1501 Madison St, #07, Gary, IN 46407 Property Records

Lake County property record for 1501 Madison St, #07, Gary, IN 46407 · Last verified March 2026

Property Highlights

Property Type	Commercial > Retail
Year Built	Built 1961
Square Footage	5,360 sqft Total Area
Lot Size	6,055 sqft (0.139 acres)
Occupancy	Owner Occupied
Tax Bill	$5,524.00 (2024)

Property Details

APN / Parcel Number

Primary APN	`001-25-42-0079-0006`
Alternative APNs	`45-08-09-279-006.000-004` `254200790006`

Interior

Building Area	5,360 sqft Total Area
Stories	2 Stories

Exterior

Year Built	Built 1961
Exterior Material	Concrete Block/Stucco Exterior
Construction Type	Wood Construction
Fire Resistance Class	Buildings having wood or wood and steel frames.
Lot Area	6,055 sqft (0.139 acres)
Depth X Width	121 ft x 50 ft Depth x Width

Utilities and HVAC

Sewage	Sewage Connected
Water Source	Yes (Unknown Type) Water Source

Location & Zoning

Account Number	001-25-42-0079-0006
Old Parcel Number	254200790006
Street Address	1501 MADISON ST # 07, 07
City	GARY
State	IN
Zip	46407-2029
Property Usage	Commercial Property Usage
Type	Commercial > Retail
Legal Description	C.T.L. & L. CO'S 3RD ADD. ALL LOTS 14 & 15 BL. 12 & S.1/2 VAC. 15TH AVE. ADJ.LOT 14 & W.1/2 VAC. ALLEY ADJ. LOTS
Legal Subdivision	CTL &
Legal Block	12
Legal Lot Number	14,15 15
Jurisdiction	LAKE IN
Minor Civil Division	CALUMET
Census Blockgroup	1
Census Block	1003
Census Tract	11700

Owner

Source: Lake County records · APN 001-25-42-0079-0006

Assessment roll updated July 1, 2025 · Last verified March 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	839 MASSACHUSETTS ST # A, A, GARY, IN 46402-2524
Occupancy	Owner Occupied
Owner Type	Owner is a Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Jun 05, 1998
Deed Sale	Jun 05, 1998
Record Refreshed	Jun 08, 2026

Tax Assessment & Valuation

Source: Lake County records · Assessment roll updated July 1, 2025 · Last verified March 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Lake County
County Subdivision	Calumet Township
Municipality	Gary City
Unified School District	Gary Community School Corporation (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$13,300 (-5.67%) Land $6,200 Building $7,100	$13,300 (-5.67%) Land $6,200 Building $7,100
2024	$5,524.00 (-89.2%)
2023		$14,100 (-1.4%) Land $6,200 Building $7,900	$14,100 (-1.4%) Land $6,200 Building $7,900
2022	$51,152.00 Additional exemption filed	$14,300 Land $6,100 Building $8,200	$14,300 Land $6,100 Building $8,200

Flood & Wildfire

1501 Madison St, #07 is in FEMA Zone X, outside the Special Flood Hazard Area, with no wildfire exposure.

Flood

Source: FEMA National Flood Hazard Layer · Lake County (18089C), updated October 16, 2024

FEMA Flood Zone	Zone X minimal flood hazard · outside the 0.2% annual chance floodplain
Special Flood Hazard Area	No

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities · 2nd edition (2024), fuels as of 2020

Wildfire Risk to Homes	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach of burnable land

Values are read at the parcel center point; lenders make the official flood determination.