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    Turnkey School/Special Purpose Building
    Updated: May 22
    Turnkey School/Special Purpose Building

    1150 W 49th Ave, Gary, IN 46408

    $499,000
    11,553 sqft 12.00 AC lot
    Turnkey operational building ideal for special purpose/school/community users.
    Large 11,553sf single‑story structure on over 12 acres.
    Strategic location minutes from Broadway and I‑65.
    Previously used as a school and church.
    Aggressively priced.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 25 Potential Opportunities for your consideration. Besides 1 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 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.

    Former Catholic School Campus
    Former Catholic School Campus

    8231 South Shore Drive, Chicago, IL 60617

    $600,000
    0.79 AC lot

    Historic school campus with active utilities and a flexible interior layout, positioned for adaptive reuse under RS-3 zoning.

    View details
    Driving School and Residential Apartment
    Driving School and Residential Apartment

    9011 Grand Avenue, River Grove, IL 60171

    $419,000
    0.07 AC lot

    Long-running driving school operation with a renovated two-bedroom, one-bath apartment and covered outdoor space.

    View details
    Former School Building with Gymnasium
    Former School Building with Gymnasium

    7550 S Phillips Avenue, Chicago, IL 60649

    $175,000

    Versatile former school layout with classrooms, offices, and a hall/gymnasium, plus on-site parking for about 10 vehicles.

    View details
    Specialty School Property For Sale
    Specialty School Property For Sale

    9011 Grand Avenue, River Grove, IL 60171

    $419,000

    For sale specialty school property with convenient drive-up access via Grand Avenue and nearby side-street parking.

    View details

    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.

    Land in Tinley Park, IL
    Land in Tinley Park, IL

    16750 Harlem Avenue, Tinley Park, IL 60477

    $599,000
    1.01 AC lot

    Commercial land available for sale in Tinley Park, Illinois.

    View details
    Cantera Business Park Land Opportunity
    Cantera Business Park Land Opportunity

    28301 Ferry Rd, Warrenville, IL 60555

    $9,250,000
    161,209 sqft 19.00 AC lot

    19-acre site in Cantera Business Park, Warrenville, IL.

    View details
    Corner Lot on Shelbyville Road
    Corner Lot on Shelbyville Road

    5133 Gray Road, Indianapolis, IN 46237

    $1,350,000
    8.21 AC lot

    Large corner lot suitable for various developments with approvals.

    View details
    Cross Plains Land Opportunity
    Cross Plains Land Opportunity

    L12 Lindale Drive lot: 12, Cross Plains, WI 53528

    $179,900
    0.32 AC lot

    Land for sale in proposed golf course community.

    View details

    Off-Market Properties in Gary, IN

    Consider similar Off-Market properties in Gary, 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.

    8400 Georgia St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    8400 Georgia St, Merrillville, IN 46410

    Value Estimation by Request
    1.40 AC lot
    View details
    3392 Massachusetts St, Unit 94
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3392 Massachusetts St, Gary, IN 46409-1015

    Unit 94
    Value Estimation by Request
    0.08 AC lot
    View details
    3490 Massachusetts St, Unit 94
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3490 Massachusetts St, Gary, IN 46409-1017

    Unit 94
    Value Estimation by Request
    0.09 AC lot
    View details
    3388 Massachusetts St, Unit 90
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3388 Massachusetts St, Gary, IN 46409-1015

    Unit 90
    Value Estimation by Request
    0.08 AC lot
    View details
    3384 Massachusetts St, Unit 86
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3384 Massachusetts St, Gary, IN 46409-1015

    Unit 86
    Value Estimation by Request
    0.08 AC lot
    View details
    3484 Massachusetts St, Unit 86
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3484 Massachusetts St, Gary, IN 46409-1017

    Unit 86
    Value Estimation by Request
    0.07 AC lot
    View details
    3340 Massachusetts St, Unit 46
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3340 Massachusetts St, Gary, IN 46409-1015

    Unit 46
    Value Estimation by Request
    0.12 AC lot
    View details
    3356 Massachusetts St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3356 Massachusetts St, Gary, IN 46409

    Value Estimation by Request
    0.14 AC lot
    View details
    3428 Massachusetts St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3428 Massachusetts St, Gary, IN 46409-1017

    Value Estimation by Request
    0.14 AC lot
    View details
    3492 Massachusetts St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3492 Massachusetts St, Gary, IN 46409

    Value Estimation by Request
    0.07 AC lot
    View details
    3482 Massachusetts St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3482 Massachusetts St, Gary, IN 46409

    Value Estimation by Request
    0.14 AC lot
    View details
    3400 Massachusetts St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3400 Massachusetts St, Gary, IN 46409-1017

    Value Estimation by Request
    0.14 AC lot
    View details
    3412 Massachusetts St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3412 Massachusetts St, Gary, IN 46409

    Value Estimation by Request
    1,140 sqft 0.07 AC lot
    View details
    3410 Massachusetts St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3410 Massachusetts St, Gary, IN 46409-1017

    Value Estimation by Request
    0.07 AC lot
    View details
    3426 Massachusetts St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3426 Massachusetts St, Gary, IN 46409-1017

    Value Estimation by Request
    0.14 AC lot
    View details
    3225 Broadway, Unit 27
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3225 Broadway, Gary, IN 46409-1007

    Unit 27
    Value Estimation by Request
    0.06 AC lot
    View details

    Gary, IN Schools Market Trends and Statistics

    Explore 17 schools for sale in Gary, IN on our real estate platform. These investment opportunities span a total of 11,553 square feet of properties for sale, with an estimated market value of $499,000.

    Sale prices for school buildings & campuses in Gary, IN start at $499,000, averaging $499,000, and reaching up to $499,000 — 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

    Churches & religious facilities 1
    NNN properties 1
    Schools 1

    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
    46408 $499K

    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

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in Gary fall within the 50,000 to 100,000 square foot range.

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