2001 Broadway - Retail FOR SALE


Gary, IN 46407- Midtown Gary
$65,000 USD
317-431-6130
2001 Broadway, Gary, IN for Sale
$65,000 USD
Retail - FOR SALE
1/3
null | Request Cap Rate

2001 Broadway
Gary, IN 46407
Midtown Gary


HIGHLIGHTS

  • Outstanding visibility along SR-53 (Broadway) with ~29,000 AADT
  • 1.5 miles to I-80/94 (Exit 10) for fast regional access
  • Downtown Vision & Action Plan

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$65,000 USD

PRICE/SF

$17 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

45-08-10-355-001.000-004

ASK ABOUT THIS PROPERTY

Adriana GomezMcColly Bennett Commercial AdvantageMore Info
317-431-6130

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Adriana GomezMcColly Bennett Commercial AdvantageMore Info
317-431-6130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.