288 S Lake Street Gary, IN $ 145,900
288 S Lake Street
$ 145,900
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288 S Lake Street

Gary, IN, 46403
$ 145,900
Bedrooms-- Baths-- Sq 2,607

Monthly Estimate*

$ 898

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Commercial Property for sale in Gary, IN

for $145,900. This 2,607 square foot building was built in 1957 on a lot size of 0.165.

Great investment opportunity in the heart of the Miller Business District! This commercial fixer-upper sits on a prime corner lot, offering outstanding visibility, access, and long-term upside. Ideal for investors, developers, or owner-users looking to add value, the property features a flexible layout that can be reimagined for retail, office, service, or mixed-use potential. With off-street parking and strong street presence, this location is well-positioned to attract both foot and vehicle traffic. Bring your vision and transform this space into a profitable income-producing asset or a customized business location. Property is being sold as-is--seller will make no repairs. Don't miss the opportunity to secure a value-add commercial property in one of Gary's most desirable and growing districts.

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Commercial Pending

Price

$ 145,900

Property Type

Commercial

Taxes

$ 2,409

Style

Retail

Lot Size

0.165

Year Built

1957

Town/City

Gary

County/Region

Lake

MLS | Web ID

828637

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Natural Gas Connected
Year Built 1957
Electric 100 Amp Service 200+ Amp Service
View None
Township Calumet
Property Subtype Retail
Tax Year 2024
County Lake
Property Type Commercial Sale
Subdivision Name Lake Ave
Building Features Business District Location
Status Pending
Directions Route 20 to Lake St north
City Gary
High School District Gary
Zoning Description Commercial
Lot Size Square Feet 7187
Listing Terms Cash Conventional
Tax Annual Amount 2409
Standard Status Pending
Legal Description LAKE AVE. SUBDIV. EX.W.60FT. LOTS 1 2 3 BL.4
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Exterior
Exterior Amenities None
Parking Features Paved On Street Asphalt
Lot Features Corner Lot Paved
Water Source Public
Total Parking 6
Lot Size Acres 0.165
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Brent Sherman

Listing Agent

Mccolly Real Estate

Broker

brentsherman@mccolly.com

Email

Affordability Calculator

$1,099
Per Month
82%
18%
0%
Monthly Principal & Interest
$898
Monthly Property Taxes
$201
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
4001616 Elementary School
4001695 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/15/2026$145,900 -2.67% Price Down
12/31/2025$149,900 -25.01% Price Down
11/25/2025$199,900 -20.01% Price Down
10/1/2025$249,900 Listed Price

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288 S Lake Street, Gary, IN, 46403 is a Commercial Property for sale at $145,900 with 2,607 sqft and a lot size of 0.165. 288 S Lake Street was built in 1957. The property's zip code is 46403 which is in Gary, IN