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500 E 5th Ave; Gary, IN Property Details

500 E 5th Ave, Gary, IN is a Department Store that was built in 1967. This property is currently a cash purchase and is not for sale. Our records show that 500 E 5th Ave has a total of 15,576 square feet. The lot size of 500 E 5th Ave is 28,140 square feet.

Off market
500 W 5th Ave #18 Gary, IN 46402
$261,400 Estimated Value
15,576 SqFt
Property Type
Department Store
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1967
  • Open Loans / Balance: 1 / $913,978
  • APN: 45-08-04-257-044.000-004
  • Situs County: Lake
  • Length Of Ownership: 20 years, 8 months

Structure

  • Building Style: Brick
  • Stories: 1
  • Exterior Wall Type: Brick
  • Building Condition: Average
  • Building Quality: C
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 15,576/SqFt
  • Lot: 28,140/SqFt
  • Gross: 15,576/SqFt
  • Living: 15,576/SqFt
  • Building: 15,576/SqFt
  • Ground: 15,576/SqFt

Legal Description

  • Description: GARY LAND COS 1ST SUB BLK 100 LOTS 4,5,6,7,8,9,10,11
Building Insights

Land Information

  • Property Type: Department Store
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Gary Community School Corporation
  • Lat / Lon: 41.602425 / -87.343796
  • Subdivision: Gary Land Cos 1st Sub
  • Property Class: Commercial
  • County Use Code: 422

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1804

Ownership Info

500 W 5th Ave #18 has no associated ownership info
500 W 5th Ave #18 has no associated ownership info.

Taxes

500 W 5th Ave #18 has 10 associated Taxes items

500 E 5th Ave, Gary, IN pays taxes in Lake County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $261,400. The APN we've located for 500 E 5th Ave is 45-08-04-257-044.000-004.

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Taxes
  • Assessed Value:  $261,400
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-04-257-044.000-004
  • Assessed Land Value:  28700
  • Market Land Value:  28700
  • Tax Amount:  7579.42
  • Tax Year:  2024
  • Market Value:  261400
  • Market Year:  2025

Tax History

500 W 5th Ave #18 has 14 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $261,400 Land Value $28,700 Improvement Value $232,700 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $199,900 Land Value $28,700 Improvement Value $171,200 Tax Amount $7,579.42 Change Rate -0.577154% Assessed CR Tax Rate +0.037916%
Year 2023 Assessed Value $203,300 Land Value $28,700 Improvement Value $174,600 Tax Amount $17,924.76 Change Rate +1.391741% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $7,494.44 Change Rate +0.063699% Assessed CR Tax Rate
Year 2021 Assessed Value $197,800 Land Value $28,700 Improvement Value $169,100 Tax Amount $7,045.64 Change Rate -0.595732% Assessed CR Tax Rate +0.03562%
Year 2020 Assessed Value $197,800 Land Value $28,700 Improvement Value $169,100 Tax Amount $17,428.16 Change Rate +1.742864% Assessed CR Tax Rate +0.08811%
Year 2019 Assessed Value $197,800 Land Value $28,700 Improvement Value $169,100 Tax Amount $6,354 Change Rate -0.037879% Assessed CR Tax Rate +0.032123%
Year 2018 Assessed Value $198,100 Land Value $28,700 Improvement Value $169,400 Tax Amount $6,604.16 Change Rate +0.054408% Assessed CR Tax Rate +0.033338%
Year 2017 Assessed Value $198,100 Land Value $28,700 Improvement Value $169,400 Tax Amount $6,263.38 Change Rate +0.08414% Assessed CR Tax Rate +0.031617%
Year 2016 Assessed Value $194,200 Land Value $20,600 Improvement Value $173,600 Tax Amount $5,777.28 Change Rate Assessed CR Tax Rate +0.029749%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $5,777.28 Change Rate -0.124708% Assessed CR Tax Rate
Year 2014 Assessed Value $197,600 Land Value $20,700 Improvement Value $176,900 Tax Amount $6,600.4 Change Rate Assessed CR Tax Rate +0.033403%
Year 2013 Assessed Value $183,600 Land Value $20,700 Improvement Value $162,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $5,961.58 Change Rate Assessed CR Tax Rate
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