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Lake Station, IN Retail Properties & Spaces for Sale

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Six-Unit Mixed-Use Property
Updated: Oct 2
Six-Unit Mixed-Use Property

4683 Broadway, Gary, IN 46409

$399,900
9,000 sqft 0.20 AC lot
9,000‑square‑foot mixed‑use building on 0.2 acres
Three commercial spaces and three apartments: two two‑bedroom units and one one‑bedroom unit
Separately rented two‑car garage
Roof replaced in 2021; second‑floor windows installed in 2024
Boiler replaced in 2016
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Five-Bay Automotive Shop
Updated: Jul 11
Five-Bay Automotive Shop

2000 W Ridge Road, Gary, IN 46408

$189,900
3,088 sqft 0.24 AC lot
3,088‑square‑foot automotive building
Five bays for automotive service work
Adjacent lot included in the sale
Mixed‑use zoning designation
Office, secretary area, and customer waiting room
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Mixed-Use Property with Leased Spaces
Mixed-Use Property with Leased Spaces

2800 Dekalb Street, Lake Station, IN 46405

$550,000
1,005 sqft 0.16 AC lot

Two-level configuration combines four occupied commercial spaces with three leased residential units.

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See hot listings in Lake Station

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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Retail Strip Center with Drive-Thru
Retail Strip Center with Drive-Thru

399 E 81st Ave, Merrillville, IN 46410

$6,059,000
18,215 sqft 1.64 AC lot

Fee-simple retail strip center anchored by Panera Bread with a dedicated drive-thru at a high-traffic intersection.

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Leased Storefront Property
Leased Storefront Property

4007 Broadway, Gary, IN 46409

$175,000
2,160 sqft 0.17 AC lot

Tenant-occupied commercial building with off-street parking, public utilities, and a Broadway address in Gary’s Glen Park neighborhood.

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Auto Shop with Paint Booth
Auto Shop with Paint Booth

1134 Virginia Street, Gary, IN 46407

$195,000
4,560 sqft 0.17 AC lot

Industrial-zoned facility with office space and automotive equipment in place.

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Transit-Oriented Commercial Land
Transit-Oriented Commercial Land

614 S Lake Street, Gary, IN 46403

$210,400
5,600 sqft 0.07 AC lot

Commercial parcel with TOD zoning, public utilities, and access to alley and on-street parking.

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Auto Shop with Vehicle Storage Yard
Auto Shop with Vehicle Storage Yard

2400 W Ridge Rd, Gary, IN 46408

$440,000
5,832 sqft

M-1 Light Manufacturing zoning supports automotive, industrial, manufacturing, and service-related operations.

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Freestanding Storefront Property
Freestanding Storefront Property

2553 W 11th Avenue, Gary, IN 46404

$59,000
800 sqft 0.14 AC lot

Compact commercial space with a private yard, forced-air heating, and off-street parking.

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Storefront Property Near Transit
Storefront Property Near Transit

912-18 Aetna Street, Gary, IN 46403

$42,000
2,003 sqft 0.09 AC lot

Commercial space with on-street parking near the South Shore train station and Dunes Highway.

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Corner Shopping Center with Restaurant Space
Corner Shopping Center with Restaurant Space

2101 Carolina St, Gary, IN 46407

$350,000
7,125 sqft

Multi-tenant corner center includes occupied grocery space and a restaurant area with commercial kitchen equipment.

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Storefront Retail Property
Storefront Retail Property

731 E 41st Avenue, Gary, IN 46409

$54,900
3,822 sqft 0.15 AC lot

Existing storefront property with public water and sewer service in Gary.

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Walgreens Absolute NNN Property
Walgreens Absolute NNN Property

2500 Grant Street, Gary, IN 46404

$2,818,740
14,820 sqft

Walgreens property with tenant-funded taxes, insurance, maintenance, and structural repairs.

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Light Industrial Property with Multiple Lots
Light Industrial Property with Multiple Lots

2450 W Ridge Rd, Gary, IN 46408

$189,900
500 sqft 8.00 AC lot

M-1 light manufacturing zoned site on eight city lots, including a storage container and office furniture.

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Automotive Shop with Paint Booth
Automotive Shop with Paint Booth

1134 Virginia St, Gary, IN 46407

$195,000
4,560 sqft

Industrial-zoned facility with an office, dedicated work area, and installed automotive equipment.

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Transit-Oriented Commercial Land
Transit-Oriented Commercial Land

614 S Lake St, Gary, IN 46403

$210,400
5,600 sqft

Commercial land in a TOD Zone near the South Shore Line station and Miller Beach Business District.

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Broadway Storefront Commercial Building
Broadway Storefront Commercial Building

4007 Broadway, Gary, IN 46409

$175,000
2,160 sqft 7,300.00 AC lot

1920s-era commercial building on Broadway with storefront configuration and zoning for commercial uses.

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Leased Mixed-Use Property
Leased Mixed-Use Property

2800 Dekalb St, Lake Station, IN 46405

$550,000
1,005 sqft

Two-level property combines leased commercial occupancy with residential units in Lake Station.

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Automotive Shop with Office
Automotive Shop with Office

2000 W Ridge Rd, Gary, IN 46408

$189,900
3,088 sqft

Mixed-use zoned automotive shop features five bays, office and waiting area, plus restrooms and an included adjacent lot.

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Corner Car Wash Facility
Corner Car Wash Facility

4921-31 W 5th Avenue, Gary, IN 46406

Contact for pricing
5,376 sqft

Former car wash with auto-detailing improvements, overhead doors, and supplemental retail or service space.

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Commercial Land
Commercial Land

2060 81st Ave, Merrillville, IN 46410

$495,000
2,308 sqft

Site positioned along U.S. 30 at 2060 81st Ave for commercial development.

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Mixed-Entry Retail Building
Mixed-Entry Retail Building

1600 Broadway, Gary, IN 46407

$42,900
6,094 sqft

Building includes three retail spaces with two storefront units on Broadway and an additional unit with entry on 16th Ave.

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Storefront Retail Building
Storefront Retail Building

2553 W 11th Ave, Gary, IN 46404

$59,000
800 sqft

Commercial storefront positioned along W 11th Ave for a new or established business.

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Lake Station Redevelopment Opportunity
Lake Station Redevelopment Opportunity

4301 Central Ave, Lake Station, IN 46405

Contact for pricing
9,000 sqft

Former gas station with convenience store and car wash.

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Lake Station, IN Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Lake Station, IN, showcased through 32 active listings on our real estate platform. These investment opportunities span a total of 374,094 square feet of properties for sale, with an estimated market value of $16,066,390.

Sale prices for stores in Lake Station, IN start at $42,000, averaging $617,938, and reaching up to $6,059,000 — 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

Automotive properties 3
Car washes 1
Gas stations 1
Storefront properties 1

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 $550K

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)

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