288 S Lake Street, Gary, IN 46403

• 2,607 sqft

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.

Listing Status:

Active

Listing Office:

McColly Real Estate : (219) 763-4565

Listing Agent:

Brent Sherman :

MLS ID:

828637

Interior

• Basement: Partially Finished
• Heating: Forced AirNatural Gas

Exterior

• General: None
• Parking: AsphaltOn StreetPavedParking spaces: 6

Location

• Originating MLS: nira
• School District: Gary
• County: Lake

Lot

• Zoning: LAKE AVE. SUBDIV. EX.W.60FT. LOTS 123BL.4450906251013000004
• View: None

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected100 Amp Service200+ Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira

This listing courtesy of Brent Sherman, McColly Real Estate