Listed by Marcus & Millichap - Chicago Oak Brook
$1,200,000
Northwest Indiana Self-Storage Development Site
Details
Property Type Self Storage, Land
Sub Type Commercial
Square Footage 81,585
Net Rentable (SqFt) 81,585
Units 661
Tenancy Vacant
Acreage 1.830
Self Storage | 661 Units
Marketing description
Marcus & Millichap is pleased to present 4610 W Ridge Road, a ground-up self-storage development opportunity in Gary, Indiana, featuring a proposed +/-81,585 RSF facility with approximately 661 units. Strategically positioned on the southern border of Gary and within the Northwest Indiana / Chicagoland corridor, the project is designed with a climate-controlled-focused unit mix and benefits from strong regional access, established residential density, and proximity to key employment drivers.
Investment highlights
- Ground-Up Self-Storage Development with plans for an approximately 81,585 RSF self-storage facility comprising +/-661 units, positioned to deliver an institutional-quality asset upon stabilization. Site will be permit-ready prior to closing
- Northwest Indiana / Chicagoland Connectivity - The property is located within the Greater Northwest Indiana market, offering proximity to Chicago's South Suburbs while benefiting from a lower-cost development and operating environment
- Recession-Resilient Asset Class - Self-storage continues to demonstrate durable cash flow performance across economic cycles, supported by life-event-driven demand and short-term leases
- Proximity to Dense Residential & Employment Base - Site benefits from surrounding residential neighborhoods, industrial employment centers, and logistics hubs, driving consistent demand from renters, homeowners, contractors, and small businesses
- Excellent Regional Access - Immediate access to I-80/I-94, I-65, and U.S. Route 6 provides strong connectivity to Chicago, Merrillville, Hammond, and regional employment and logistics hubs
- Compelling Supply-Demand Dynamics - Submarket characterized by aging storage inventory, limited new supply, and favorable barriers to entry, supporting long-term rent growth and stabilization potential
Listing Contacts
Listed by Marcus & Millichap - Chicago Oak Brook
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