Gary, IN 46403 288 S Lake Street

288 S Lake Street Gary, IN - Image 1288 S Lake Street Gary, IN - Image 2288 S Lake Street Gary, IN - Image 3
5 more
288 S Lake Street Gary, IN - Image 4288 S Lake Street Gary, IN - Image 5288 S Lake Street Gary, IN - Image 6288 S Lake Street Gary, IN - Image 7288 S Lake Street Gary, IN - Image 8288 S Lake Street Gary, IN - Image 9
Presented By: Brent Sherman with McColly Real Estate - (219) 763-4565;
  • MLS# 828637
  • 10/01/2025
  • Get pre-approved
  • Request Tour
  • Request Info
  • SQFT • 2,607

Home Details

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.
Presented By: Brent Sherman with McColly Real Estate - (219) 763-4565;

General for 288 S Lake Street

Building FeaturesBusiness District Location
CityGary
CountyLake
DirectionsRoute 20 to Lake St north
Electric100 Amp Service, 200+ Amp Service
HeatingForced Air, Natural Gas
High School DistrictGary
Legal DescriptionLAKE AVE. SUBDIV. EX.W.60FT. LOTS 1, 2, 3, BL.4
Listing TermsCash, Conventional
Lot Size Square Feet7187
OwnerPaysAll Utilities
Property SubtypeRetail
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameLake Ave
Tax Annual Amount2409
Tax Year2024
TownshipCalumet
UtilitiesElectricity Connected, Natural Gas Connected
ViewNone
Year Built1957
Zoning DescriptionCommercial

Exterior for 288 S Lake Street

Exterior AmenitiesNone
Lot FeaturesCorner Lot, Paved
Lot Size Acres0.165
Lot Size SourceAssessor
Parking FeaturesPaved, On Street, Asphalt
Total Parking6
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Tam Huynh

Realtor
Price $199,900
MLS#828637
List Date 10/01/2025
Property Type Commercial
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 288 S Lake Street