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    301 Grant Ave Chesterton, IN 46304

    For Sale
    $450,000

    Business - Chesterton, IN

    Type:Business
    Property size:
    6,236 SF
    Lot size:
    0.79 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 301 Grant Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Rooms
    Basement
    APN
    640336408001000023
    Parking features
    Paved or Surfaced
    Exterior features
    Lighting
    Basement Y/N
    1
    Size
    6,236 SF
    Lot size
    0.79 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1961
    Architectural style
    Other

    McColly Real Estate (219) 864-7200 [email protected]

    Listing agent Paul Boyter (219) 926-1616 License #RB14020663

    Listing date Oct 16, 2025

    MLS# 829411 Listing URL

    Copyright © 2025 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.

    Overview

    Unique Train Car Business Opportunity

    This unique property offers the opportunity to own and operate a business within four interconnected train cars, joined by a central building and featuring eighty-foot decks on each side. Located in Chesterton, Indiana, the property is situated across the tracks from a train bed and breakfast and the Duneland Chamber of Commerce, the location of the European Market which attracts as many as 3,000 visitors per weekend. The 4th Street Theater is located across Fourth Street. The property is also conveniently located near Lake Michigan, Porter Beach, the South Shore Train Station, the Indiana Toll Road, I-94, and the Indiana Dunes National Park, which had over four million visitors in 2022. The 0.79-acre lot is part of the Chesterton Riverfront Development Project, making it eligible for a liquor license application. The property's location and unique structure present a stellar opportunity for various business ventures. The building size is 6,236 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesterton
    County
    Porter
    State
    Indiana
    Longitude
    -87.054714
    Latitude
    41.611927

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    FAQs

    What type of property is this?
    Restaurant - Own and operate a business in four train cars!
    Where is this restaurant located?
    The property is located at 301 Grant Ave Chesterton, IN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Own and operate a unique business within four train cars, connected by a central building and eighty-foot decks.; - Prime location across from a train-themed bed and breakfast and the Duneland Chamber of Commerce (European Market location with up to 3,000 weekend visitors).; - Convenient proximity to Lake Michigan, Porter Beach, South Shore Train Station, Indiana Toll Road, I-94, and Indiana Dunes National Park (over 4 million visitors in 2022).
    (219) 926-1616
    Request Owner's contact information
    301 Grant Ave Chesterton, IN 46304
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    Chesterton, IN 46304
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    301 Grant Ave Chesterton, IN 46304
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