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$275,000 -$24,999 (-8.33%) Price Reduced
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Property Description
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, or entertainment. Formerly a thriving bar, this space is already outfitted to bring your business dreams to life be it a restaurant, garage, etc. Step inside and you'll find fully equipped kitchen facilities, including commercial-grade appliances, freezers, and prep areas, along with existing furniture and fixtures--allowing you to start operations without the heavy upfront investment. The open, adaptable floor plan invites endless possibilities, whether you envision a bustling restaurant, a vibrant event space, or a unique retail destination. Outside, a large parking lot ensures convenient access for patrons, while the strategic location places you in the heart of the action, surrounded by established businesses and steady traffic flow. This property is not just a space--it's a springboard for success, combining function, location, and amenities to help you hit the ground running. Note: Liquor license does not come with building & would need to be applied for.
Full Property Details
Full Property Details for 4825 Central Ave
General
- Price: $275,000
- Taxes: $12,003 (2023)
- Status: Active
- Type: Business
- Source: GNIAR
- MLS ID: 825719
- Updated: 2/12/2026
- Added to Site: 190 day(s) ago
Interior
- Appliances: Freezer, Refrigerator, Gas Range
Exterior
- Exterior Features: None
Parking
- Parking Features: Off Street, Asphalt
Location
- County: Lake
- Township: Hobart
- Subdivision: Park Rdg Add/East Gary
- Driving Directions: Ripley St to Central Ave to property
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 2,560
- Year Built: 1982
Lot Features
- Lot Size (Acres): 0.772
- Lot Size (Sq. Ft.): 33,628
- Lot Features: Paved
Financial Considerations
- Tax Amount: $12,003
- Tax Year: 2023
- Terms: Cash, Other
Disclosures and Reports
- Legal Description: PARK RIDGE ADD BL.11 LOTS 1 THRU 10 EX. N.5FT OF LOTS 3 THRU 7 IN R/W
- Property ID: 450916282003000021
Listed by New Chapter Real Estate
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Schools
Schools serving 4825 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 | 1.1 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 4825 Central Ave
Date
Details
Price
Change
Source
2/12/2026
Price Reduced
$275,000
-8.33%
MLS
12/15/2025
Price Reduced
$299,999
-11.76%
MLS
9/06/2025
Price Reduced
$340,000
-20%
MLS
8/08/2025
Listed
$425,000
—
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 4825 Central Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,583
-21%
$343,300
1%
2023
$15,858
32%
$340,600
—
2022
$12,036
-37%
$340,000
1%
2020
$19,143
55%
$335,000
—
2019
$12,353
-10%
$335,100
—
2018
$13,679
41%
$335,200
45%
2017
$9,681
—
$231,100
1%
2017
$9,681
18%
$227,800
117%
2016
$8,214
126%
$104,900
199%
2015
$3,640
111%
$35,100
1%
2013
$1,726
-12%
$34,900
-11%
2012
$1,965
—
$39,000
—
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 4825 Central Ave
4825 Central Avenue, Lake Station, IN 46405 (MLS# 825719) is a Business property. 4825 Central Avenue is currently listed for $275,000 and was received on August 08, 2025. Want to learn more about 4825 Central Avenue? Do you have questions about finding other Business 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.

