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
