Commercial Sale For Sale

508 Lake Street, Gary, Indiana

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Property Description

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!

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA838821
Price : $89,900
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1948
Lot Area : 2,700.72 Sqft
Status : Active
Acres : 0.062
Property Subtype 1 : Retail
Status : Active
Features
Heating System : Forced Air
Parking : Off Street, On Street, Alley Access, Concrete
Appliances
Appliances : No
Address Map
Country : US
State : IN
County : Lake
City : Gary
Street : Lake
Street Number : 508
Street Suffix : Street
Postal Code : 46403
Floor Number : 0
Longitude : W88° 43' 53.9''
Latitude : N41° 36' 5.1''
Directions : US-12 E/US-20 E to Lake St to property
Township : Calumet
MLS Addon
Office Name : Kirk & Company Your Home Sold
Listing Agent MLS ID : NRA10383
Listing Office MLS ID : NRA1185
Annual Tax Amount : $1,045
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2024
Commercial Sale For Sale
  • Listing ID : NRA838821
  • Bedrooms : 0
  • Bathrooms : 0
  • Lot Area : 2,700.72 Sqft
$89,900
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent