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    Dyer, IN
    Conventional Restaurant

    Dyer, IN Conventional Restaurants for Sale

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    Lynwood, IL Schererville, IN Munster, IN Saint John, IN Crete, IL Highland, IN Lansing, IL Griffith, IN
    Dyer Commercial Building Opportunity
    Updated: Sep 16, 2024
    Dyer Commercial Building Opportunity

    1209 Sheffield Avenue, Dyer, IN 46311

    $699,900
    4,000 sqft 0.68 AC lot
    High‑traffic location on Sheffield Avenue with approximately 7,995 vehicles per day and easy access for Illinois commuters.
    Turnkey restaurant and bar operation with expansive dining areas and a private bar section with a separate entrance.
    Large 4,000 sq ft brick building on 0.68 acres suitable for various business uses.
    Ample on‑site parking with 35 spaces, paved driveway, and overflow parking.
    Versatile floor plan with high ceilings and modern lighting, ideal for hospitality or repurposing.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1209 Sheffield Avenue, Dyer, IN 46311

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    • Est. Cap Rate

      5.5%
      NOI ÷ price

    • Est. NOI

      $39K
      Annual

    • Price @ 7% Cap

      $551K
      Suggested

    • Property Type

      Restaurant
      Built 1962
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    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
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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
    Established Restaurant Landmark For Sale
    Established Restaurant Landmark For Sale

    2904 45th St, Highland, IN 46322

    $699,000

    Iconic Highland restaurant with loyal customer base since 1947.

    View details
    NNN Arby’s Restaurant Lease
    NNN Arby’s Restaurant Lease

    3915 Ridge Road ., Highland, IN 46322

    Contact for pricing

    Absolute NNN Arby’s is available with a remaining 15-year lease term and scheduled 7.5% rent increases every five years.

    View details

    Dyer, IN Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Dyer, IN on our real estate platform. These investment opportunities span a total of 7,970 square feet of properties for sale, with an estimated market value of $1,399,800.

    Sale prices for conventional restaurants in Dyer, IN average $699,900 — 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 $722.4K

    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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