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    563 S Lake St Gary, IN 46403

    For Sale
    $285,000

    Office - Gary, IN

    Type:Office
    Property size:
    1,950 SF
    Lot size:
    0.07 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 563 S Lake St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security Lighting, Security System, Smoke Detector(s)
    Rooms
    Basement
    APN
    450906404008000004
    Parking features
    Off Street, On Street, Paved or Surfaced
    Interior features
    High Ceilings, Recessed Lighting
    Exterior features
    Lighting, Rain Gutters, Security Lights
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer
    Size
    1,950 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1939
    Architectural style
    Other

    Ennis, Moore & Associates, Inc. (219) 962-7538 [email protected]

    Listing agent Melody Neagu (219) 962-7538 License #RB14025414

    Listing date Nov 17, 2025

    MLS# 828524 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

    Renovated Office Building in Miller Beach

    Located in the heart of the Lake Street business district in downtown Miller Beach, this commercial building offers a state-of-the-art design. The recently renovated solid masonry building, updated by a Chicago interior architectural firm, features abundant natural light and flexible office configurations. Currently configured as a modern office suite, it includes a reception area, private office, semi-private work stations, a central conference room with a custom quartz table, sound-absorbing acoustic ceiling cloud, sit/stand desks, ergonomic chairs, integrated filing systems, Wi-Fi, LED lighting, an alarm system, and a kitchenette with German cabinetry and a built-in drawer refrigerator. Office supplies may be included. The building comprises three separate suites that can be leased individually or combined for a single-user layout. Potential uses include a law office, real estate office, or medical practice. The meticulously maintained building features poured concrete floors supported by precast joists and a full-height dry basement with ample storage. HVAC equipment includes an ERV (energy recovery ventilator). Situated on a 0.072-acre lot, the 1950 square foot property is located within steps of the South Shore train station, with easy access to major highways and the toll road. The surrounding area offers restaurants, shops, art exhibits, theaters, beaches, and the Indiana Dunes National Lakeshore.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CDM Smith Inc. Engineering Consultant Lee Companies Construction Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.267124
    Latitude
    41.600475

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    FAQs

    What type of property is this?
    Office building - State-of-the-art office building in the heart of Miller Beach.
    Where is this office building located?
    The property is located at 563 S Lake St Gary, IN.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - State-of-the-art commercial building in the heart of Lake Street's business district in downtown Miller Beach.; - Recently renovated by a top Chicago interior architectural firm with sleek design, abundant natural light, and flexible office configurations.; - Three separate suites that can be leased individually or combined.
    (219) 962-7538
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    563 S Lake St Gary, IN 46403
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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
    563 S Lake St Gary, IN 46403
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