508 S Lake Street, Gary, IN 46403

$89,900

  • Open House
  • New Listing
  • Price Reduced
  • Sold
  • Leased
-1 More Schedule
  • 0 BedroomBeds
  • 0 BathroomBaths
  • 720Sqft
  • 0Acres
  • Commercial SaleType
  • ActiveStatus
  • 838821MLS#
-1 More Schedule

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Property Description 508 S Lake Street, Gary, IN 46403

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!



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Property Details 508 S Lake Street, Gary, IN 46403

  • On Market Date: 05/13/2026
  • Year Built: 1948
  • Sq. Ft.: 720
  • MLS#: 838821
  • Type: Commercial Sale
  • Status: Active
  • Lot Size: 2,700
  • Price: $89,900
  • City: Gary
  • State: IN
  • Zip: 46403
  • County: Lake
  • Price Per Sq Ft: $125
  • Development: NO
  • Date Last Updated: 05/14/2026
  • Property tax: $1,045
  • Basement: NO
  • Pool: NO
  • Water: Public
  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Central Air

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This calculator is provided for informational purposes only by Burrow Services, Inc. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.

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