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$275,000
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Property Description
Atlas Transmission has been wrenching away in Lake Station since 1968, and for the first time in over half a century, the doors to this landmark are swinging open for a new owner. That's right--real estate is on the market, and the business itself is negotiable for the right buyer.The property delivers a full-service setup: a 400 sq ft office/waiting area for customers and an impressive 4,800 sq ft auto service area built for serious work. Inside, you'll find 6 lifts (5 two-post and 1 four-post), dedicated transmission service tables, and plenty of room to keep business humming.This is more than just a garage--it's a local institution with decades of trust baked into the concrete. Sitting on a 0.51-acre paved lot, it's ready for the next chapter, whether you're an investor, a seasoned shop owner, or a bold entrepreneur ready to carry on the Atlas Transmission legacy.
Full Property Details
Full Property Details for 2318 Central Ave
General
- Sold For: $275,000
- Taxes: $7,218 (2023)
- Status: Closed
- Type: Retail
- Source: GNIAR
- MLS ID: 827248
- Added to Site: 132 day(s) ago
Interior
- Appliances: Gas Water Heater
Exterior
- Exterior Features: None
Location
- County: Lake
- Township: Hobart
- Driving Directions: Exit the Borman Expressway (I-94) at Central Avenue in Lake Station, head south on Central Avenue (IN-51/US-6) for about 0.3 miles, and Atlas Transmissions will be on your right at 2318 Central Avenue.
Heating & Cooling
- Heating Type: Natural Gas
Structural Information
- Square Feet: 5,200
- Year Built: 1968
Lot Features
- Lot Size (Acres): 0.506
- Lot Size (Sq. Ft.): 22,041
- Lot Features: Paved
Financial Considerations
- Tax Amount: $7,218
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: PARCEL N. OF CENTRAL AVE. 3769.44 FT W. OF E. LINE OF SECTION S.17 T.36 R.7 .506 AC
- Property ID: 450917326004000021
Listed by Brokerworks Group
Sold by New Chapter Real Estate
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Schools
Schools serving 2318 Central Ave
School District:Lake Station Community Schools
| Name | Grades | Distance |
|---|---|---|
Thomas A Edison Jr-Sr High School 3304 Parkside Avenue, Lake Station, IN 46405 | 7-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2318 Central Ave
Date
Details
Price
Change
Source
10/03/2025
Sold
$275,000
-16.67%
MLS
9/05/2025
Listed
$330,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2318 Central Avenue, Lake Station, IN 46405 (MLS# 827248) is a Retail property that was sold at $275,000 on October 03, 2025. Want to learn more about 2318 Central Avenue? Do you have questions about finding other Retail real estate for sale in Lake Station? You can browse all Lake Station real estate or contact a Coldwell Banker agent to request more information.

