Lake Station, IN Office Spaces for Sale

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Updated: Apr 8

Industrial Building with Showroom

5200 Cleveland Street, Gary, IN 46410

$1,400,000

12,400 sqft 2.15 AC lot

Excellent location near I‑80/94, US‑20, and I‑65 providing easy access throughout Northwest Indiana and the greater Chicagoland area.
12,400 SF industrial building on a fully fenced 2.15‑acre lot, offering secure outdoor space.
Includes a front showroom and office area with strong street visibility.
Warehouse space with three 14’ drive‑in doors and 28’ peak ceiling height.
Newer roof (approximately 5 years old) and brand‑new electronic sign.

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This listing looks promising.

Here's a quick look at some key insights for

5200 Cleveland Street, Gary, IN 46410

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Est. Cap Rate

8.5%
Above avg (5.9%)
Est. NOI

$119K
Annual
Price @ 7% Cap

$1.71M
Above asking
Property Type

Auto Repair, Garage
Built 1969

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Updated: Jun 26

Flex Office and Heated Garage

8213 Clay Street, Merrillville, IN 46410

$239,900

1,550 sqft 0.46 AC lot

Building 1: 800 SF commercial office converted in 2007; refreshed with new finishes in 2024
2024 upgrades include brand‑new luxury vinyl plank (LVP) flooring, upgraded kitchenette/break room, and modernized restroom
Office layout includes a large 11' x 15' executive office, an 11' x 10' private office, and an open‑concept central workspace
Backup power: whole‑property Generac generator system plus crawl space with two sump pumps
Building 2: 750 SF fully heated flex garage for storage, shipping, inventory, or fleet parking

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Two-Story Office Building with On-Site Parking

8420 Indiana Street, Merrillville, IN 46410

$1,420,000

9,240 sqft 0.83 AC lot

Fully updated two-story office building with 9,240 SF, 32 on-site spaces, and multiple upgrades for investor or occupant use.

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Prime Commercial Corner Lot

7900 Grant Street, Merrillville, IN 46410

$459,900

2.26 AC lot

2.2-acre corner lot zoned C-3 in Merrillville, Indiana.

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Merrillville Development Site For Sale

555 E 84th Drive, Merrillville, IN 46410

$375,000

2.84 AC lot

2.84 acre development site near U.S. 30 and Broadway.

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Office Building with Reception Area

3799 Central Avenue, Lake Station, IN 46405

$99,900

742 sqft 0.07 AC lot

Well-maintained office building with a reception area, private offices, and ample parking, plus an included south vacant lot.

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Retail/Office Space with Renovation Needs

508 S Lake Street, Gary, IN 46403

$89,900

720 sqft 0.06 AC lot

Compact retail/office property for sale, offered at a price reflecting needed updates and customization flexibility.

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Medical Office Suites Available

200-250 E 90th Dr, Merrillville, IN

$1,490,000

2,500 sqft 3.13 AC lot

Professional medical office suites with modern amenities and ample parking.

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Environ Professional Center For Sale

8695 & 8679 Connecticut Street, Merrillville, IN 46410

$2,350,000

17,220 sqft

Two medical office buildings near Southlake Methodist Hospital.

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Gary Office Building For Sale

2400 Clark Rd, Gary, IN 46404

$1,200,000

20,572 sqft

20,572 SF office building in Gary, Indiana.

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Merrillville Professional Office Portfolio

8401 Ohio St, Merrillville, IN 46410

$4,500,000

27,000 sqft

Two-property office portfolio in Merrillville's healthcare corridor.

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Central Avenue Office Building For Sale

3799 Central Avenue, Lake Station, IN 46405

$99,900

Office building with private offices, parking, and included vacant lot.

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Versatile Commercial Space For Sale

2630 W 5th Avenue, Gary, IN 46404

$92,000

Commercial space with high visibility and convenient access.

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Medical Office Condo For Sale

8528 Broadway, Merrillville, IN 46410

$800,000

8,300 sqft

8,300 SF medical office condo in central location.

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Based on your search, we've compiled 66 Potential Opportunities for your consideration. Besides 14 Active listings in Lake Station, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 44 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

All-Steel Industrial Building with Cranes

1031 E Summit Street, Crown Point, IN 46307

$1,200,000

7,640 sqft 1.16 AC lot

All-steel industrial facility in Crown Point with 20’ ceilings, LED lighting, and two overhead cranes plus a separate office building.

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Building with Four Private Offices

341 Main Street, Hobart, IN 46342

$255,000

1,480 sqft 0.06 AC lot

Commercial building on Main Street with four private offices and a roof replacement completed in 2021.

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All-Steel Industrial Building with Office

1031 E Summit St, Crown Point, IN 46307

$1,200,000

7,640 sqft 1.16 AC lot

All-steel industrial building with 20' ceilings, overhead cranes, and separate office space for flexible industrial operations.

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Downtown Hobart Commercial Opportunity

232 Main Street, Hobart, IN 46342

$99,900

736 sqft 0.02 AC lot

Prime downtown location with visibility and charm.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Merrillville Commercial Lot For Sale

0-Lot 12 Grant Street, Merrillville, IN 46410

$79,900

1.50 AC lot

Prime 1.5-acre commercial lot in growing area.

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Commercial Lot in Water Tower Park

0-Lot 11 Grant Street, Merrillville, IN 46410

$89,900

1.50 AC lot

Prime commercial land in a growing area near US 30.

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6.23 Acres Visible Land

8400 Georgia Street, Merrillville, IN 46410

$650,000

6.23 AC lot

Highly visible 6.23 acres of land for sale.

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Merrillville Land on US 30

5103 E Lincoln, Merrillville, IN 46410

$749,900

5.15 AC lot

5+ acres on US 30 ready for development.

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Off-Market Properties in Lake Station, IN

Consider similar Off-Market properties in Lake Station, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

OFFICE (GENERAL)

3608 37th Ave, Lake Station, IN 46405-3157

Value Estimation by Request

160 sqft 0.50 AC lot

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OFFICE (GENERAL)

3930 Central Ave, Lake Station, IN 46405-2415

Value Estimation by Request

3,186 sqft 0.76 AC lot

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MEDICAL BUILDING

3820 Central Ave, Lake Station, IN 46405-2380

Value Estimation by Request

6,818 sqft 0.70 AC lot

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OFFICE (GENERAL)

1201 Central Ave, Lake Station, IN 46405-1557

Value Estimation by Request

3,747 sqft 0.16 AC lot

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OFFICE (GENERAL)

2749 Dekalb St, Lake Station, IN 46405-1520

Value Estimation by Request

825 sqft 0.22 AC lot

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OFFICE (GENERAL)

2714 Dekalb St, Lake Station, IN 46405-1582

Value Estimation by Request

2,008 sqft 0.11 AC lot

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OFFICE (GENERAL)

1309 Central Ave, Lake Station, IN 46405-1638

Value Estimation by Request

18,920 sqft 0.77 AC lot

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OFFICE (GENERAL)

2589 Clay St, Lake Station, IN 46405-1448

Value Estimation by Request

361 sqft 0.16 AC lot

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MEDICAL BUILDING

3401 Central Ave, Lake Station, IN 46405-2274

Value Estimation by Request

0.13 AC lot

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OFFICE (GENERAL)

3304 Parkside Ave, Lake Station, IN 46405-1143

$34,365,000

Estimated value

354,916 sqft 7.00 AC lot

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Lake Station, IN Office Spaces Market Trends and Statistics

Explore 58 office spaces for sale in Lake Station, IN, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 100,244 square feet of properties for sale, with an estimated market value of $13,589,700.

Sale prices for office spaces in Lake Station, IN start at $89,900, averaging $1,358,970, and reaching up to $4,500,000 — 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

Demographics Overview

Population 12K

Population Growth (5Y) +0.5%

Median Household Income $57,005

College Educated 13.0%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
46405	$99.9K

Taxes & Financing

Tax Rate (average for all types) 4.46%

Property Tax per SF $72.47 per SF

Tax Rate vs County Average 1.39 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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Lake Station, IN Office Spaces for Sale

5200 Cleveland Street, Gary, IN 46410

8213 Clay Street, Merrillville, IN 46410

8420 Indiana Street, Merrillville, IN 46410

7900 Grant Street, Merrillville, IN 46410

555 E 84th Drive, Merrillville, IN 46410

3799 Central Avenue, Lake Station, IN 46405

508 S Lake Street, Gary, IN 46403

200-250 E 90th Dr, Merrillville, IN

8695 & 8679 Connecticut Street, Merrillville, IN 46410

2400 Clark Rd, Gary, IN 46404

8401 Ohio St, Merrillville, IN 46410

3799 Central Avenue, Lake Station, IN 46405

2630 W 5th Avenue, Gary, IN 46404

8528 Broadway, Merrillville, IN 46410

Opportunities in Nearby Cities

1031 E Summit Street, Crown Point, IN 46307

341 Main Street, Hobart, IN 46342

1031 E Summit St, Crown Point, IN 46307

232 Main Street, Hobart, IN 46342

Potential Development Sites for Consideration

0-Lot 12 Grant Street, Merrillville, IN 46410

0-Lot 11 Grant Street, Merrillville, IN 46410

8400 Georgia Street, Merrillville, IN 46410

5103 E Lincoln, Merrillville, IN 46410

Off-Market Properties in Lake Station, IN

3608 37th Ave, Lake Station, IN 46405-3157

3930 Central Ave, Lake Station, IN 46405-2415

3820 Central Ave, Lake Station, IN 46405-2380

1201 Central Ave, Lake Station, IN 46405-1557

2749 Dekalb St, Lake Station, IN 46405-1520

2714 Dekalb St, Lake Station, IN 46405-1582

1309 Central Ave, Lake Station, IN 46405-1638

2589 Clay St, Lake Station, IN 46405-1448

3401 Central Ave, Lake Station, IN 46405-2274

3304 Parkside Ave, Lake Station, IN 46405-1143

Lake Station, IN Office Spaces Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

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