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    2401 Central Ave Lake Station, IN 46405

    For Sale
    $467,000

    Mixed Use - Lake Station, IN

    Type:Mixed Use
    Property size:
    4,325 SF
    Lot size:
    0.11 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 2401 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    450917327005000021
    Parking features
    Garage
    Size
    4,325 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1946
    Architectural style
    Other

    McColly Real Estate (219) 864-7200 [email protected]

    Listing agent Estela Lopez (219) 322-5508 License #RB14046939

    Listing date Nov 14, 2025

    MLS# 828536 Listing URL

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Property For Sale

    This mixed-use commercial property is currently configured as a restaurant, featuring both indoor and outdoor dining areas. It includes a spacious warehouse with a 12-foot overhead door, suitable for deliveries, storage, or expansion. Additionally, the property has a one-bedroom apartment that can provide rental income. Ample parking is available, with dual access from Central Avenue and Fairview, facilitating ease of entry and exit. The property is located in Lake Station, Indiana, and offers convenient access to I-80/94, I-90, and I-65. The lot size is 0.109 acres and the building size is 4,325 square feet. This location offers outstanding visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Las Catrinas Authentic ... Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Station
    County
    Lake
    State
    Indiana
    Longitude
    -87.254561
    Latitude
    41.57163

    Nearby Similar for Sale

    • $200,000
      3,894 SF

      Turn-Key Pub and Grub Business

      Profitable pub and grub with licenses and living quarters.
      2808 Dekalb St, Lake Station, IN 46405
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    • $723,172
      10,920 SF

      Lake Station Retail Opportunity

      Retail property for sale in Lake Station, Indiana.
      2626 Central Ave, Lake Station, IN 46405
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    • $550,000
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      Turnkey Restaurant with Liquor License

      Fully equipped, remodeled restaurant with a 3-way liquor license.
      3634 Central Ave, Lake Station, IN 46405
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    FAQs

    What type of property is this?
    Restaurant - Mixed-use property with restaurant, warehouse, and apartment near major highways.
    Where is this restaurant located?
    The property is located at 2401 Central Ave Lake Station, IN.
    What is the asking price?
    The asking price for this property is $467,000.
    What are key features of this property?
    This property features: - High-traffic location with excellent visibility and accessibility.; - Dual access from Central Ave and Fairview with ample parking.; - Restaurant setup with indoor and outdoor dining areas.
    (219) 322-5508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2401 Central Ave Lake Station, IN 46405
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