Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3518 Central Ave Lake Station, IN 46405

    • Retail space
    • 14,306 SF
    • 1.78 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 14, 2021
    Location Intelligence
    Property ID
    US31-3535010
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 3518 Central Ave

    Year built
    2001
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.78 lot acres
    Property size
    14,306 SF
    Property type
    Retail space
    APN
    45-09-16-151-005.000-021
    APU
    450916151005000021

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Station
    County
    Lake
    State
    Indiana
    Longitude
    -87.2407
    Latitude
    41.5751
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $89,502
    $930,400
    $1,604,400
    $2,534,800
    -
    $930,400
    $1,604,400
    $2,534,800

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      2400 Blvd Ripley St

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      2400 Blvd Ripley St, Lake Station, IN 46405
      View Details
    • Value Estimation by Request
      0.09 Acres

      4294 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      4294 Central Ave, Lake Station, IN 46405-2421
      View Details
    • Value Estimation by Request
      0.09 Acres

      4294 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      4294 Central Ave, Lake Station, IN 46405-2421
      View Details
    • Value Estimation
      $355,000
      4,239 SF

      3425 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,239 SF
      3425 Central Ave, Lake Station, IN 46405-2274
      View Details
    • Value Estimation
      $215,000
      1,992 SF

      330 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,992 SF
      330 Central Ave, Lake Station, IN 46405-1447
      View Details
    • Value Estimation
      $300,000
      1,120 SF

      2727 Dekalb St

      RETAIL STORES (PERSONAL SERVICES) • 1,120 SF
      2727 Dekalb St, Lake Station, IN 46405-1520
      View Details

    Similar Nearby for Sale

    • $200,000
      3,894 SF

      Turn-Key Pub and Grub Business

      Profitable pub and grub with licenses and living quarters.
      2808 Dekalb St, Lake Station, IN 46405
      View Details
    • $723,172
      10,920 SF

      Lake Station Retail Opportunity

      Retail property for sale in Lake Station, Indiana.
      2626 Central Ave, Lake Station, IN 46405
      View Details
    • $467,000
      4,325 SF

      Versatile Commercial Property For Sale

      Mixed-use property with restaurant, warehouse, and apartment near major highways.
      2401 Central Ave, Lake Station, IN 46405
      View Details
    • $550,000
      3,250 SF

      Turnkey Restaurant with Liquor License

      Fully equipped, remodeled restaurant with a 3-way liquor license.
      3634 Central Ave, Lake Station, IN 46405
      View Details
    • $34,900
      0.72 Acres

      Land For Sale, Lake Station

      Vacant land available in Lake Station, Indiana.
      2820 New York St, Lake Station, IN 46405
      View Details
    • Contact for pricing
      0.30 Acres

      Residential Land in Lake Station

      Building lot next to bike trail in Lake Station.
      2899 State St, Lake Station, IN 46405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3518 Central Ave
    Lake Station, IN 46405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.