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    Lake Station, IN
    Conventional Restaurant

    Lake Station, IN Conventional Restaurants for Sale

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    Griffith, IN Hammond, IN Hobart, IN Highland, IN East Chicago, IN Schererville, IN Crown Point, IN Portage, IN
    Two-Story Mixed-Use Property
    Updated: Jul 24
    Two-Story Mixed-Use Property

    2439 W 15th Avenue, Gary, IN 46404

    $225,000
    3,387 sqft 0.07 AC lot
    3,387‑square‑foot mixed‑use property on a 0.068‑acre lot
    Two‑story layout with restaurant and bar space on the first floor
    Upper‑level residential unit with private entrance, multiple bedrooms, full bathroom, and kitchen
    Built in 1920 with basement and storage space
    On‑street, off‑street, and garage parking
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    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
    Includes kitchen equipment, materials, furnishings, and a 3‑way liquor license
    Newly remodeled kitchen and bathrooms plus signage
    Pergola‑covered outdoor seating area
    Wet bar and basement
    0.078‑acre lot with 3,250 SF built in 1945
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    Restaurant and Bar with Paved Parking
    Restaurant and Bar with Paved Parking

    1233 Central Ave, Lake Station, IN 46405

    Contact for pricing

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

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Renovated Pizza Shop and Dining
    Renovated Pizza Shop and Dining

    720 N Lake St, Gary, IN 46403

    Contact for pricing

    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

    Contact for pricing

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

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Lake Station, 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.

    Restaurant with Wet Bar
    Restaurant with Wet Bar

    6247 Kennedy Avenue, Hammond, IN 46323

    $1,500,000
    4,366 sqft 0.62 AC lot

    0.62-acre restaurant property with a wet bar, two on-site tenants, forced-air heating, and public water and sewer.

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    Turnkey Restaurant and Bar
    Turnkey Restaurant and Bar

    6247 Kennedy Ave, Hammond, IN 46323

    $1,500,000
    4,366 sqft 0.62 AC lot

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

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    Turn-Key Restaurant Bistro
    Turn-Key Restaurant Bistro

    54 Main St, Hobart, IN 46342

    Contact for pricing

    Fully furnished bistro with scenic outdoor dining and river-front views, plus upstairs living space.

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    Former Restaurant with High Visibility
    Former Restaurant with High Visibility

    3700 Montgomery St, Hobart, IN 46342

    Contact for pricing
    4,753 sqft

    Former restaurant with large parking lot and available liquor license.

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    Lake Station, IN Conventional Restaurants Market Trends and Statistics

    Explore 5 conventional restaurants for sale in Lake Station, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 6,637 square feet of properties for sale, with an estimated market value of $575,000.

    Sale prices for conventional restaurants in Lake Station, IN start at $225,000, averaging $287,500, and reaching up to $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 3
    Bars & Pubs 2
    Commercial kitchens 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) +0.5%
    Median Household Income $57,005
    College Educated 13.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    46405 $350K

    Taxes & Financing

    Tax Rate (average for all types) 4.46%
    Property Tax per SF $72.47 per SF
    Tax Rate vs County Average 1.39 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

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