2626 Central Ave, Lake Station, IN 46405

Building Details

Year Built

2001

Listing office Exclusive Realty s***@exclusive-realty.com Show Phone

Listing date Jun 25, 2026

Source Exclusive-realty

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Overview

This offering includes a meticulously maintained Family Dollar store operating under an NN lease, alongside an additional 0.79 acres of vacant land. The property is supported by recent capital improvements, including new HVAC units installed in 2020 and a newly paved parking lot completed in 2022. Family Dollar also completed H2 renovations in 2022, bringing the store up to the desired present store format.

The site is positioned to serve neighborhood retail needs with convenient access and high visibility, supporting consistent customer flow. The combination of the occupied store and the separately held vacant land creates a single ownership opportunity for tenants, owners, or investors considering future expansion, redevelopment, or other income-generating projects.

For buyers and investors, the NN lease provides a structured, occupied retail asset with an established tenant relationship, while the vacant land offers flexibility for value-add planning within the same site. For operators evaluating long-term hold strategies, the property’s documented renovations and updates to building systems and parking can help reduce near-term capital concerns. This package may also fit 1031 exchange objectives given the combined retail and land components.

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Hair Salon Skin Care Clinic Accounting Firm Hotel & Motel Kitchen & Bath Showroom Big Box & Wholesale Store Grocery & Convenience 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

-87.2518088

Latitude

41.5730681

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FAQs

What type of property is this?

Storefront property - Leased storefront with 2020 HVAC and 2022 paved parking, plus adjacent 0.79 acres of vacant land.

Where is this storefront property located?

The property is located at 2626 Central Ave Lake Station, IN.

What is the lease rate?

The lease rate is $723,172.

What are key features of this property?

This property features: Family Dollar leased store (built 2001) with a NN lease and long‑term tenant commitment.; New HVAC units installed in 2020 for efficient climate control.; Newly paved parking lot completed in 2022.