Excellent location (+/-) 2.6 acres with frontage on US 20, across the street from the commuter train station. Surrounding properties are improved allowing access to utilities. National & Local business, residential surrounding area. Vacant land sitting in the heart of the Miller Beach, Lake Michigan access, redevelopment corridor. Surrounded by commercial and residential properties.
Aetna, located between I-90 (Indiana Toll Road) and the Lake Michigan shoreline, is a residential and industrial Gary neighborhood with rail corridors and big-sky lakefront edges. The neighborhood’s character concentrates around the Broadway corridor near 5th Avenue, where storefront blocks, civic buildings, and long sightlines set a classic Northwest Indiana streetscape. Housing reads as early-to-mid-century, with compact lots and practical brick-and-frame forms. The nearby lakefront and dunes geography shapes the horizon and weekend rhythms. Cultural gravity pulls toward downtown venues and the shoreline parks rather than a single retail strip.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Interior features
Vacant
Exterior features
Public water available
Public sewer available
Electricity available
Natural gas available
Home design
Property listed as a single lot
Construction
Lot size and boundaries per assessor
Utilities
Public water
Public sewer
Electric service available
Natural gas available
Sale and tax history for 5601 Melton Rd
Sale History
Tax History
Date
Event
Price
NIRA MLS as Distributed by MLS Grid #842821
Jul 23, 2026
Listed
$189,000
Public Records
Oct 31, 2019
Sold
$14,725
Year
Property tax
Land + Additions
Assessment*
2024
$54,265 (−74.7%)
$111,200 + $2,052,200
$2,163,400
2023
$214,907 (+653.0%)
$111,200 + $8,377,300
$8,488,500
2022
$28,541
$106,000 + $1,008,000
$1,114,000
2021
$28,541
$106,000 + $1,008,000
$1,114,000
2020
$28,541 (+25.7%)
$106,000 + $1,008,000
$1,114,000
2019
$22,700 (−5.6%)
$106,000 + $1,008,000
$1,114,000
2018
$24,056 (−1.8%)
$106,000 + $1,008,000
$1,114,000
2017
$24,502 (+1.4%)
$106,000 + $1,008,000
$1,114,000
2016
$24,163 (+2.9%)
$106,000 + $1,008,000
$1,114,000
2015
$23,480 (−64.3%)
$106,000 + $1,008,000
$1,114,000
2013
$65,751
$106,000 + $1,008,000
$1,114,000
Public record
Beds
—
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
3.12 Acres
Year renovated
2010
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
104,328
Year built
2010
Style
Multi-Family (5+ Unit)
County
Lake County
APN
450906452002000004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
14% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Gary, IN • 46403
Average low and high temperatures (°F)
30
17
38
23
54
35
61
43
66
49
79
63
84
69
80
64
77
59
67
49
51
38
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
76/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5601 Melton Rd
$185,204
$3,796 under list price of $189K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $185K to $260K.