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.

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

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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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