


508 S Lake StreetGary, IN 46403
Commercial · 720 Sq. ft. | 0.06 Acres508 S Lake Street Overview
- Time on Site:
- 47 days
- Visits:
- 0
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!
508 S Lake Street Facts & Features
- Type Commercial
- Sq. ft. 720
- Price/Sq.ft. $125
- Lot 0.06 Acres
Details
General
Building Information
- Year Built: 1948
Location/Region
- County Or Parish: Lake
- Township: Calumet
Tax Information
- Tax Annual Amount: 1045
- Tax Year: 2024
General Information
- Listing Terms: Cash,Other
- Parcel Number: 450906401018000004
- Property Sub Type: Retail
- Property Type: Commercial Sale
- Special Listing Conditions: Standard
Interior
Building Interior
- Building Area Source: Assessor
General Information
- Appliances: None
- Basement: false
- Building Features: Other,Commercial Park Location,Acoustical Ceiling(s)
- Electric: Other
- Heating: Forced Air
- Living Area: 720
Exterior
Parking Information
- Parking Features: Off Street,On Street,Concrete,Alley Access
- Parking Total: 3
Lot Information
- Additional Parcels: false
- Lot Size Source: Assessor
- Lot Size Square Feet: 2700.72
- Water Source: Public
Waterfront/View
- Waterfront: false
General Information
- Sewer: Public Sewer
- Utilities: Electricity Available,Other,Natural Gas Available
508 S Lake Street Neighborhood
Community
46403 (Gary) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.508 S Lake Street Monthly Cost
508 S Lake Street Market Data
Based on the last 30 days in this zip code
508 S Lake Street History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: Northwest Indiana MLS | Active |
|
| 6/15/2026Source: Northwest Indiana MLS | Pending |
|
| 5/13/2026Source: Northwest Indiana MLS | May 13, 2026 |






















