4825 Central Avenue Lake Station, IN $ 275,000
4825 Central Avenue
$ 275,000
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4825 Central Avenue

Lake Station, IN, 46405
$ 275,000
Bedrooms-- Baths-- Sq 2,560

Monthly Estimate*

$ 1,693

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Commercial Property for sale in Lake Station, IN

for $275,000. This 2,560 square foot building was built in 1982 on a lot size of 0.772.

Prime Commercial Opportunity -- Ready for Your Vision! Unlock the potential of this versatile commercial property in a high-visibility, high-traffic location--perfect for your next venture in hospitality, dining, retail, entertainment, or beyond. Formerly a thriving bar, this space offers the ideal foundation to bring your business dreams to life, whether you envision a restaurant, garage, event venue, or something completely unique. Step inside to discover an open, flexible layout designed for possibility, featuring an existing kitchen area and prep space, along with select fixtures and furnishings that may remain--helping you save time and get your concept moving faster. The adaptable floor plan creates the perfect canvas for customization, allowing you to shape the space to fit your exact needs and style. Outside, a spacious parking lot provides easy access for customers and staff, while the prime location places your business in the center of steady traffic and surrounding established businesses. This isn't just a building--it's an opportunity to create something exciting in a location built for success. Note: Liquor license does not transfer with the property and would need to be applied for separately.

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Commercial Active

Price

$ 275,000

Property Type

Commercial

Taxes

$ 12,003

Style

Business

Lot Size

0.772

Year Built

1982

Town/City

Lake Station

County/Region

Lake

MLS | Web ID

825719

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected
Appliances Freezer Refrigerator Gas Range
Year Built 1982
Electric 100 Amp Service 200+ Amp Service
View City Neighborhood
Township Hobart
Property Subtype Business
Tax Year 2023
County Lake
Property Type Commercial Sale
Subdivision Name Park Rdg Add/East Gary
Building Features Public Restrooms
Status Active
Directions Ripley St to Central Ave to property
City Lake Station
Lot Size Square Feet 33628
Listing Terms Cash Other
Tax Annual Amount 12003
Standard Status Active
Legal Description PARK RIDGE ADD BL.11 LOTS 1 THRU 10 EX. N.5FT OF LOTS 3 THRU 7 IN R/W
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Exterior
Exterior Amenities None
Parking Features Off Street Asphalt
Lot Features Paved
Water Source Public
Total Parking 1500
Lot Size Acres 0.772
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Mercedes Burgos Pomales

Listing Agent

New Chapter Real Estate

Broker

mercedespomales1@gmail.com

Email

Affordability Calculator

$2,693
Per Month
63%
37%
0%
Monthly Principal & Interest
$1,693
Monthly Property Taxes
$1,000
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2026$275,000 -8.33% Price Down
12/15/2025$299,999 -11.77% Price Down
9/6/2025$340,000 -20.00% Price Down
8/9/2025$425,000 Listed Price

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4825 Central Avenue, Lake Station, IN, 46405 is a Commercial Property for sale at $275,000 with 2,560 sqft and a lot size of 0.772. 4825 Central Avenue was built in 1982. The property's zip code is 46405 which is in Lake Station, IN