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    321 Broadway Ave Chesterton, IN 46304

    For Sale
    $259,000

    Turnkey Restaurant Space, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 2-story commercial building, situated in Chesterton's vibrant downtown retail district at 321 Broadway Avenue, presents a unique opportunity for a variety of businesses. Previously home to Alauras Bridal Shop and more recently Bohemian Ivy Restaurant, this well-maintained property is ready for immediate occupancy. The building boasts a fully functional, furnished kitchen, ideal for a restaurant or food-related business. The kitchen includes ovens, ranges, sinks, and a walk-in cooler, all in excellent working condition. Each floor features a convenient bathroom and a wet bar, adding versatility to the space. Beyond the interior, a significant advantage is the expansive outdoor space. A large private courtyard and a welcoming front porch provide ample room for customer seating or outdoor activities, enhancing the property's appeal. The 0.2-acre lot offers excellent visibility and accessibility. This property is perfect for an owner-occupant seeking a turnkey operation or an entrepreneur looking for a stand-alone business opportunity in a thriving downtown location. The building's adaptable layout makes it suitable for a range of uses, from retail to office space, offering considerable flexibility to the new owner. Don't miss this chance to acquire a prime commercial property in a desirable location. The asking price is $259,000.

    Property Features for 321 Broadway Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1914
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chesterton
    County
    Porter
    State
    Indiana
    Longitude
    -87.0555
    Latitude
    41.61078

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Restaurant Space, High Visibility
    Where is this commercial real estate located?
    The property is located at 321 Broadway Ave Chesterton, IN.
    What is the asking price?
    The asking price for this property is $259,000.
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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
    321 Broadway Ave Chesterton, IN 46304
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