Search
Zoned B2 Retail Building with Parking
For Sale
Contact for pricing

5001 Central Avenue, Lake Station, IN 46405

Two retail units total 3,920 sq. ft. on a 122' x 125' lot with a large parking lot and newer HVAC air units.

Property Size3,920 SF
Lot Size0.35 Acres
Days on Market133

Property Features for 5001 Central Avenue

General Information

Standard status Active
Size 3,920 SF
Lot size 0.35 Acres
Property subtype Retail
Zoning B2

Building Details

Tenancy Multi
Listing Agency: McColly Real Estate Corporate
Listed By: Carrie Austgen · License #IN RB16000091
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 12:39PM

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 McColly Real Estate Corporate

Investment Insights

Based on property information with market context.

This for-sale retail building includes two separate units of approximately 2,280 sq. ft. and 1,640 sq. ft. The property sits on a 122' x 125' lot and is served by a large parking lot, supporting convenient customer and tenant parking needs. Recent improvements noted include new air units, and the roofer is described as newer.

The property is located at Central Avenue & Wells St. in Lake Station, Indiana. The building is zoned B2.

With its two-unit configuration and on-site parking, the property can be considered for either an owner-user setup or an investment approach, subject to buyer due diligence.

Key Highlights

  • 2 retail units totaling 3,920 sq. ft. (approx. 2,280 sq. ft. and 1,640 sq. ft.)
  • Zoned B2 with a 122' x 125' lot (0.3501 acre)
  • Large parking lot included

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Dental Office Restaurant Law Firm Big Box & Wholesale Store Hair Salon

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

103
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 96% Electronics 4%
Speedway Shops & Services
17,944 visits/mo 0.1 miles
Boost Mobile Electronics
658 visits/mo 0.5 miles

Demographics for 46405, IN

11,860
Population
4,566
Households
2.6
Avg Household Size
37
Median Age
10%
College-Educated
80%
High-School Grad
9.0 sq mi
ZIP Area
1,318
Density / Sq Mi
$57,005
Median Household Income
$34,058
Median Earnings
$1,136
Median Rent
$123,600
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Retail space - Two retail units total 3,920 sq. ft. on a 122' x 125' lot with a large parking lot and newer HVAC air units.
Where is this retail space located?
The property is located at 5001 Central Avenue Lake Station, IN.
What are key features of this property?
This property features: 2 retail units totaling 3,920 sq. ft. (approx. 2,280 sq. ft. and 1,640 sq. ft.); Zoned B2 with a 122' x 125' lot (0.3501 acre); Large parking lot included
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message