Fully Built-Out Bar
1027 Sheffield Avenue Dyer, IN 46311
1027 Sheffield Avenue, Dyer, IN, 46311
$1,099,000
For Sale
$1,099,000
Operational bar/restaurant includes full-service bar, pool tables, games, seating, FF&E, and a Dyer 3-way liquor license.
Property Size9,848 SF
Price / SF$111.60
Days on Market69
Property Features for 1027 Sheffield Avenue
General Information
- Standard status
- Active
- Size
- 9,848 SF
- Property subtype
- Retail - Street Retail
Building Details
- Year Built
- 1976
Listing agency
Latitude Commercial
(219) 864-0200
Listed by
Brett McDermott · License #RB14050416
Source
Commercialcafe
Added: May 14 Updated: Jul 21 at 1:01AM Checked: Jul 21 at 4:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Latitude Commercial
Investment Insights
Based on property information with market context.
This +/- 9,848 SF property includes a fully built-out, operational bar/restaurant with a full-service bar, pool tables, games, and seating. The sale includes all furniture, fixtures, and equipment (FF&E), supporting immediate operational continuity. A valuable Dyer 3-way liquor license is also included. In addition to the bar/restaurant component (included in the sale), the building is occupied by a Chinese restaurant paying under market rent on an NNN basis, and the property is described as well-maintained.
The property is located on Sheffield Avenue near established daily-needs anchors, including Berkot’s Super Foods and Ace Hardware. The public remarks note that the recent opening of the Munster/Dyer South Shore Line Station has increased vehicle flow along this corridor, with additional access to U.S. Route 30 and Interstate 80/94.
The building is positioned for a seamless transition for a new bar/restaurant operator, and the public remarks also state the option to demise or reposition portions for retail or office use.
The property is located on Sheffield Avenue near established daily-needs anchors, including Berkot’s Super Foods and Ace Hardware. The public remarks note that the recent opening of the Munster/Dyer South Shore Line Station has increased vehicle flow along this corridor, with additional access to U.S. Route 30 and Interstate 80/94.
The building is positioned for a seamless transition for a new bar/restaurant operator, and the public remarks also state the option to demise or reposition portions for retail or office use.
Key Highlights
- +/- 9,848 SF fully built‑out, operational bar/restaurant property in Dyer, IN (built in 1976).
- Includes full‑service bar plus pool tables, games, and seating, with FF&E included in the sale.
- Dyer 3‑way liquor license included for immediate operational continuity.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.8k | $14.40 |
| − Vacancy | −$6.2k | −$0.63 |
| EGI | $135.6k | $13.77 |
| − OpEx | −$40.7k | −$4.13 |
| NOI | $94.9k | $9.64 |
9,848 SF · lease $14.40/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,442 @ 7.0% cap · market cap 17.51%
Second Best
Retail
$1.36M
$1.19M – $1.58M
NOI $94,900 @ 7.0% cap · market cap 8.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Therousehomes
Interior Design
Sheffield's Restaurant
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- DOC's Smokehouse Dyer — 1420 B, Calumet Ave, Dyer, IN 46311
- Sheffield's Restaurant — 1027 Sheffield Ave, Dyer, IN 46311
FAQs
What type of property is this?
Bar & Pub - Operational bar/restaurant includes full-service bar, pool tables, games, seating, FF&E, and a Dyer 3-way liquor license.
Where is this bar & pub located?
The property is located at 1027 Sheffield Avenue Dyer, IN.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: +/- 9,848 SF fully built‑out, operational bar/restaurant property in Dyer, IN (built in 1976).; Includes full‑service bar plus pool tables, games, and seating, with FF&E included in the sale.; Dyer 3‑way liquor license included for immediate operational continuity.
