Gary Airport Crane Building

5050 Airport Road, Gary, Indiana 46406

  • Property Subtypes Manufacturing , Free-Standing , Light Industrial
  • Gross Building Area 14,710 SF
  • Building Status Existing
  • Sale Price $610,000.00 - Total
  • Property Use Type Investment
  • Class of Space N/A
  • Total Land Size 1.15 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 1/6/2020
  • Days on Market 128 Days
  • Status active

Overview / Comments

Crane building directly across from the Chicago-Gary Municipal Airport. Tenant leases at 6 month intervals. Rent is $5000/ month plus taxes and insurance. Has first right of refusal on any offer. Two 7.5 ton overhead cranes. Approx 44' X 320' bay. 25' sidewall. 20' tall O/H drive thru doors. New roof installed 2018. Lease up again March 2020.

Additional Details

  • Tax ID/APN 450336401004000004
  • Year Built 1955
  • Year Renovated 2018 roof
  • Land Ownership fee simple
  • Legal Description Dorkes Industrial Highway Sub. Westerly 100 ft of Southerly 500 ft of lot 30

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