288 S Lake ST Active Save Request In-Person Tour Request Virtual Tour
Gary,IN 46403
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,607 sqft
Price per Sqft $95
Subdivision Lake Ave
MLS Listing ID 828637
Year Built 1957
Annual Tax Amount $2,409
Tax Year 2024
Lot Size 7,187 Sqft
Acres 0.165
Property Sub-Type Retail
Property Description
Prime Investment Opportunity in Miller Business District - Gary, IN. This commercial property on bustling Lake Street offers incredible potential in one of Gary's most vibrant and growing areas. Currently occupied part-time, the building had strong bones but is in need of renovation - making it a perfect project for an investor or business owner with vision. Originally home to a well-known local restaurant, the building still carries the charm and history of its roots. With the interior mostly cleared out and ready for redevelopment, the space is a blank canvas that can be transformed to fit a wide variety of uses - restaurant, retail, studio, office, or mixed-use. Located in the heart of the Miller business district, this property benefits from steady foot traffic, high visibility, and close proximity to Lake Michigan, Marquette Park, and the South Shore Line. The district is known for its unique shops, restaurants, and growing arts scene, making this a rare opportunity to join a thriving community at the right time. With new vision and care, this property can be revitalized into a defining feature of Lake Street. Position your business for success in this premier location, complete with a 13-car private parking lot offering exceptional convenience for clients, staff, and guests. Nestled near the Douglas Center and Indiana Dunes National Park, the property combines natural surroundings with unmatched accessibility. The South Shore commuter line ensures seamless connectivity to Chicago, while immediate access to I-80/94, the Toll Road, and I-65 places the entire region within easy reach. Situated in a thriving business district, the property benefits from proximity to a well-established network of amenities, including a modern library, acclaimed restaurants, and a dynamic art center. This vibrant setting enhances both professional appeal and lifestyle value, making it an exceptional choice for businesses seeking visibility, growth, and prestige.
Location
State IN
County Lake
Zoning Commercial
Interior
Heating Forced Air,Natural Gas
Fireplace N
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Corner Lot,Paved
Schools
School District Gary
Others
Tax ID 450906251013000004
Acceptable Financing NRA20251001184947404909000000
Listing Terms NRA20251001184947404909000000