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Recently Renovated Office Building
For Sale
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563 S Lake Street, Gary, IN 46403

Three separate suites can be combined or leased individually for flexible occupancy.

Property SizeContact for details
Days on Market131

Property Features for 563 S Lake Street

General Information

Standard status Active
Property subtype Office

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Office Units 3

Building Details

Buildings 1
Construction masonry
Listing Agency: McColly Real Estate Lake Station
Listed By: Melody Neagu · License #RB14025414
Source: Crexi
Added: Apr 24 Changed: Aug 31 Last Checked: Aug 30 at 3:29PM

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 Lake Station

Investment Insights

Based on property information with market context.

Recently renovated office building at 563 S Lake Street in Gary’s Miller Beach business district, featuring a solid masonry structure, abundant natural light, and a contemporary interior. The existing configuration includes reception space, private office areas, semi-private workstations, a conference room, kitchenette, LED lighting, Wi-Fi, alarm system, integrated filing, sit/stand desks, ergonomic chairs, and built-in storage. Office supplies may also be included.

The property contains three separate suites that may be occupied individually or combined into one larger office layout. A full-height dry basement provides additional storage, while poured concrete floors supported by precast joists contribute to the building’s construction profile. HVAC equipment includes an ERV designed to replace building air several times per hour or as needed.

The building is within steps of the South Shore train station and offers access to major highways and a toll road. Downtown Miller Beach includes restaurants, shops, art exhibits, and theaters, with beaches and Indiana Dunes National Lakeshore nearby.

Key Highlights

  • Recently renovated solid masonry office building at 563 S Lake Street
  • Three suites available for individual occupancy or combination into one layout
  • Full‑height dry basement provides additional storage

Property Analytics

Current Use

CDM Smith Inc. Engineering Consultant Lee Companies Construction Company

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Pharmacy Nail Salon Skin Care Clinic

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

3
Office units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

379
Businesses Nearby

Demographics for 46403, IN

11,649
Population
6,317
Households
1.8
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,280
Density / Sq Mi
$44,114
Median Household Income
$37,569
Median Earnings
$939
Median Rent
$154,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three separate suites can be combined or leased individually for flexible occupancy.
Where is this office building located?
The property is located at 563 S Lake Street Gary, IN.
What are key features of this property?
This property features: Recently renovated solid masonry office building at 563 S Lake Street; Three suites available for individual occupancy or combination into one layout; Full‑height dry basement provides additional storage
More about this property
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