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    2808 Dekalb Street Lake Station, IN 46405

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    Claim this Listing
    For Sale
    $200,000

    COMMERCIAL - Lake Station, IN

    Property size:
    3,894 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $51/SF
    Added:
    Sep 15, 2025
    Days on Market:
    235
    Last Refresh:
    May 7 at 8:06 pm

    Property Features for 2808 Dekalb Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking
    20
    Parking features
    Off Street
    Basement
    Crawl Space, Unfinished
    Appliances
    Freezer, Refrigerator, Range, Microwave
    Standard status
    Active
    APN
    450918356031000021
    Size
    3,894 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    1ST SUB EAST GARY BLK 6 LOTS 52,53,54
    Tax Annual Amount
    4082

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1924

    We can help!

    Listing Contact
    Penny O'Neill
    Penny O'Neill

    Listing agent Penny O'Neill License #RB14020698

    Listing office Home Connection Realty, Inc. 3321 Michigan Street, Hobart, IN

    Listing date Sep 15, 2025

    MLS# 827859

    Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key business opportunity with all licenses included (liquor, gaming, tobacco).
    • Includes all necessary equipment: kitchen, coolers, tables, chairs, bar stools.
    • Bonus: One‑bedroom owner's apartment (currently rented for $750/month).
    • Excellent accessibility: Located in a neighborhood with easy access to expressways.
    • Includes essential appliances: Freezer, Range, Refrigerator, Microwave.
    • Heating: Natural Gas, Forced Air

    Overview

    Turnkey Pub and Grub Business

    This is a turnkey business opportunity featuring Kimmie's Pub and Grub. The sale includes a 3-way liquor license, gaming license, tobacco license, kitchen equipment, coolers, tables, chairs, and bar stools. The property also includes a one-bedroom apartment, currently rented for $750 per month on a month-to-month lease, offering potential additional income. The building has 3894 square feet of space and sits on a 0.224-acre lot. The property includes a partial basement and a crawl space for storage. It is located in a neighborhood with easy access to expressways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm Kimmie's Pub & Grub Bar & Pub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Kitchen & Bath Showroom Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Station
    County
    Lake
    State
    Indiana
    Longitude
    -87.27542
    Latitude
    41.567235

    Nearby Similar for Sale

    • $450,000
      3,250 SF

      Turnkey Restaurant with Liquor License

      Fully equipped, remodeled restaurant with 3-way liquor license for sale.
      3634 Central Avenue, Lake Station, IN 46405
      View Details
    • Contact for pricing
      9,000 SF

      Lake Station Redevelopment Opportunity

      Former gas station with convenience store and car wash.
      4301 Central Ave, Lake Station, IN 46405
      View Details
    • $723,172
      10,920 SF

      Lake Station Retail Opportunity

      Retail property for sale in Lake Station, Indiana.
      2626 Central Ave, Lake Station, IN
      View Details

    FAQs

    What type of property is this?
    Pub - Turnkey pub and grub with licenses and apartment for sale.
    Where is this pub located?
    The property is located at 2808 Dekalb Street Lake Station, IN.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Turn‑key business opportunity with all licenses included (liquor, gaming, tobacco).; Includes all necessary equipment: kitchen, coolers, tables, chairs, bar stools.; Bonus: One‑bedroom owner's apartment (currently rented for $750/month).
    (219) 781-1600
    We can help!
    Listing Contact
    Penny O'Neill
    Penny O'Neill
    Real Estate License ID: RB14020698
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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