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    741 N Lake St Gary, IN 46403

    For Sale
    $175,000

    Unimproved Land - Gary, IN

    Type:Unimproved Land
    Lot size:
    0.11 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 6 at 1:06 pm

    Property Features for 741 N Lake St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    450531253001000004
    Exterior features
    Paved
    Lot size
    0.11 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Diana Smoot (219) 763-4565 License #RB14015673

    Listing date Nov 26, 2025

    MLS# 831265 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

    Lake Michigan View Lot

    This 0.1148-acre lot offers an opportunity for residential or multi-family development. The property is located alongside the Indiana Dunes National Park in Miller Beach. The location provides access to the South Shore train to Chicago, local shops, dining, art galleries, and a neighborhood brewery. Nearby hiking trails and beach access are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Hair Salon Hotel & Motel Food Market HVAC Service Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.26839
    Latitude
    41.617201

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    FAQs

    What type of property is this?
    Land - Residential or multi-family development lot near Indiana Dunes National Park.
    Where is this land located?
    The property is located at 741 N Lake St Gary, IN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Lake Michigan view lot; - Zoned for residential or multi-family development; - Adjacent to Indiana Dunes National Park
    (219) 763-4565
    Request Owner's contact information
    741 N Lake St Gary, IN 46403
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    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
    741 N Lake St Gary, IN 46403
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