x
Showing 1 of 0
X
Save

288 S Lake Street
Gary IN 46403 US

$249,900

Active Listing ID 828637
lot icon
Lot: 0.17 Acres
home icon
Retail

$249,900

Active Listing ID 828637
Save

288 S Lake Street 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.

Collapse all

Property Features

  • Facts
  • Lot Size: 0.17 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Retail
  • Features
  • Exterior Finish: Corner Lot, Paved
  • Heating Fuels: Forced Air, Natural Gas

Property

  • propertytype: Commercial Sale
  • propertysubtype: Retail
  • listprice: 249900
  • unparsedaddress: 288 S Lake Street
  • postalcity: Gary
  • stateorprovince: IN
  • country: US
  • postalcode: 46403
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.165
  • lotsizeunits: Acres
  • lotsizearea: 0.165
  • livingarea: 2607
  • livingareaunits: Square Feet
  • latitude: 41.604467
  • longitude: -87.268336
  • listagentfullname: Brent Sherman
  • listagentemail: brentsherman@mccolly.com
  • listagentkey: 3yd-GNIARIN-19005
  • listagentmlsid: 19005
  • listagentpreferredphone: 2194873331
  • listagentofficephone: 2197634565
  • listofficekey: 3yd-GNIARIN-256
  • listagentstatelicense: RB24000630
  • listofficemlsid: 256
  • disclaimer: Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GNIARIN
  • yearbuilt: 1957
  • listingcontractdate: 2025-10-01
  • listagenturl: http://www.mccolly.com
  • countyorparish: Lake
  • parcelnumber: 450906251013000004
  • elementaryschooldistrict: Gary
  • middleorjuniorschooldistrict: Gary
  • highschooldistrict: Gary
  • heating: Forced Air, Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: On Street, Paved or Surfaced
  • waterfrontyn: False
  • exteriorfeatures: Corner Lot, Paved
  • architecturalstyle: Other
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.26833, 41.604465
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"McColly Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"brentsherman@mccolly.com", "ListBrokerageCity":"Schererville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"rmccolly@mccolly.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/GNIARIN/b10a743147d611dfb0db00219b9aa4d8/20170327203656540.png", "ListBrokerageName":"McColly Real Estate", "ListBrokeragePhone":"(219) 864-7200", "ListBrokeragePostalCode":"46375", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"800 Deer Creek Drive", "ListBrokerageWebsiteUrl":"http://www.mccolly.com", "ListOfficeAddress1":"6445 US Highway 6", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"2383", "ListOfficeCity":"Portage", "ListOfficeCountry":"US", "ListOfficeEmail":"portage@mccolly.com", "ListOfficePostalCode":"46368", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"Retail - Gary, IN", "ListingURL":"https://listings.listhub.net/pages/GNIARIN/828637/?channel=rexren", "MLSModificationTimestamp":"2025-10-06T09:08:14Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Retail", "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2409, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/7/2025 12:04:47 PM GMT
Source Updated Date: 12/5/2025 12:40:34 PM GMT

Courtesy of: Brent Sherman, McColly Real Estate, brentsherman@mccolly.com

Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.