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    Lake Station, IN

    Lake Station, IN Commercial Real Estate for Sale

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    140 properties
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    Industrial Building with Showroom
    Updated: Apr 8
    Industrial Building with Showroom

    5200 Cleveland Street, Gary, IN 46410

    $1,400,000
    12,400 sqft 2.15 AC lot
    Excellent location near I‑80/94, US‑20, and I‑65 providing easy access throughout Northwest Indiana and the greater Chicagoland area.
    12,400 SF industrial building on a fully fenced 2.15‑acre lot, offering secure outdoor space.
    Includes a front showroom and office area with strong street visibility.
    Warehouse space with three 14’ drive‑in doors and 28’ peak ceiling height.
    Newer roof (approximately 5 years old) and brand‑new electronic sign.
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    This listing looks promising.

    Here's a quick look at some key insights for

    5200 Cleveland Street, Gary, IN 46410

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $119K
      Annual

    • Price @ 7% Cap

      $1.71M
      Above asking

    • Property Type

      Auto Repair, Garage
      Built 1969
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    Mechanic Shop with Vehicle Lifts
    Updated: Jul 6
    Mechanic Shop with Vehicle Lifts

    2400 W Ridge Road, Gary, IN 46408

    $440,000
    5,832 sqft 0.32 AC lot
    5,000+ sq. ft. commercial building at 2400 W. Ridge Road in Gary, IN
    Mechanic’s shop setup includes 3 vehicle lifts and expansive open work areas
    New roof with new sheeting plus updated electrical panels
    Includes office space, dedicated tool room, parts storage, and massive industrial shelving
    Yard space for vehicle storage, equipment, outdoor inventory, or additional parking (private yard)
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    Automotive Service Building
    Automotive Service Building

    2563 W 11th Avenue, Gary, IN 46404

    $350,000
    7,200 sqft 0.29 AC lot

    Automotive facility with seven service bays, private offices, and a large paved rear lot with multiple overhead doors.

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    Automotive Shop with Five Bays
    Automotive Shop with Five Bays

    2000 W Ridge Road, Gary, IN 46408

    $189,900
    3,088 sqft 0.24 AC lot

    Automotive shop with five bays, office and waiting area, plus two restrooms, offered with an adjacent lot.

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    Historic Retail and Service Building
    Historic Retail and Service Building

    4007 Broadway, Gary, IN 46409

    $175,000
    2,160 sqft 0.17 AC lot

    Retail building with prior dry-cleaners/tailors use and commercial zoning near I-80/94 and Indiana University Northwest.

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    Two-Story Office Building with On-Site Parking
    Two-Story Office Building with On-Site Parking

    8420 Indiana Street, Merrillville, IN 46410

    $1,420,000
    9,240 sqft 0.83 AC lot

    Fully updated two-story office building with 9,240 SF, 32 on-site spaces, and multiple upgrades for investor or occupant use.

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    Mechanic Shop with Paint Booth
    Mechanic Shop with Paint Booth

    1134 Virginia Street, Gary, IN 46407

    $195,000
    4,560 sqft 0.17 AC lot

    Auto repair setup with office space and installed car lifts, suited for industrial automotive uses.

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    Retail Strip Center with Drive-Thru
    Retail Strip Center with Drive-Thru

    399 E 81st Ave, Merrillville, IN 46410

    $6,270,000
    18,215 sqft 1.64 AC lot

    Fee-simple retail strip center anchored by Panera Bread with a dedicated drive-thru at a high-traffic intersection.

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    Lakefront Retail Development Parcel
    Lakefront Retail Development Parcel

    614 S Lake Street, Gary, IN 46403

    $210,400
    5,600 sqft 0.07 AC lot

    Commercial land parcel for sale in Miller Beach with area details including lot size and square footage.

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    M-1 Light Industrial Land Site
    M-1 Light Industrial Land Site

    2450 W Ridge Road, Gary, IN 46408

    $189,900
    500 sqft 0.47 AC lot

    Light manufacturing zoned site on a high-visibility corridor with eight city lots and included office and storage items.

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    Medical Office Condos
    Medical Office Condos

    270-280 E 90th Dr, Merrillville, IN 46410

    $1,490,000
    10,000 sqft

    Three medical office condos are available in a 1989 C3-zoned building with flexible layouts and ample parking.

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    Turn-Key Tavern with Patio
    Turn-Key Tavern with Patio

    4489 Broadway, Gary, IN 46409

    $205,000
    1,270 sqft 0.13 AC lot

    Turn-key tavern for sale with seating, outdoor patio space, a small kitchen, and 20 onsite parking spaces.

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    Turn-Key Bar and Restaurant
    Turn-Key Bar and Restaurant

    2808 Dekalb Street, Lake Station, IN 46405

    $200,000
    3,894 sqft 0.22 AC lot

    Turn-key bar and restaurant sale includes gaming, tobacco, and liquor licenses plus kitchen and bar equipment.

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    Automotive Shop with Office
    Automotive Shop with Office

    2000 W Ridge Rd, Gary, IN 46408

    $189,900
    3,088 sqft

    Mixed-use zoned automotive shop features five bays, office and waiting area, plus restrooms and an included adjacent lot.

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    Flex Office and Heated Garage
    Flex Office and Heated Garage

    8213 Clay Street, Merrillville, IN 46410

    $239,900
    1,550 sqft 0.46 AC lot

    Two-building setup with a renovated office and fully heated garage for storage, shipping, or fleet parking.

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    Flexible Warehouse and Flex Space
    Flexible Warehouse and Flex Space

    2535 Garfield Street, Gary, IN 46404

    $650,000
    9,360 sqft 1.13 AC lot

    Versatile 9,360 SF building with an open, adaptable layout for office, retail, warehouse, or service operations.

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    Broadway Storefront Commercial Building
    Broadway Storefront Commercial Building

    4007 Broadway, Gary, IN 46409

    $175,000
    2,160 sqft 7,300.00 AC lot

    1920s-era commercial building on Broadway with storefront configuration and zoning for commercial uses.

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    Commercial Space Near Miller Beach
    Commercial Space Near Miller Beach

    912-18 Aetna Street, Gary, IN 46403

    $50,000
    2,003 sqft 0.09 AC lot

    Affordable commercial space near Miller Beach and South Shore station.

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    Commercial Development Land Site
    Commercial Development Land Site

    1290 Ripley Street, Lake Station, IN 46405

    $1,400,000
    251,341 sqft

    Commercial lot just off Route 51 near I-80/94, positioned for strong daily passing traffic.

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    Office Building with Reception Area
    Office Building with Reception Area

    3799 Central Avenue, Lake Station, IN 46405

    $89,900
    742 sqft 0.07 AC lot

    Office building includes a spacious reception area and three private offices or conference rooms, plus ample parking.

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    Updated Two-Story Office Building
    Updated Two-Story Office Building

    8420 Indiana St, Merrillville, IN 46410

    $1,420,000
    9,240 sqft

    Fully updated two-story office building with long-term tenancy, on-site parking, and recent HVAC and interior upgrades.

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    Commercial Building with Unfinished Basement
    Commercial Building with Unfinished Basement

    2524-34 W 11th Avenue, Gary, IN 46404

    $241,700
    8,608 sqft 0.59 AC lot

    Commercial building with main-level space plus an unfinished basement offering room for storage or future build-out.

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    Automotive Service Building
    Automotive Service Building

    2563 W 11th Avenue, Gary, IN 46404

    Contact for pricing
    7,000 sqft

    Multi-bay automotive building includes service bays, an automotive lift, and multiple overhead doors with a paved rear lot.

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    Commercial Specialty Building
    Commercial Specialty Building

    2553 W 11th Avenue, Gary, IN 46404

    $59,000
    800 sqft 0.14 AC lot

    Single building on a busy street in Gary, IN, offered for sale and sized at 800 sq. ft.

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    Lake Station, IN Commercial Real Estate Market Trends and Statistics

    Explore 140 commercial real estate for sale in Lake Station, IN, showcased through 140 active listings on our real estate platform. These investment opportunities span a total of 1,464,329 square feet of properties for sale, with an estimated market value of $27,501,600.

    Sale prices for business properties in Lake Station, IN start at $35,000, averaging $466,128, and reaching up to $6,270,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 12K
    Population Growth (5Y) +0.5%
    Median Household Income $57,005
    College Educated 13.0%

    High-Yield Neighborhoods for Investment

    Identify Lake Station submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46405 $130.8K

    Taxes & Financing

    Tax Rate (average for all types) 4.46%
    Property Tax per SF $72.47 per SF
    Tax Rate vs County Average 1.39 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lake County

    Retail

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    Most Searched ZIP Codes in Lake Station, IN

    • 46410
    • 46408
    • 46404
    • 46405
    • 46403
    • 46409
    • 46402
    • 46407
    • 46406

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