Redevelopment Opportunity – Flexible Lease | 529 E 5th Ave, Gary, IN ?? Property Overview: Bring your vision to life in this open, all-brick building located just minutes from downtown Gary and Indiana University Northwest. The property needs a complete renovation, but offers flexible space and strong upside for an experienced tenant, operator, or developer ready to build it out. Ownership is open to creative lease structures — including tenant improvement credits, phased rent, or long-term lease incentives for qualified tenants who invest in renovations. Located within Gary’s active redevelopment corridor, this site is surrounded by new investments, city façade-grant programs, and local business support initiatives. ?? Property Highlights: Address: 529 E 5th Ave, Gary, IN Building Size: Approx. 7,000 SF total East section: 48.59’ x 79’ West section: 46’ x 73’ Condition: Full renovation required (roof, windows, doors, exterior) Layout: Open floor plan – can be divided or combined Zoning: Commercial Potential Uses: Restaurant, retail, office, studio, event space, or mixed-use Incentives: Eligible for City of Gary façade grant and redevelopment programs Access: High visibility along 5th Ave near Broadway, easy access to I-90 and I-65 ?? Lease Details: Type: Build-to-Suit / Tenant Improvement Lease Term: Flexible (Short or Long-Term Options) Rent: Negotiable based on build-out scope and term Availability: Immediate ?? Ideal For: ? Restaurant or bar operators ? Retail or professional office users ? Contractors / small developers ? Community service or educational organizations