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$ 200,000
Est. payment /mo
Active
420 Adams ST Gary, IN 46402
6 Beds
3 Baths
10,629 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 10,629 sqft
Price per Sqft $18
Subdivision Gary Land Companys 01
MLS Listing ID 824001
Bedrooms 6
Full Baths 3
Year Built 1915
Annual Tax Amount $2,201
Tax Year 2023
Lot Size 10,628 Sqft
Acres 0.244
Property Sub-Type Triplex
Property Description
Prime Downtown Gary Development OpportunityMore than just a parcel--this is a chance to be part of the bold next chapter in the City of Gary Indiana's comeback story that's already being written.This 10,000+ square foot lot, improved with an older brownstone triplex, is ideally located within walking distance of the planned revitalization of the South Shore Line Train Station--an anchor in the city's evolving transportation and redevelopment plans. Property is located within a designated Transit-Oriented Development (TOD) district--a key area identified in the 2023 Northwest Indiana TDD Strategic Implementation Plan.The site sits at the crossroads of public investment, regional strategy, and untapped potential. Looking for high-density housing or mixed-use development, this property is tailor-made for a project that aligns with Gary's long-term vision for smart growth and sustainable urban renewal.Yes, the aging triplex on the land needs a complete rehab before leasing units--but the real value isn't what stands today. It's what could rise tomorrow.This is a rare opportunity to create something transformative: a development that breathes new life into the block, builds community, and reflects the spirit of a city rebuilding with purpose. The vision is in motion. The framework is set. All that's needed now is the right developer--someone who sees more than a structure... someone who sees possibility.Gary is not just rebuilding structures--it's rebuilding trust, pride, and momentum. This is your opportunity to make a lasting impact. A statement project. A partnership with purpose. A stake in one of the Midwest's most compelling urban renewal stories.Property being sold As-Is, Where-Is
Location
State IN
County Lake
Interior
Interior Features None
Heating None
Fireplace N
Appliance None
Exterior
Exterior Feature Balcony
View Y/N true
View true
Building
Lot Description Rectangular Lot
Story Two
Others
Tax ID 450804281017000004
SqFt Source Assessor
Acceptable Financing NRA20250710181018745190000000
Listing Terms NRA20250710181018745190000000
Pets Allowed No
Listed by Weichert, Realtors-Moke Agency
