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Transit-Oriented Commercial Land
For Sale
$210,400

614 S Lake Street, Gary, IN 46403

Commercial Sale, Gary, IN

Property Size5,600 SF
Lot Size0.07 Acres
Price / SF$37.57
Days on Market221

Property Features for 614 S Lake Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Mixed Use
Rooms Basement
Parking features Alley, On Street
Interior features Entrance Foyer
Basement Storage Space
Subdivision Meyers Add
Lot features Near Public Transit
View City
Directions From route 12 /20 and Lake Street, Proceed North on Lake Street to Business on the left. 600 - 610 Lake Street, Vogue Cleaners. Parking on east side of street or parking lot on Northwest corner of 6th and Lake Street.
Standard status Active
APN 450906403017000004
Size 5,600 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description MEYERS ADD. ALL LOT 4
Tax Annual Amount 2140
Legal Description MEYERS ADD. ALL LOT 4

Utilities

Utilities Water Available
Sewer type Public Sewer
Water source Public

Building Details

Year built 1953
Listing Agency: McColly Real Estate
Listed By: Alan Harrell · License #RB14052205
Added: Jan 18 Changed: Aug 19 Last Checked: Aug 27 at 9:06AM
MLS# 832968

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Located at 614 S Lake Street in Gary, Indiana, this 0.074-acre commercial land parcel contains 5,600 square feet and is positioned within a Transit-Oriented Development (TOD) Zone. Water is available, with public water and public sewer identified for the property.

The parcel is near the South Shore Line Train Station, the Miller Beach Business District, Lake Street Beach, Indiana Dunes National Park, and lakefront trails. Access includes an alley and on-street parking. Its location places the property within the Miller Beach area and close to commercial, recreational, and transit-related destinations.

Key Highlights

  • 0.074‑acre commercial land parcel with 5,600 square feet
  • Located within a Transit‑Oriented Development (TOD) Zone
  • 614 S Lake Street, Gary, IN 46403

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office Auto Repair Shop Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

386
Businesses Nearby
34k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 53% Shops & Services 47%
McDonald's Dining
15,472 visits/mo 0.2 miles
Dollar General Shops & Services
5,958 visits/mo 0.3 miles
Citgo Shops & Services
5,453 visits/mo 0.5 miles
SUBWAY Dining
2,742 visits/mo 0.2 miles
Chase Bank Shops & Services
1,633 visits/mo 0.1 miles

Demographics for 46403, IN

11,649
Population
6,317
Households
1.8
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,280
Density / Sq Mi
$44,114
Median Household Income
$37,569
Median Earnings
$939
Median Rent
$154,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercial parcel with TOD zoning, public utilities, and access to alley and on-street parking.
Where is this commercial land located?
The property is located at 614 S Lake Street Gary, IN.
What is the asking price?
The asking price for this property is $210,400.
What are key features of this property?
This property features: 0.074‑acre commercial land parcel with 5,600 square feet; Located within a Transit‑Oriented Development (TOD) Zone; 614 S Lake Street, Gary, IN 46403
More about this property
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