Turn Key Restaurant
Retail-Commercial
for Sale
| Catylist Listing ID: |
30682540 |
| Property Subtypes: |
Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
5,046 SF
|
| Gross Land Area: |
1.59 Acres
|
| Sale Price: |
$899,000 |
| Unit Price: |
$178.16 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/25/2023 |
Overview / Comments
Turn key restaurant with 3-way liquor license (Indiana 210-1) and all F, F & E (full kitchen/prep w/walk-ins, back bar, seating, POS equipment). Located along the retail corridor of Chesterton just off the I-94 interchange. Indian Boundary serves as Chesterton's northerly retail, medical, hospitality and office center. Minutes to Indiana National Lakeshore, Valparaiso and passenger rail to Chicago. Traffic counts approaching 28,000 VPD at intersection of Rt. 49 and 14,000 VPD on Indian Boundary.
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Additional Details
| Nearest MSA: |
Chicago-Naperville-Elgin |
| County: |
Porter |
| Tax ID/APN: |
64-04-31-253-001.000-023 |
| Zoning: |
PUD (COMMERCIAL) |
| Retail Clientele: |
General, Business, Tourist |
| Property Visibility: |
Good |
| Feet of Frontage: |
240 |
| Traffic/Vehicle Count: |
27,910 |
| Highway Access: |
Rt. 49 intersection within 0.25 mile, I-94 interchange within 0.75 mile. |
| Tenancy: |
Single Tenant |
| Property Condition: |
Average |
| Year Built: |
2004 |
| Year Renovated: |
2017 |
| Total Parking Spaces: |
108 |
| Parking Ratio: |
21.4 (per 1000 SF) |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
PUD |
| Lot Frontage: |
238 |
| Lot Depth: |
156 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Ingress/Egress |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,634 |
15,999 |
34,629 |
| Median Age: |
41.89 |
40.02 |
39.96 |
| Households: |
1,770 |
6,157 |
13,136 |
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