1616-20 Broadway St Gary, IN 46312
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.