420 Adams Street new Save Request In-Person Tour Request Virtual Tour
Gary,IN 46402
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,738 sqft
Price per Sqft $53
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
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.
Location
State IN
County Lake
Interior
Heating None
Cooling None
Exterior
Exterior Feature Balcony
Parking Features Gravel,On Street,Off Street
Utilities Available None
Building
Lot Description Rectangular Lot
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional