508 S Lake Street Gary, IN $ 89,900
508 S Lake Street
$ 89,900
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508 S Lake Street

Gary, IN, 46403
$ 89,900
Bedrooms-- Baths-- Sq 720

Monthly Estimate*

$ 554

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Commercial Property for sale in Gary, IN

for $89,900. This 720 square foot building was built in 1948 on a lot size of 0.062.

ATTENTION SMALL BUSINESS OWNERS, INVESTORS & CONTRACTORS... OPPORTUNITY IS KNOCKING! *Attention CREATE MY OWN SPACE SMALL BUSINESS OWNERS - Entrepreneurs, Investors, Barber / salon owner, Nail tech / esthetician, Insurance agent / mortgage broker, Boutique owner, Startup service business* "Stop paying rent...own your space and build it YOUR way"-------**Attention TO ALL OF THE VALUE - ADD INVESTORS IN NWI - Small commercial investors, Landlords expanding into mixed-use, "Fix & hold" investors** Buy this discounted space, Renovate it, and then Lease it out at higher rate, Refinance or hold for cash flow "This is an Under market value + forced appreciation opportunity".--------*** LOOKING FOR OPPORTUNITY? CONTROL? UPSIDE? Well this is your Blank Canvas Business Opportunity! You can Own Your Own Location for less than rent! In fact...Why keep paying rent when you can OWN your own space and build equity at the same time? This approx. 720 sq ft retail/office space is priced BELOW market to reflect needed updates--giving you the chance to customize it EXACTLY how you want it while creating instant upside. Perfect for a barber shop, salon, boutique, insurance office, tax service, or any service-based business looking for an affordable location with long-term control. Investors--this is your chance to step into a value-add commercial property with strong income potential after renovations. Contractors--turn your skills into equity and design your ideal workspace from the ground up. Opportunities like this are getting harder to find, especially at an entry-level price point. Whether you're looking to launch, expand, or invest, this is a blank canvas with serious potential. Call today for details and start turning this space into your next income-producing asset!

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Commercial Active

Price

$ 89,900

Property Type

Commercial

Taxes

$ 1,045

Style

Retail

Lot Size

0.062

Year Built

1948

Town/City

Gary

County/Region

Lake

MLS | Web ID

838821

Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Electricity Available Other Natural Gas Available
Appliances None
Year Built 1948
Electric Other
Township Calumet
Property Subtype Retail
Tax Year 2024
County Lake
Property Type Commercial Sale
Building Features Other Commercial Park Location Acoustical Ceiling(s)
Status Active
Directions US-12 E/US-20 E to Lake St to property
City Gary
Lot Size Square Feet 2700.72
Listing Terms Cash Other
Tax Annual Amount 1045
Standard Status Active
Legal Description CHAS. F. BLANK'S RESUB. BLK. 13 N. 1/2 LOT 3 BL. 1 S. 7.5 FT. LOT 2 BL. 1
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Exterior
Parking Features Off Street On Street Concrete Alley Access
Water Source Public
Total Parking 3
Lot Size Acres 0.062
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Lutrell Kirk

Listing Agent

Kirk & Company Your Home Sold

Broker

Kirk@KirkAndCompany.com

Email

Affordability Calculator

$641
Per Month
86%
14%
0%
Monthly Principal & Interest
$554
Monthly Property Taxes
$87
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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The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$89,900 Listed Price

Map


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508 S Lake Street, Gary, IN, 46403 is a Commercial Property for sale at $89,900 with 720 sqft and a lot size of 0.062. 508 S Lake Street was built in 1948. The property's zip code is 46403 which is in Gary, IN