1290 Ripley Street, Lake Station, IN 46405

$1,400,000
Property Type: Land Lot Size (sq. ft.): 251,341 Status: Active
Current Price: $1,400,000 List Date: 5/03/2026 Last Modified: 5/04/2026

Overview

Description

Prime commercial lot available!!! Perfectly positioned for maximum business exposure. Located just off Route 51 and close to Interstate 80-94, this site benefits from an impressive daily traffic count — with tens of thousands of vehicles passing by each day. This high-visibility location ensures your business will capture significant attention from both local customers and commuters traveling through the area. Ideal for retail, office space, or service-oriented businesses, this lot offers excellent accessibility, ample space for development, and the opportunity to establish your brand in a thriving commercial corridor. Don't miss out on securing this strategic location that combines convenience, visibility, and growth potential in the heart of Lake Station!

Listing Details MLS# 838204

General Property Information

Number Of Lots
2
Lot Size Acres
5.77
Lot Size Square Feet
251341.2
Lot Size Source
Assessor
Association YN
No
Waterfront YN
No
List Price/Acre
242634.32

Property Features

Current Use: Vacant Electric: Other Listing Terms: Cash; Conventional Lot Features: Corner Lot Possession: Close Of Escrow Possible Use: Agricultural; Commercial; Development; Investment; Mini-Storage; Office; Retail; Warehouse Sewer: Other Special Listing Conditions: None Utilities: None Water Source: None

Contract Information

Auction YN
No
Original List Price
1400000
Property Sub Type
Unimproved Land
Lease Considered YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant

Location Tax and Legal

Street Number
1290
Street Name
Ripley
Street Suffix
Street
County
Lake
State
IN
Postal Code
46405

Remarks and Miscellaneous

Public Remarks
Prime commercial lot available!!! Perfectly positioned for maximum business exposure. Located just off Route 51 and close to Interstate 80-94, this site benefits from an impressive daily traffic count — with tens of thousands of vehicles passing by each day. This high-visibility location ensures your business will capture significant attention from both local customers and commuters traveling through the area. Ideal for retail, office space, or service-oriented businesses, this lot offers excellent accessibility, ample space for development, and the opportunity to establish your brand in a thriving commercial corridor. Don't miss out on securing this strategic location that combines convenience, visibility, and growth potential in the heart of Lake Station!

Status Change Information

Major Change Timestamp
2026-05-03T22:45:05Z
Major Change Type
New Listing
Status Change Timestamp
2026-05-03

More Information

Exemption Information

Exemption YN
No

Location, Tax, and Legal

Tax Annual Amount
4526
Tax Year
2024
Tax Assessed Value
128800
Tax Legal Description
PT GOV LOT 3 W. OF HWY 51, S. OF NIPSCO N. OF HOBART RD NW1/4 NW1/4 EX. N'LY PT S.9 T.36 R.7 3.08AC
Parcel Number
450909100005000021
Additional Parcels YN
Yes
Additional Parcels Description
450909100004000021
Township
Hobart
Directions
head north on Ripley Street. Continue straight for about 1-2 miles. Property will be on your right at 1290 Ripley Street.
Census Tract
417

Electric

Other
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Corner Lot
Yes

Possession

Close Of Escrow
Yes

Sewer

Other
Yes

Special Listing Conditions

None
Yes

Utilities

None
Yes

Water Source

None
Yes

Current Use

Vacant
Yes

Possible Use

Agricultural
Yes
Commercial
Yes
Development
Yes
Investment
Yes
Mini-Storage
Yes
Office
Yes
Retail
Yes
Warehouse
Yes
Listing Office: VIA Realty
Last Updated: May - 04 - 2026
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