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$200,000

Est. payment - /mo

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6 Beds

3 Baths

10,629 SqFt

Active

420 Adams ST Gary, IN 46402

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Christina Steele

christina@maptorealestate.com +1(574) 209-1010

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 • Dennis Nichols

NEARBY SCHOOL & BUSINESS

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