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Lakefront Retail Development Parcel
For Sale
$210,400

614 S Lake Street, Gary, IN 46403

COMMERCIAL - Gary, IN

Property Size5,600 SF
Lot Size0.07 Acres
Price / SF$37.57
Days on Market205

Property Features for 614 S Lake Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Mixed Use
Rooms Basement
Parking features On Street, Alley
Interior features Entrance Foyer
Basement Storage Space
Subdivision Meyers Add
Lot features Near Public Transit
View City
Directions From route 12 /20 and Lake Street, Proceed North on Lake Street to Business on the left. 600 - 610 Lake Street, Vogue Cleaners. Parking on east side of street or parking lot on Northwest corner of 6th and Lake Street.
Standard status Active
APN 450906403017000004
Size 5,600 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description MEYERS ADD. ALL LOT 4
Tax Annual Amount 2140
Legal Description MEYERS ADD. ALL LOT 4

Utilities

Utilities Water Available
Sewer type Public Sewer
Water source Public

Building Details

Year built 1953
Listing Agency: McColly Real Estate
Listed By: Alan Harrell · License #RB14052205
Added: Jan 18 Changed: Aug 4 Last Checked: Aug 11 at 10:06AM
MLS# 832968

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

For sale commercial land parcel at 614 S Lake Street in Gary, Indiana, within the Miller Beach area. The site includes approximately 0.074 acres, with a property size listed at 5,600 square feet.

Public remarks describe the parcel as being positioned prominently within the East Lakefront District and within a Transit-Oriented Development (TOD) Zone. It is presented as being within walking distance of the South Shore Line Train Station and in proximity to the Miller Beach Business District and Miller Beach Creative Arts District.

The property is offered as a development site for buyers seeking a commercial parcel suitable for mixed-use development, retail, dining, entertainment, or cultural uses, as described in the remarks.

Key Highlights

  • 614 S Lake Street in Miller Beach, Indiana (East Lakefront District area)
  • Transit‑Oriented Development (TOD) zone, supporting mixed‑use, retail, dining, entertainment, or cultural development
  • Just steps from the brand‑new South Shore Line Train Station

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office Auto Repair Shop Pharmacy 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.

Location Intelligence

Trade Area within ½ mile

378
Businesses Nearby
27k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 67% Shops & Services 33%
McDonald's Dining
15,472 visits/mo 0.5 miles
Citgo Shops & Services
5,453 visits/mo 0.5 miles
SUBWAY Dining
2,742 visits/mo 0.5 miles
Chase Bank Shops & Services
1,633 visits/mo 0.4 miles
Fifth Third Bank & ATM Shops & Services
1,391 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercial land parcel for sale in Miller Beach with area details including lot size and square footage.
Where is this commercial land located?
The property is located at 614 S Lake Street Gary, IN.
What is the asking price?
The asking price for this property is $210,400.
What are key features of this property?
This property features: 614 S Lake Street in Miller Beach, Indiana (East Lakefront District area); Transit‑Oriented Development (TOD) zone, supporting mixed‑use, retail, dining, entertainment, or cultural development; Just steps from the brand‑new South Shore Line Train Station
More about this property
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