Property Summary
5800 Grant Street, Gary, Indiana is a commercial property located on Grant Street, a primary urban corridor in the city of Gary. The property is situated within Gary’s mixed commercial and service retail environment, with surrounding uses including retail, services, and residential neighborhoods.
Investment Overview
This asset represents a potential commercial investment opportunity. Use type, occupancy status, and lease information should be confirmed with the Lake County Assessor’s office, local tax records, and tenant documentation. The property may be positioned for redevelopment, owner-use, or lease-up depending on zoning and highest and best use.
Location and Market
5800 Grant Street is located on one of Gary’s key commercial arterials, connecting local traffic with broader regional access. The corridor supports a variety of retail, service, institutional, and convenience uses that benefit from local daily demand and commuter traffic. The location provides direct access to nearby residential neighborhoods and proximity to other commercial uses.
Regional Context
Gary is a city in Lake County, Indiana with a diverse commercial and industrial base, historically linked to manufacturing and regional transportation networks. The area surrounding Grant Street includes a mix of legacy retail, service businesses, and evolving commercial activity. The city’s population and nearby employment centers support demand for goods and services along major thoroughfares like Grant Street.
Investment Highlights
Properties along Grant Street benefit from established visibility and access within the urban core of Gary. The corridor’s mixed-use character supports daily customer demand and community services. Opportunities may exist for repositioning, lease-up, or redevelopment depending on the current building condition and market demand.
Key Considerations
Confirm building specifics including square footage, year built, structural condition, and site configuration. Validate current occupancy status, lease terms, rental income (if applicable), and tenant obligations. Verify zoning designation and allowable uses through the City of Gary planning authority. Obtain market comparables, current traffic counts, and demographic data to support valuation and underwriting.
Next Steps for Listing Completion
Input detailed building and site data, including parcel ID, assessor valuation, site area, and building size. Confirm lease data including current occupant, rent, lease term, and escalations. Add recent on-site photography of the building and site, along with floor plans if available. Provide traffic counts and radius demographic reports to support investment analysis.