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    Hammond, IN
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    Hammond, IN Bars & Pubs for Sale

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    Turnkey Restaurant and Bar on Double Lot
    Updated: Jun 12, 2025
    Turnkey Restaurant and Bar on Double Lot

    6247 Kennedy Avenue, Hammond, IN 46323

    $1,000,000
    4,366 sqft 0.62 AC lot
    0.62‑acre double lot with two restaurant/bar tenants: Latin Bliss Restaurant (owner‑occupied) and Kenwood Tap (fully leased)
    Operating business included in the sale with a built‑in wet bar and restaurant/bar setup
    Appliances include built‑in gas range, refrigerator, freezer, microwave, dishwasher, and range hood
    Forced‑air heating and water heater included
    Year built: 1954
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    This listing looks promising.

    Here's a quick look at some key insights for

    6247 Kennedy Avenue, Hammond, IN 46323

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $85K
      Annual

    • Price @ 7% Cap

      $1.22M
      Above asking

    • Property Type

      Retail Stores
      Built 1954
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    Corner Commercial Bar Building
    Updated: Jun 3
    Corner Commercial Bar Building

    1403 Michigan Street, Hammond, IN 46320

    $225,000
    2,012 sqft 0.22 AC lot
    2000 SF commercial building
    Corner location on Michigan St and Tell Ave
    Parking with alley access and off‑street parking
    Additional storage in the back of the lot
    Utilities include cable available; services include public water and public sewer
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    Corner Bar and Restaurant Building
    Corner Bar and Restaurant Building

    1403 Michigan Street, Hammond, IN 46320

    $225,000
    2,000 sqft

    Standalone bar/restaurant building with on-site parking, commercial appliances, and rear storage to support a quick start-up buildout.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Hammond, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Dyer Commercial Building For Sale
    Dyer Commercial Building For Sale

    1209 Sheffield Avenue, Dyer, IN 46311

    $699,900
    3,970 sqft 0.68 AC lot

    Turnkey restaurant/bar on 0.68 acres with high traffic volume.

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    Former Bar and Restaurant Space
    Former Bar and Restaurant Space

    604 W 151st Street, East Chicago, IN 46312

    $95,000
    1,875 sqft 0.09 AC lot

    Previously operated bar with unique architectural features, currently vacant and without an active liquor license.

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    Restaurant and Bar Building
    Restaurant and Bar Building

    604 W 151st St, East Chicago, IN 46312

    $95,000
    1,875 sqft

    Previously operated bar space in East Chicago, suitable for food service or alternative concepts pending licensing.

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    Dyer Commercial Building on Sheffield
    Dyer Commercial Building on Sheffield

    1209 Sheffield Avenue, Dyer, IN 46311

    $744,900
    3,970 sqft 0.68 AC lot

    Versatile commercial building suitable for various business uses.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Itasca, IL
    Commercial Land in Itasca, IL

    100 S Walnut Street, Itasca, IL 60143

    Contact for pricing
    0.17 AC lot

    Commercial land available for sale in Itasca, Illinois.

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    Dwight Commercial Development Opportunity
    Dwight Commercial Development Opportunity

    900 N Union Street, Dwight, IL 60420

    $1,200,000
    5.50 AC lot

    Restaurant, bar, and commercial land for sale in Dwight, IL.

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    Zoned B-2 Commercial Land
    Zoned B-2 Commercial Land

    21835 State Road 120, Elkhart, IN 46516

    $330,000
    1.93 AC lot

    Nearly two-acre B-2 site with an existing 1,400-sq-ft building suited for office or retail concepts.

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    Commercial Land Parcel with Highway Access
    Commercial Land Parcel with Highway Access

    1400 LYNN Avenue, Fond Du Lac, WI 54935

    $275,000
    2.57 AC lot

    C-2 General Business District commercial land parcel located right off Highway 23 near Aurora Medical Clinic.

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    Hammond, IN Bars & Pubs Market Trends and Statistics

    Explore 3 bars & pubs for sale in Hammond, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,378 square feet of properties for sale, with an estimated market value of $1,450,000.

    Sale prices for pubs in Hammond, IN start at $225,000, averaging $483,333, and reaching up to $1,000,000 — 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 3
    Drive through restaurants 1

    Demographics Overview

    Population 117K
    Population Growth (5Y) +1.0%
    Median Household Income $68,360
    College Educated 24.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    46320 $232K
    46323 $1M

    Taxes & Financing

    Tax Rate (average for all types) 3.82%
    Property Tax per SF $41.87 per SF
    Tax Rate vs County Average 0.74 pp above 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

    Retail

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    • 46323

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