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Subway 3910 W 5th Ave 2,000 SF of Flex Space Available in Gary, IN 46406
Highlights
- Freestanding 2,066 SF building with existing restaurant setup
- 0.41-acre site with dedicated parking in a high-visibility corridor
- $2,500/month ($14.50/SF/YR) – strong value for a standalone property
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | Negotiable | $19.94 CAD/SF/YR $1.66 CAD/SF/MO $39,875 CAD/YR $3,323 CAD/MO | Triple Net (NNN) |
1st Floor
2,066 SF freestanding building Former fast food restaurant – ideal for restaurant or retail reuse $2,500/month ($14.50/SF/YR) Situated on approximately 0.41 acres Large paved parking area (~8,200 SF) for customers and staff Built in 2012 – newer construction relative to market Open layout with existing restaurant infrastructure potential Strong frontage and visibility along W 5th Ave Easy access to surrounding residential neighborhoods and main corridors
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Subway
- Tenant
- Description
- US Locations
- Reach
- 5th Avenue Subs Inc
- Retailer
- 1
- -
| Tenant | Description | US Locations | Reach |
| 5th Avenue Subs Inc | Retailer | 1 | - |
Property Facts
| Total Space Available | 2,000 SF | Gross Leasable Area | 2,046 SF |
| Property Type | Retail | Year Built | 1963 |
| Property Subtype | Fast Food |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 2,046 SF |
| Year Built | 1963 |
About the Property
Freestanding commercial opportunity located along W 5th Avenue in Gary, Indiana, offering strong visibility and accessibility in a well-traveled corridor. This 2,066 SF building, constructed in 2012, was previously operated as a fast food restaurant and is well-suited for continued restaurant use or conversion to retail, office, or service-based business. The property sits on approximately 0.41 acres and features a large paved parking area, providing convenient access for customers and delivery traffic. With utilities already in place and an efficient layout, the space offers a functional setup for a variety of users. Offered at $2,500 per month ($14.50/SF/YR), this is an attractive opportunity for an owner-user or tenant seeking an affordable standalone building with built-in infrastructure and long-term upside in Northwest Indiana.
Presented by
1st Metro Realty
Subway | 3910 W 5th Ave
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