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Listing provided courtesy of New Chapter Real EstateNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 825719MLS Provider

4825 Central AvenueLake Station, IN 46405

Commercial · 2,560 Sq. ft. | 0.77 Acres
$275,000 Active

4825 Central Avenue Overview

Time on Site:
325 days
Visits:
2

Prime Commercial Opportunity -- Ready for Your Vision! Unlock the potential of this versatile commercial property in a high-visibility, high-traffic location--perfect for your next venture in hospitality, dining, retail, entertainment, or beyond. Formerly a thriving bar, this space offers the ideal foundation to bring your business dreams to life, whether you envision a restaurant, garage, event venue, or something completely unique. The adaptable floor plan creates the perfect canvas for customization, allowing you to shape the space to fit your exact needs and style. Outside, a spacious parking lot provides easy access for customers and staff, while the prime location places your business in the center of steady traffic and surrounding established businesses. This isn't just a building--it's an opportunity to create something exciting in a location built for success. Note: Liquor license does not transfer with the property and would need to be applied for separately.

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4825 Central Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 2,560
  • Price/Sq.ft. $107
  • Lot 0.77 Acres

Details

General

Building Information

  • Year Built: 1982

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Park Rdg Add/East Gary
  • Township: Hobart

Tax Information

  • Tax Annual Amount: 12003
  • Tax Year: 2023

General Information

  • Listing Terms: Cash,Other,Conventional
  • Parcel Number: 450916282003000021
  • Property Sub Type: Business
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Appliances: Freezer
  • Basement: false
  • Building Features: Public Restrooms
  • Electric: 100 Amp Service,200+ Amp Service
  • Heating: Forced Air,Natural Gas
  • Living Area: 2560

Exterior

Parking Information

  • Parking Features: Off Street,Asphalt
  • Parking Total: 1500

Lot Information

  • Lot Features: Paved
  • Lot Size Acres: 0.772
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 33628
  • Water Source: Public

Waterfront/View

  • View: City,Neighborhood
  • Waterfront: false

General Information

  • Exterior Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Water Connected

4825 Central Avenue Neighborhood

Community

46405 (Lake Station) Demographics

37
Median Age
1,191
Population Density (per sq. mile)
14%
College Educated
$46,824
Estimated Median Income
2,591
Estimated Total Home Owners
1,183
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4825 Central Avenue Monthly Cost

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$ %
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$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4825 Central Avenue Market Data

Based on the last 30 days in this zip code

$204,940
Average List Price
$139
Average Price per Square Foot
7
Properties Sold
68
Average Days on Market
39
Properties for Sale
Calculations provided by Reliance Network

4825 Central Avenue History

Date Event Value Agent
2/12/2026Source: Northwest Indiana MLS Price Reduction
$275,000 -8.3%
12/15/2025Source: Northwest Indiana MLS Status Change
Active
12/15/2025Source: Northwest Indiana MLS Price Reduction
$299,999 -11.8%
10/15/2025Source: Northwest Indiana MLS Status Change
Accepting Backup Offers
10/14/2025Source: Northwest Indiana MLS Status Change
Active Under Contract
9/6/2025Source: Northwest Indiana MLS Price Reduction
$340,000 -20.0%
8/8/2025Source: Northwest Indiana MLS Added to Database
August 08, 2025