563 S Lake Street Gary, IN $ 285,000
563 S Lake Street
$ 285,000
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563 S Lake Street

Gary, IN, 46403
$ 285,000
Bedrooms-- Baths-- Sq 1,950

Monthly Estimate*

$ 1,778

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Commercial Property for sale in Gary, IN

for $285,000. This 1,950 square foot building was built in 1939 on a lot size of 0.072.

Rare state of the art commercial building located in the heart of Lake Street's business district in downtown Miller Beach. Recently renovated by a top Chicago interior architectural firm this solid masonry building features abundant natural light, a sleek and airy design, and flexible office configurations. Currently built out as a modern office suite with reception area, private office, semi-private work stations, a central conference room with custom quartz table, sound absorbing acoustic ceiling cloud, sit/stand desks, ergonomic chairs, integrated filing systems, Wi-Fi, LED lighting, alarm system, and kitchenette with German cabinetry and built-in drawer refrigerator. Office supplies may be included. The building includes three separate suites that can be leased individually or combined for a single user layout. Would make an impressive Law office, Real Estate Office, Medical Practice, or any professional seeking a high-quality presence. This meticulously maintained solid masonry building is constructed with poured concrete floors supported by precast joists offers a full-height dry basement with ample storage. HVAC equipment includes an ERV(energy recovery ventilator) that is capable of efficiently and economically replacing the air in the building several times per hour or as needed. This once in a generation opportunity is located within steps to the South Shore train station and easy access to all major highways and toll road for an easy commute. The downtown area is the place to be for great food, quaint shops, art exhibits, theaters & more. Additionally, you'll find beautiful beaches and the stunning Indiana Dunes National Lakeshore nearby. Now is the time to own a piece of Miller Beach's resurgence-where business meets beauty by the lake. Agent is related to seller.

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Commercial Active

Price

$ 285,000

Property Type

Commercial

Taxes

$ 2,974

Style

Office

Lot Size

0.072

Year Built

1939

Town/City

Gary

County/Region

Lake

MLS | Web ID

828524

Features
Interior
Interior Amenities High Ceilings Recessed Lighting
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General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected Sewer Connected
Appliances Dishwasher Water Heater Refrigerator Microwave
Security Features Smoke Detector(s) Security System Security Lights
Year Built 1939
Electric 200+ Amp Service
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Township Calumet
Property Subtype Office
Tax Year 2024
County Lake
Property Type Commercial Sale
Subdivision Name J H Ansbros Add 01
Building Features High Speed Internet Avail Business District Location Acoustical Ceiling(s) Exterior Lighting Skylight(s) Private Restrooms Multi Tenant Meeting Room
Status Active
Directions From Rt. 51 north to Rt. 20 West or I-65 N. to Rt. 20 East to Lake St. North to building on East side of street.
City Gary
Lot Size Square Feet 3136
Listing Terms Cash Conventional
Tax Annual Amount 2974
Standard Status Active
Legal Description J. H. ANSBRO'S 1ST ADD. ALL L.14 BL.1
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Exterior
Exterior Amenities Lighting Rain Gutters
Parking Features Off Street Paved On Street Asphalt Alley Access Additional Parking
Water Source Public
Total Parking 8
Lot Size Acres 0.072
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Melody Neagu

Listing Agent

Mccolly Real Estate

Broker

melody.neagu@mccolly.com

Email

Affordability Calculator

$2,026
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,778
Monthly Property Taxes
$248
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
9/29/2025$285,000 Listed Price

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563 S Lake Street, Gary, IN, 46403 is a Commercial Property for sale at $285,000 with 1,950 sqft and a lot size of 0.072. 563 S Lake Street was built in 1939. The property's zip code is 46403 which is in Gary, IN