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    Dyer, IN
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    Dyer, IN Bars & Pubs for Sale

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    Lynwood, IL Schererville, IN Munster, IN Saint John, IN Crete, IL Lansing, IL Highland, IN Griffith, IN
    Dyer Commercial Building on Sheffield
    Updated: Nov 11, 2024
    Dyer Commercial Building on Sheffield

    1209 Sheffield Ave, Dyer, IN 46311

    $699,900
    4,000 sqft 0.68 AC lot
    Prime commercial location on Sheffield Avenue with high traffic volume and excellent visibility.
    Spacious, almost 4,000 sq ft brick building on 0.68 acres suitable for various business uses.
    Currently operating as a turnkey restaurant and bar with expansive dining areas and a private bar section.
    Ample on‑site parking with paved and overflow spaces.
    Convenient access for Illinois commuters and located just 32 miles from Chicago.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1209 Sheffield Ave, Dyer, IN, 46311

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Price @ 7% Cap

      $725K
      Above asking

    • Property Type

      Restaurant
      Built 1962
    View Property Analytics
    Brick Restaurant and Bar Property
    Updated: Nov 11, 2024
    Brick Restaurant and Bar Property

    1209 Sheffield Avenue, Dyer, IN 46311

    $699,900
    3,970 sqft 0.68 AC lot
    3,970‑square‑foot brick building on 0.684 acres
    Currently configured for restaurant and bar operations
    Private bar area with a separate entrance
    Approximately 7,995 vehicles per day on Sheffield Avenue
    Paved parking with additional overflow spaces
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    Fully Built-Out Bar Restaurant
    Fully Built-Out Bar Restaurant

    1027 Sheffield Avenue, Dyer, IN 46311

    $1,099,000
    9,848 sqft

    Operational bar/restaurant includes full-service bar, pool tables, games, seating, FF&E, and a Dyer 3-way liquor license.

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    Dyer Commercial Building Opportunity
    Dyer Commercial Building Opportunity

    1209 Sheffield Avenue, Dyer, IN 46311

    $699,900
    4,000 sqft 0.68 AC lot

    Spacious commercial building suitable for restaurants, bars, retail, and offices.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Dyer, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Built Out Restaurant with Full Bar
    Fully Built Out Restaurant with Full Bar

    48 E JOLIET ST, Schererville, IN 46375

    Contact for pricing
    7,038 sqft

    Fully built out restaurant with a full bar, remodeled dining room in 2024, and a remodeled apartment above with tenant.

    View details
    Restaurant Building with Apartment
    Restaurant Building with Apartment

    48 E Joliet St, Schererville, IN 46375

    Contact for pricing
    7,038 sqft

    This for-sale restaurant building totals 7,038 SF, featuring a 3,000 SF main-floor restaurant with full bar and a remodeled dining room.

    View details
    Remodeled Bar with Event Space
    Remodeled Bar with Event Space

    3323 Ridge Road, Lansing, IL 60438

    $725,000

    Full kitchen, outdoor patio, and an upstairs apartment complement the bar’s customer areas.

    View details
    Remodeled Restaurant with Upstairs Apartment
    Remodeled Restaurant with Upstairs Apartment

    3323 Ridge Road, Lansing, IL 60438

    $725,000
    0.18 AC lot

    Full-service restaurant with a large bar, outdoor patio, commercial kitchen, and event-ready seating areas.

    View details

    Dyer, IN Bars & Pubs Market Trends and Statistics

    Explore 4 bars & pubs for sale in Dyer, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 21,818 square feet of properties for sale, with an estimated market value of $3,198,700.

    Sale prices for pubs in Dyer, IN start at $699,900, averaging $799,675, and reaching up to $1,099,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 5
    Conventional restaurants 3
    Drive through restaurants 3
    Turn key restaurants 2
    Pubs 1

    Demographics Overview

    Population 23K
    Population Growth (5Y) +8.2%
    Median Household Income $109,167
    College Educated 50.9%

    High-Yield Neighborhoods for Investment

    Identify Dyer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46311 $847.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.02%
    Property Tax per SF $27.54 per SF
    Tax Rate vs County Average 1.04 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lake County

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