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1150 W 49th Ave 11,553 SF Specialty Building Offered at $687,612 CAD in Gary, IN 46408
Investment Highlights
- Turnkey single-story facility with 11,553 SF of interior space.
- Former school and church facility designed for multipurpose use.
- Offered at an exceptional price point for a property with these attributes.
- Situated on 12.13 acres, offering outdoor space and expansion potential.
- Strategic location minutes from Broadway and Interstate 65.
- Ideal for educational, community center, religious, or institutional operations.
Executive Summary
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.
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.
Property Facts
| Price | $687,612 CAD | Building Class | C |
| Price Per SF | $59.52 CAD | Lot Size | 12.13 AC |
| Sale Type | Investment or Owner User | Building Size | 11,553 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Schools | Year Built | 1956 |
| Price | $687,612 CAD |
| Price Per SF | $59.52 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 12.13 AC |
| Building Size | 11,553 SF |
| No. Stories | 1 |
| Year Built | 1956 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45-08-33-176-014.000-001 | Improvements Assessment | $338,983 CAD |
| Land Assessment | $977,126 CAD | Total Assessment | $1,316,109 CAD |
Property Taxes
Parcel Number
45-08-33-176-014.000-001
Land Assessment
$977,126 CAD
Improvements Assessment
$338,983 CAD
Total Assessment
$1,316,109 CAD
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1150 W 49th Ave
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