Sam Kingdon
REALTOR®
SQUARE FEET9,000
MLS#846244
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONBroadway Realty & Inv Cos 01
SCHOOLGary
Property Description
Highly visible, Mixed-Use, Six-Unit with consisted income. Located on Broadway in Gary, this established investment property offers a unique combination of 3 main floor commercial units, and 3 residential apartments above. There is a separately rented two-car garage creating seven income streams! This building has been the home of Gary's iconic Playboy Barbershop for the past 43 years. The three main floor business tenants have forced air heating with central air conditioning. Each business owner pays for their own gas, electric and water. Tenants include a barber shop, a woman's hair salon and a financial planner. The upper level includes three residential apartments. There are two units with two bedrooms and one unit with one bedroom. Each residential tenant is responsible for providing their own appliances and window air conditioning units. Each residential tenants pays for their own cooking gas, and electric. These units are boiler heated, with the expense of heat heating gas and water provided by the owner. The two car garage is also rented separately, creating a seventh income stream. New windows were installed on the second floor in 2024, the roof was replaced in 2021, the boiler was replaced in 2016. Playboy Barbershop will be moving with the sale of the building, but may be willing to sell some existing equipment to a new tenant or purchaser. This property offers an excellent opportunity for an investor seeking proven cash flow with significant upside potential as rents are increased over time. A unique combination of long-term tenants, multiple income streams, and future rental upside makes this a compelling investment opportunity. 4675 #1 Broadway = 2 Bedroom. 4675 #2 Broadway = 2 Bedrooms. 4675 #3 = 1 Bedroom. 4677 Broadway = Financial Planner. 4681 Broadway = Hair Salon. 4683 Broadway = Barbershop. The Schedule of Rents and Operating Income/Expenses are available upon request.
Property Features
Property Type: Commercial - Business
Heating: Baseboard, Other, Natural Gas, Hot Water, Forced Air, C
Lot Size: 0.20 Acres
Taxes: $5,788
Year Built: 1950
Amenities
Entrance Foyer
Lighting
Storage
Appliances
Water Heater
Feature Descriptions
Lot: Near Public Transit, Rectangular Lot
Parking Features: Detached, Garage Faces Side, On Street, Gravel, Off Street
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Water: Public
Local Schools
High School: West Side Leadership Academy
Elementary School: Glen Park Academy
School District: Gary
Listed By / Shown By
Listed By
Agency Name: Realty Executives Premier
Agency Phone: (219) 462-2224
Shown By
Agent Name: Sam Kingdon
Agent Phone: (317) 919-8241
Agency Title: Key Realty
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4683 Broadway | MLS# 846244
This commercial property located at 4683 Broadway , Gary, IN 46409 is currently listed for sale with an asking price of $399,900. Broadway is located within the Gary school district. Search Gary real estate on samkingdon.ikeyrealty.com today.