( RT 53) and proceed South. Proceed to West 40th Ave. Building is located on the South East Corner of that intersection. Parking is located in the front.

Greater Northwest Indiana Association of Realtors logo

Listing Courtesy: McColly Real Estate - 2199261616

Presented by: Alan Harrell

Based on information submitted to the MLS GRID as of 2026-04-20T00:00:00.000Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-04-20T00:00:00.000Z

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  • Dan Nolan

    Broker of Record

    EXIT Strategy Realty

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    EXIT Strategy Realty