Corner Mixed-Use Investment — 20th & Broadway (Gary, IN)
Prominent signalized corner at 20th & Broadway with approx. 3,814 SF above grade (ground-floor retail + two second-floor apartments) plus ±1,889 SF basement—multiple income streams with clear value-add levers. Outstanding visibility along SR-53 (Broadway) with ~29,000 AADT and ~1.5 miles to I-80/94 (Exit 10) for fast regional access. Recent street-lighting upgrades enhance curb appeal and evening activity, positioning this corner for renewed demand.
Investment Highlights:
* Main-and-Main exposure with strong signage opportunities
* Mixed-use flexibility: retail + residential + storage/ops space
* Access: quick hop to I-80/94; heavy Broadway traffic counts
* Neighborhood upgrades: new lighting/streetscape improvements
Gary Redevelopment Tailwinds (Why Now):
* Downtown Vision & Action Plan (Notre Dame partnership): guiding a walkable, transit-oriented downtown revival
* Convention ecosystem: $100M Lake County convention center planned near the casino; RFI issued to redevelop the Genesis Convention Center
* Site readiness: $12M blight-elimination program making priority parcels shovel-ready
* Housing momentum: new single-family construction in the Aetna neighborhood—fresh rooftops and renewed confidence
* Economic focus: coordinated push to attract talent, investment, and sustained job growth
Suite Breakdown:
* 1st Floor (Retail): ±1,889 SF
* 2nd Floor (Residential): ±1,925 SF (two apartments)
* Basement (Storage/Operations): ±1,889 SF
*A visible corner with multiple income streams and strong macro tailwinds—well-suited for an owner-operator or investor seeking stabilization and upside.