Retail Building with Laundromat Business For Sale

1201-1219 West Ridge Road, Gary, Indiana 46408

  • Property Subtypes Free-Standing Building , Other
  • Gross Building Area 2,964 SF
  • Building Status Existing
  • Sale Price $675,000.00 PSF
  • Property Use Type Business
  • Class of Space N/A
  • Total Land Size 0.4 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 6/15/2020
  • Days on Market 164 Days
  • Status active

Overview / Comments

This is a fully operational turn-key laundromat looking for NEW OWNERS! The 2,964 +/- SF retail building includes of all existing interior equipment consisting of 34 washing machines, 46 dryers, security cameras along with the attached list. The building sits on an 0.40 acre corner lot. Updated features include: 2 new rooftop units. Built in 2004. 2019 pay 2020 taxes $8,346.00. The property is strategically situated at the corner of Pierce and Ridge Road with excellent frontage and visibility on both streets. The property is easily accessible and convenient with ample parking and full side curb cut on Pierce Street. Located in the Business District section of Gary. 1/4 mile east of Grant Street, 3/4 mile West of Broadway/Rt.53. 1 3/4 miles south of I80/94. Less than 45 minutes to Chicago. Located between Grant and Burr Street. Coming soon to Gary is the Spectacle Entertainment Hard Rock Casino located immediately south on the Borman Expressway at the Burr Street exit. 1 1/2 miles north of Indiana University Northwest. INDOT 2019 traffic counts for Ridge Road is 8,640 cars/day. 36 parking spaces.

Additional Details

  • Tax ID/APN 45-08-28-111-004.000-004, 45-08-28-111-003.000-004

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