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Cleared Mixed-Use Commercial Building
For Sale
$590,000

323 Central Avenue, Lake Station, IN 46405

An open interior and intact concrete floor provide a flexible foundation for commercial or industrial redevelopment.

Property Size24,629 SF
Price / SF$23.96
Days on Market58

Property Features for 323 Central Avenue

General Information

Standard status Active
Size 24,629 SF
Property subtype Commercial
Zoning RTAIL

Additional Details

Clear Height 15.8 ft

Taxes and HOA fees

Annual Taxes $4,361

Building Details

Building Size 24,629 SF
Year Built 1973
Buildings 1
Stories 1
Listing Agency: Key Collective
Listed By: Chayanta Spaniol · License #471020922
Source: Fishmangroup
Added: Aug 29 Changed: Oct 23 Last Checked: Oct 23 at 1:24PM

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 Key Collective

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Investment Insights

Based on property information with market context.

This 24,629-square-foot commercial building, constructed in 1973, has a cleared interior and an intact concrete floor. Ceiling height measures approximately 17'6" to the underside of the roof deck and 15'10" to the underside of the bar joists. The property was previously used as a grocery store and is zoned RTAIL.

Professionally prepared plans for a grocery store redevelopment are available and may be provided to qualified buyers. The building is located at 323 Central Avenue in Lake Station, Indiana.

Key Highlights

  • 24,629‑square‑foot commercial building
  • Cleared interior with an intact concrete floor
  • Approximately 17'6" to the roof deck and 15'10" to the bar joists

Property Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Law Firm Nail Salon Building Supply Spa & Massage Center 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.

Lease Details

15 ft
Clear height

Location Intelligence

Trade Area within ½ mile

164
Businesses Nearby

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - An open interior and intact concrete floor provide a flexible foundation for commercial or industrial redevelopment.
Where is this mixed-use property located?
The property is located at 323 Central Avenue Lake Station, IN.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 24,629‑square‑foot commercial building; Cleared interior with an intact concrete floor; Approximately 17'6" to the roof deck and 15'10" to the bar joists
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