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4401-4451 W 5th ave - Tri City Plaza + Development Land 62.11 Acres of Commercial Land in Gary, IN 46406
INVESTMENT HIGHLIGHTS
- Ample Street Frontage
- Incentives available for redevelopment
- Proximity to Gary/Chicago International Airport
EXECUTIVE SUMMARY
The Jonna Group is pleased to present 4401-4451 W 5th Avenue. Gary, Indiana is emerging as a strategic location for real estate investment, particularly near the Gary/Chicago International Airport. The city is undergoing a significant transformation, driven by infrastructure upgrades and economic development initiatives that are positioning it as a key logistics and industrial hub in the Midwest.
Investors will also find a supportive environment in Gary, with a range of incentives designed to attract redevelopment. These include Tax Increment Financing districts, Opportunity Zones, Industrial Recovery Tax Credits, and Redevelopment Tax Abatements. The Indiana Economic Development Corporation actively supports projects that align with the state’s focus on infrastructure and logistics, offering additional resources and guidance.
Investors will also find a supportive environment in Gary, with a range of incentives designed to attract redevelopment. These include Tax Increment Financing districts, Opportunity Zones, Industrial Recovery Tax Credits, and Redevelopment Tax Abatements. The Indiana Economic Development Corporation actively supports projects that align with the state’s focus on infrastructure and logistics, offering additional resources and guidance.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 62.11 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Zoning | BGS - Business General Service | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 62.11 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | BGS - Business General Service |
1 LOT AVAILABLE
Lot
| Lot Size | 62.11 AC |
| Lot Size | 62.11 AC |
5 Parcels for sale including 3 vacant land, one hard corner, and one shopping center
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $102,200 | |
| Land Assessment | $343,400 | Total Assessment | $445,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$343,400
Improvements Assessment
$102,200
Total Assessment
$445,600
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4401-4451 W 5th ave - Tri City Plaza + Development Land
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