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Property profile & analytics
OFF-MARKET
Land

1616-20 Broadway St Gary, IN 46312

0.17 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.167-acre commercial land parcel is strategically located at 1616-20 Broadway St, East Chicago, IN 46312. Situated in Lake County, this property presents a unique opportunity for entrepreneurs and investors alike. The asking price is $30,000. The lot's prime corner location offers excellent visibility and accessibility. The area is experiencing significant urban renewal, providing a dynamic environment for new businesses. Existing city amenities, paved roads, and proximity to major highways ensure convenient transportation and infrastructure. The location also boasts the added benefit of being near Lake Michigan Duneland Parks, offering recreational opportunities and a desirable quality of life. Furthermore, the property's proximity to Chicagoland, Illinois, provides easy access to a larger metropolitan area and its resources. This is a rare chance to establish a business in a thriving and rapidly developing area. The property is zoned for commercial use (verification of zoning with local authorities is recommended). Don't miss this chance to capitalize on the growth potential of East Chicago.

Property profile
Verified
Property type Land
Lot 0.17 ac (7,275 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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