Conventional Restaurant

Gary, IN Conventional Restaurants for Sale

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6 properties
Turnkey Restaurant with Liquor License
Updated: May 16, 2025
Turnkey Restaurant with Liquor License

3634 Central Avenue, Lake Station, IN 46405

$350,000
3,250 sqft 0.08 AC lot
Turnkey Restaurant with Valuable 3‑Way Liquor License
Fully Equipped and Newly Remodeled Kitchen and Interior
Prime Location
Includes All Furnishings and Materials
Welcoming Pergola‑Covered Outdoor Seating Area
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Brick Salon and Retail Units
Updated: Apr 24
Brick Salon and Retail Units

4481 Broadway, Gary, IN 46408

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Two brick commercial units on one property—upper salon setup plus a separate lower unit
Upper unit is move‑in ready with an updated waiting area and reception desk
Upper unit includes six private suites and three shampoo stations with dryer setups
Upper unit features a full bathroom and a bonus playroom area
Lower unit is a blank canvas needing TLC for uses like retail, cafe, or smoothie bar
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Renovated Pizza Shop and Dining
Renovated Pizza Shop and Dining

720 N Lake St, Gary, IN 46403

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Completely renovated pizza shop with a front service window, heated dining area, and an included liquor license.

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Mixed-Use Retail and Apartment Building
Mixed-Use Retail and Apartment Building

4400 Liverpool Road, Lake Station, IN 46405

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Mixed-use building previously used as a retail store and pizza restaurant, with an attached 3-bedroom apartment.

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Convenience Store and Car Wash
Convenience Store and Car Wash

3101 W 5th Avenue, Gary, IN 46406

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Recently renovated convenience store with Mobil gas station, upgraded car wash, and LED lighting, plus an attached empty land parcel.

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Restaurant and Bar with Paved Parking
Restaurant and Bar with Paved Parking

1233 Central Ave, Lake Station, IN 46405

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Turnkey bar and grill with remodeled interior, rubber roof, two A/C units, and rear paved parking area.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 Active listings in Gary, 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.

Turnkey Restaurant and Bar
Turnkey Restaurant and Bar

6247 Kennedy Ave, Hammond, IN 46323

$1,000,000
4,366 sqft 0.62 AC lot

Own an operating restaurant plus a fully leased bar on a double lot.

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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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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.

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Mixed-Use Building with Restaurant
Mixed-Use Building with Restaurant

6824 Calumet Ave, Hammond, IN 46324

$349,900

Mixed-use building combines a restaurant space and office area on a small commercial lot with strong street visibility.

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Gary, IN Conventional Restaurants Market Trends and Statistics

Explore 6 conventional restaurants for sale in Gary, IN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 3,250 square feet of properties for sale, with an estimated market value of $350,000.

Sale prices for conventional restaurants in Gary, IN average $350,000 — 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

Conventional restaurants 6
Bars & Pubs 5
Drive through restaurants 3
Commercial kitchens 2

Demographics Overview

Population 124K
Population Growth (5Y) -7.7%
Median Household Income $47,747
College Educated 15.8%

Taxes & Financing

Tax Rate (average for all types) 7.93%
Property Tax per SF $79.79 per SF
Tax Rate vs County Average 6.93 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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