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    1326 119Th St Whiting, IN 46394

    Sponsored
    For Sale
    $1,499,999

    Established Restaurant, Huge Potential

    Property size:
    23,390 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property at 1326 119th Street in Whiting, Indiana, presents a unique investment opportunity. The 23,390 square foot building currently operates as a well-established sit-down restaurant, featuring a spacious dining area easily adaptable for private events. A dedicated party room caters to gatherings and corporate functions, adding versatility to the venue's offerings. The expansive bar area is a key social hub, attracting a loyal local clientele. A convenient carryout window enhances operational efficiency and expands customer reach. The kitchen is equipped with high-end appliances and ample workspace, complemented by multiple storage coolers for optimal ingredient management. Upstairs, a large open space offers significant potential for redevelopment. Possible uses include a speakeasy, adding a unique dimension to the business. This upper level also includes three offices, a conference room, and a full bathroom, providing ample space for administrative functions and staff. The property is offered at $1,499,999 and represents a substantial opportunity to acquire a thriving business with significant expansion potential within a vibrant community. The property sits on a 0-acre lot. This is more than just a restaurant

    Property Features for 1326 119Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    23,390 SF

    Building Details

    Year Built
    1923
    Property Profile Location Intelligence

    Current Use by Public Records

    Beggars Pizza Whiting Caterer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Whiting
    County
    Lake
    State
    Indiana
    Longitude
    -87.49658
    Latitude
    41.67908

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    Nearby Similar for Sale

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      1326 119th Street, Whiting, IN 46394

      Restaurants • 23,390 SF
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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Huge Potential
    Where is this commercial real estate located?
    The property is located at 1326 119Th St Whiting, IN.
    What is the asking price?
    The asking price for this property is $1,499,999.
    (708) 516-3050
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    1326 119Th St Whiting, IN 46394
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    Whiting, IN 46394
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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
    1326 119Th St Whiting, IN 46394
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