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Gary, IN Schools for Sale

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School Building With Outbuilding
Updated: Mar 2
School Building With Outbuilding

2460 Vermillion Street, Lake Station, IN 46405

$995,000
37,624 sqft 4.44 AC lot
37,624‑square‑foot one‑story main building
Separate 6,960‑square‑foot outbuilding
4.44‑acre property at 2460 Vermillion Street
Current tenant is the Boys and Girls Club
Public water and public sewer service
View details
Turnkey School/Special Purpose Building
Updated: May 27
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
See hot listings in Gary

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 2 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 1 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.

Downtown Mixed-Use Property
Downtown Mixed-Use Property

118-120 N Main Street, Hebron, IN 46341

$1,675,000
13,400 sqft 0.18 AC lot

Two commercial suites and six apartments occupy a renovated downtown building with public utilities and rear parking.

View details
Downtown Mixed-Use Investment Property
Downtown Mixed-Use Investment Property

118-120 N Main St, Hebron, IN 46341

$1,675,000
13,400 sqft

Fully leased commercial and residential property with renovated tenant spaces, rear parking, and an unfinished unit for future buildout.

View details
Historic School Campus
Historic School Campus

8231 South Shore Drive, Chicago, IL 60617

$600,000
0.79 AC lot

Institutional property with active utilities and a flexible interior configuration.

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

7550 South 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

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

$579,000
1.01 AC lot

Commercial land available for sale in Tinley Park, Illinois.

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

Estimated value:
$290,000
1.40 AC lot
View details
3392 Massachusetts St, Unit 94
COLLEGE, UNIVERSITY, VOC SCHOOL

3392 Massachusetts St, Gary, IN 46409-1015

Unit 94
Estimated value:
$240,000
0.08 AC lot
View details
3490 Massachusetts St, Unit 94
COLLEGE, UNIVERSITY, VOC SCHOOL

3490 Massachusetts St, Gary, IN 46409-1017

Unit 94
Estimated value:
$245,000
0.09 AC lot
View details
3388 Massachusetts St, Unit 90
COLLEGE, UNIVERSITY, VOC SCHOOL

3388 Massachusetts St, Gary, IN 46409-1015

Unit 90
Estimated value:
$240,000
0.08 AC lot
View details
3384 Massachusetts St, Unit 86
COLLEGE, UNIVERSITY, VOC SCHOOL

3384 Massachusetts St, Gary, IN 46409-1015

Unit 86
Estimated value:
$240,000
0.08 AC lot
View details
3484 Massachusetts St, Unit 86
COLLEGE, UNIVERSITY, VOC SCHOOL

3484 Massachusetts St, Gary, IN 46409-1017

Unit 86
Estimated value:
$240,000
0.07 AC lot
View details
3340 Massachusetts St, Unit 46
COLLEGE, UNIVERSITY, VOC SCHOOL

3340 Massachusetts St, Gary, IN 46409-1015

Unit 46
Estimated value:
$235,000
0.12 AC lot
View details
3356 Massachusetts St
COLLEGE, UNIVERSITY, VOC SCHOOL

3356 Massachusetts St, Gary, IN 46409

Estimated value:
$235,000
0.14 AC lot
View details
3428 Massachusetts St
COLLEGE, UNIVERSITY, VOC SCHOOL

3428 Massachusetts St, Gary, IN 46409-1017

Estimated value:
$245,000
0.14 AC lot
View details
3492 Massachusetts St
COLLEGE, UNIVERSITY, VOC SCHOOL

3492 Massachusetts St, Gary, IN 46409

Estimated value:
$240,000
0.07 AC lot
View details
3482 Massachusetts St
COLLEGE, UNIVERSITY, VOC SCHOOL

3482 Massachusetts St, Gary, IN 46409

Estimated value:
$235,000
0.14 AC lot
View details
3400 Massachusetts St
COLLEGE, UNIVERSITY, VOC SCHOOL

3400 Massachusetts St, Gary, IN 46409-1017

Estimated value:
$240,000
0.14 AC lot
View details
3412 Massachusetts St
COLLEGE, UNIVERSITY, VOC SCHOOL

3412 Massachusetts St, Gary, IN 46409

Estimated value:
$245,000
1,140 sqft 0.07 AC lot
View details
3410 Massachusetts St
COLLEGE, UNIVERSITY, VOC SCHOOL

3410 Massachusetts St, Gary, IN 46409-1017

Estimated value:
$245,000
0.07 AC lot
View details
3426 Massachusetts St
COLLEGE, UNIVERSITY, VOC SCHOOL

3426 Massachusetts St, Gary, IN 46409-1017

Estimated value:
$245,000
0.14 AC lot
View details
3225 Broadway, Unit 27
COLLEGE, UNIVERSITY, VOC SCHOOL

3225 Broadway, Gary, IN 46409-1007

Unit 27
Estimated value:
$235,000
0.06 AC lot
View details

Gary, IN Schools Market Trends and Statistics

Explore 18 schools for sale in Gary, IN on our real estate platform. These investment opportunities span a total of 49,177 square feet of properties for sale, with an estimated market value of $1,494,000.

Sale prices for school buildings & campuses in Gary, IN start at $499,000, averaging $747,000, and reaching up to $995,000 — 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 6
NNN properties 3
Schools 2
Day care centers 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)

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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