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About This Home

This 0-bedroom, 0-bathroom commercial at 508 S Lake Street in Gary, IN is listed for $89,900 ($125 per sqft). Built in 1948, the home offers 720 sqft of living space on a 0.06 acres lot.

Agent 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!

Key Features

  • Built in 1948
  • 0.06 acre lot
  • 3 parking spaces

Property Details

3 spaces
1948

Monthly Cost Estimate

$481/mo

20% down · 6.5% · 30 years

Principal$65
Interest$390
Insurance$26

Estimates only. Actual payments may vary.

Location

508 S Lake Street

Gary, IN 46403

Property Details

Parking

AlleyOff StreetOn Street

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 508 S Lake Street is listed at $89,900 ($125/sqft). The estimated monthly payment is $390 based on 20% down at 6.5% interest.

Key features include: Built in 1948, 0.06 acre lot, 3 parking spaces.

This property is listed by Lutrell Kirk and can be reached at 2193087179 or kirk@kirkandcompany.com.

LK

Lutrell Kirk

Agent at Kirk & Company Your Home Sold

(219) 308-7179

Listed by Kirk & Company Your Home Sold

MLS# 838821· Source: listhub· Updated 19 days ago

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

508 S Lake Street, Gary, IN 46403

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