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    Gary, IN
    Live - Work Space

    Gary, IN Live-work Space for Sale

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    Mixed-Use Live-Work Property
    Updated: Mar 24
    Mixed-Use Live-Work Property

    5425 Melton Road, Gary, IN 46403

    $80,000
    1,552 sqft
    Mixed‑use building with commercial space and residential opportunities in one property
    Central air cooling
    Year built: 1929
    Guest facilities: 3
    No pool on‑site
    View details
    Mixed-Use Property
    Updated: Mar 25
    Mixed-Use Property

    5425 Melton Rd, Gary, IN 46403

    $60,000
    936 sqft
    Mixed‑use property combining commercial and residential opportunities
    Commercial space with a functional layout for business operations
    Potential uses include retail, office, or service‑based operations
    Located at 5425 Melton Rd, Gary, IN
    View details
    See what stands out in Lake County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Live-Work Building With Office Suites
    Live-Work Building With Office Suites

    6434 Calumet Avenue, Hammond, IN 46324

    $190,000
    2,864 sqft 0.14 AC lot

    Front commercial suites and rear living quarters support an on-site business and residence.

    View details
    Mixed-Use Building with Office Suites
    Mixed-Use Building with Office Suites

    6434 Calumet Ave, Hammond, IN 46324

    $190,000
    2,864 sqft

    Two commercial office suites accompany owner-occupied living quarters, on-site parking, and a fenced yard.

    View details
    Mixed-Use Property with Frame Construction
    Mixed-Use Property with Frame Construction

    8209 S South Shore Dr, Chicago, IL 60617

    $175,000
    2,226 sqft

    Residential and mixed-use positioning is stated for this frame-constructed property.

    View details
    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    9208 S Cottage Grove Ave, Chicago, IL 60619

    $84,000

    Ground-floor store with an upstairs apartment, offered in as-is condition.

    View details

    Gary, IN Live-Work Space Market Trends and Statistics

    Explore 2 live-work space for sale in Gary, IN on our real estate platform. These investment opportunities span a total of 2,488 square feet of properties for sale, with an estimated market value of $140,000.

    Sale prices for live-work properties in Gary, IN start at $60,000, averaging $70,000, and reaching up to $80,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 32
    Medical Office Space 20
    Office buildings 18
    Coworking space 4

    Demographics Overview

    Population 124K
    Population Growth (5Y) -7.7%
    Median Household Income $47,747
    College Educated 15.8%

    High-Yield Neighborhoods for Investment

    Identify Gary submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46403 $70K

    Taxes & Financing

    Tax Rate (average for all types) 7.93%
    Property Tax per SF $79.79 per SF
    Tax Rate vs County Average 6.93 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lake County

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