2401 Central Avenue Lake Station, IN ^$ 467,000

2401 Central Avenue

^$ 467,000

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2401 Central Avenue

Lake Station, IN, 46405

^$ 467,000

Bedrooms-- Baths-- Sq 4,325

Monthly Estimate*

^$ 2,913

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Commercial Property for sale in Lake Station, IN

for $467,000. This 4,325 square foot building was built in 1946 on a lot size of 0.109.

Incredible opportunity to own a versatile commercial property in a high-traffic location! The building is currently set up as a restaurant and offers both indoor and outdoor dining areas, ideal for maximizing customer capacity and seasonal service. Ample parking is available with dual access from Central Ave and Fairview, perfect for ease of entry and exit. The property also features a spacious warehouse with a 12' overhead door, great for deliveries, storage, or expansion potential, as well as a 1-bedroom apartment for additional rental income. Strategically located just minutes from I-80/94, I-90, and I-65, this site offers outstanding visibility and accessibility. Don't miss this unique opportunity!

Commercial Active

Price

^$ 467,000

Property Type

Commercial

Taxes

^$ 10,769

Style

Mixed Use

Lot Size

0.109

Year Built

1946

Town/City

Lake Station

County/Region

Lake

MLS | Web ID

828536

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Utilities Other Water Available

Appliances None

Year Built 1946

Electric Other

View City

Township Hobart

Property Subtype Mixed Use

Tax Year 2024

County Lake

Property Type Commercial Sale

Subdivision Name Lake Station Add

Building Features Multi Tenant Mixed Use Acoustical Ceiling(s) Patio Courtyard Public Restrooms Other

Status Active

Directions 80/94 to Central to address on the right hand side

City Lake Station

Lot Size Square Feet 4748

Listing Terms Cash Conventional

Tax Annual Amount 10769.9

Standard Status Active

Legal Description LAKE STATION ADD. W'LY 25FT. L.6 BL .6 & E'LY 25 FT. L.7 BL.6

Exterior

Exterior Amenities None

Parking Features Attached Asphalt Garage Faces Rear

Water Source Public

Total Parking 12

Lot Size Acres 0.109

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Estela Lopez

Listing Agent

Mccolly Real Estate

Broker

estelalopez@mccolly.com

Affordability Calculator

$3,811

Per Month

Monthly Principal & Interest: $2,913
Monthly Property Taxes: $897
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Lake Station, IN

Average List Price ^$317,667

Percent of Sale Price 32%

About Lake Station, IN

11,981 Population

-11% Since 2002

^$42,017 Median Income

37.57 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/14/2025	$467,000	-5.66%	Price Down
9/30/2025	$495,000		Listed Price

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2401 Central Avenue, Lake Station, IN, 46405 is a Commercial Property for sale at $467,000 with 4,325 sqft and a lot size of 0.109. 2401 Central Avenue was built in 1946. The property's zip code is 46405 which is in Lake Station, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/16/2025.

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2401 Central Avenue

Commercial Property for sale in Lake Station, IN

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