1150 W 49th Ave - Schools FOR SALE


Gary, IN 46408- Glen Park
$499,000 USD
317-658-5005
1150 W 49th Ave, Gary, IN for Sale
$499,000 USD
Schools - FOR SALE
1/12
null | Request Cap Rate

1150 W 49th Ave
Gary, IN 46408
Glen Park


HIGHLIGHTS

  • Turnkey single-story facility with 11,553 SF of interior space.
  • Situated on 12.13 acres, offering outdoor space and expansion potential.
  • Former school and church facility designed for multipurpose use.
  • Strategic location minutes from Broadway and Interstate 65.
  • Offered at an exceptional price point for a property with these attributes.
  • Ideal for educational, community center, religious, or institutional operations.

OVERVIEW

This former Ascension Lutheran Christian School property in Gary, Indiana, presents a rare opportunity for educational, community, or institutional users. The site offers 11,553 SF of functional single-story layout situated on over 12 acres of land. Its expansive footprint includes classrooms, conference rooms, offices, restrooms, and a full-service kitchen, making it suitable for a range of repurposing options. Positioned just minutes from Broadway and I-65, the property benefits from easy regional connectivity and proximity to the industrial corridor and growing suburban communities. Acreage allows for future expansion or outdoor recreational use, while the existing structure enables rapid operational readiness. Built in 1956 and located in an unincorporated area, the property provides flexibility for adaptive reuse. Aggressively priced at $499,000, this asset is well-suited for schools, churches, nonprofits, or specialty organizations seeking a large campus environment in Northwest Indiana.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.13 AC

LAND SF

528,383 SF

ZONING

-

APN/PARCEL ID

45-08-33-176-014.000-001

ASK ABOUT THIS PROPERTY

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317-658-5005

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317-658-5005

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