60+ Acre Redevelopment Site

4401 W 5th Ave Gary, IN 46406

Gary
FOR SALE
Property Type:
Other Land
Amount:
Please Call Broker for Price

Last Verified:
Jul 10, 2025

Daily Email Blast
0 times


Highlights

  • Permitted Zoning Uses: Industrial Park, Logistics Hub, or Mixed-Use Redevelopment
  • Within Opportunity Zone: Qualified Investors May Benefit from Tax Breaks
  • Development Incentives Available: Access to a Range of Local, State, & Federal Programs Supporting Investments in Gary, IN
  • Located Near the Gary/Chicago International Airport
  • Just 25 Miles from Downtown Chicago
  • Direct Access to Major Highways, Including I-90 and I-94
  • Strong Municipal Backing from the Indiana Economic Development Corporation

Description

An exceptional investment opportunity in Gary, IN, offering flexible development potential for an Industrial Park, Logistics Hub, or Mixed-Use Redevelopment. Located within a designated Opportunity Zone, the property presents attractive tax incentives for qualified investors.

Its strategic location near the Gary/Chicago International Airport, with direct highway access and strong municipal support, makes it an ideal asset for land and retail investors seeking long-term value in a rapidly evolving market.

Gary, IN is a dynamic city with a rich history and a diverse array of cultural attractions. Located in the heart of the Midwest, Gary offers a unique blend of urban amenities and natural beauty. The city is known for its vibrant arts and music scene, as well as its proximity to the scenic shores of Lake Michigan. Its strategic location, just a short drive from Chicago, provides access to a wide range of opportunities for commerce and leisure, making Gary an exciting and promising city for investment and growth.


Year Built: 1955
Building Size: 160747sq ft
Building Class: C
Lot Size: 60.0 acres


Documents

Tri-City Plaza - 4401-4451 W 5th Ave, Gary, IN (OM).pdf

Map of 4401 W 5th Ave, Gary, IN, 46406

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.