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Mixed-Use Property with Business Opportunity

1219 W 150th St, East Chicago, IN 46312

For Sale
$179,900

Mixed-use property featuring a store, apartments, and business potential.

Property SizeContact for details
Days on Market229

Property Features for 1219 W 150th St

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1910
Listing Agency: Coldwell Banker Realty
Listed By: Cookie Zeleznik · License IN #475087535
Source: Realtopiare
Added: Mar 27 Changed: Oct 26 Last Checked: Oct 7 at 4:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property presents an opportunity to live in one of the apartments while operating a store or business in the same building. Located on a corner lot, the property includes a storefront suitable for a convenience store with the potential for carry-out food service. The property features one unit in the front that serves as the store, one one-bedroom apartment (1-S), one two-bedroom apartment (2-N), and another one-bedroom apartment (2-S). A detached two-car garage, in need of repairs, and a fenced yard are also included. The full basement provides ample storage and equipment space. The roof has been recently repaired, and the plumbing and electric systems have been updated. The property's location on a well-traveled street offers exposure for a new business.

Key Highlights

  • Business and apartment opportunity: Live and work in the same building.
  • Convenient store space with potential for carry‑out food.
  • Multiple rental units: One 2‑bedroom and two 1‑bedroom apartments.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Michael's Supermarket Grocery & Convenience Store Byte Federal Bitcoin ... Crypto Atm

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Nail Salon Spa & Massage Center Kitchen & Bath Showroom

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

493
Businesses Nearby
62k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 66% Dining 33% Home Improvements & Furnishings 1%
Dollar Tree Shops & Services
19,045 visits/mo 0.5 miles
McDonald's Dining
18,998 visits/mo 0.5 miles
Citgo Shops & Services
7,653 visits/mo 0.5 miles
PNC Bank Shops & Services
6,152 visits/mo 0.5 miles
Dollar General Shops & Services
5,888 visits/mo 0.4 miles

Demographics for 46312, IN

26,370
Population
12,429
Households
2.1
Avg Household Size
33
Median Age
10%
College-Educated
74%
High-School Grad
14.0 sq mi
ZIP Area
1,884
Density / Sq Mi
$41,071
Median Household Income
$32,930
Median Earnings
$820
Median Rent
$92,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Mixed-use properties in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property featuring a store, apartments, and business potential.
Where is this mixed-use property located?
The property is located at 1219 W 150th St East Chicago, IN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Business and apartment opportunity: Live and work in the same building.; Convenient store space with potential for carry‑out food.; Multiple rental units: One 2‑bedroom and two 1‑bedroom apartments.
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