This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$590,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Unlock the potential of this expansive 24,000+ square foot commercial building, formerly a successful neighborhood grocery store. The interior has been completely cleared, providing a blank canvas for investors, developers, or owner-users to bring their vision to life. The building features impressive ceiling heights of approximately 17'6" to the bottom of the roof deck and 15'10" to the bottom of the bar joists, offering flexibility for a wide range of commercial and industrial uses. A solid concrete floor remains intact, making the space ideal for warehouse, manufacturing, retail, or mixed-use redevelopment. Professionally prepared redevelopment plans for a grocery store are available and may be provided to qualified buyers.
Full Property Details
Full Property Details for 3232 Central Ave
General
- Price: $590,000
- Taxes: $4,361 (2024)
- Status: Active
- Type: Retail
- Source: GNIAR
- MLS ID: 844458
- Updated: Today (8/28/2026)
- Added to Site: Today
Interior
- Interior Features: High Ceilings, Open Floorplan
Exterior
- Exterior Features: Rain Gutters
Parking
- Parking Features: Attached, Paved, Garage Faces Front, Asphalt, Off Street
Location
- County: Lake
- Township: Hobart
- Driving Directions: From I-80/94, take Ripley Street south to Central Avenue. Turn right (west) onto Central Avenue and continue to the property.
Heating & Cooling
- Heating Type: None
Structural Information
- Square Feet: 24,629
- Year Built: 1973
Lot Features
- Lot Size (Acres): 1.53
- Lot Size (Sq. Ft.): 66,647
- Lot Features: Rectangular Lot
Financial Considerations
- Tax Amount: $4,361
- Tax Year: 2024
- Terms: Cash, VA Loan, Owner Assisted, Lease Purchase, FHA, Conventional
Disclosures and Reports
- Legal Description: PT. NE.1/4 S.17 T.36 R.7 LY'NG S. OF RR R/W 1.523AC
- Property ID: 450917276004000021
Listed by Chayanta Spaniol
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 3232 Central Ave
School District:Lake Station Community Schools
| Name | Grades | Distance |
|---|---|---|
Virgil I Bailey Elementary School 2100 Union Street, Lake Station, IN 46405 | K-6 | 0.7 mi |
Thomas A Edison Jr-Sr High School 3304 Parkside Avenue, Lake Station, IN 46405 | 7-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3232 Central Ave
Date
Details
Price
Change
Source
8/28/2026
Listed
$590,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3232 Central Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,968
-14%
$124,100
—
2023
$5,797
-57%
$124,500
-68%
2022
$13,611
-36%
$384,500
5%
2020
$21,371
2%
$367,100
-2%
2019
$20,950
—
$374,100
-68%
2019
$20,950
-56%
$1,168,700
2%
2018
$47,521
6%
$1,150,100
4%
2017
$44,708
—
$1,101,400
-6%
2017
$44,708
21%
$1,175,100
-2%
2016
$36,812
-12%
$1,202,500
184%
2015
$41,724
27%
$423,900
-36%
2013
$32,889
55%
$665,000
58%
2012
$21,155
—
$419,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3232 Central Ave
3232 Central Avenue, Lake Station, IN 46405 (MLS# 844458) is a Retail property. 3232 Central Avenue is currently listed for $590,000 and was received on August 28, 2026. Want to learn more about 3232 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.

