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Unique Train Car Restaurant Opportunity
For Sale
$450,000

301 Grant Ave, Chesterton, IN 46304

Own and operate a business in four train cars!

Property Size6,236 SF
Price / SF$72.16
Days on Market235

Property Features for 301 Grant Ave

General Information

Standard status Active
Size 6,236 SF

Building Details

Year Built 1961
Listing Agency: McColly Real Estate
Listed By: Paul Boyter · License #RB14020663
Source: Amyboston.realtopiare
Added: Jan 26 Changed: Sep 11 Last Checked: Sep 15 at 10:59PM

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 McColly Real Estate

Investment Insights

Based on property information with market context.

This unique property offers the opportunity to own and operate a business within four train cars connected by a central building. Eighty-foot decks are situated on each side between the cars. The property is located across the tracks from a train bed and breakfast, the Duneland Chamber of Commerce, where the European Market attracts as many as 3,000 visitors per weekend, and the quaint downtown of Chesterton. A public bathroom is available in a train car in the park. The 4th Street Theater is located across Fourth Street. 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, are within minutes of the location. This property is within the Chesterton Riverfront Development Project, allowing application for a liquor license. This stellar location is ideal for a restaurant or other business.

Key Highlights

  • Unique business opportunity: Own and operate a business within four interconnected train cars.
  • Prime location near the Duneland Chamber of Commerce/European Market, attracting up to 3,000 visitors per weekend, and downtown Chesterton.
  • Proximity to Indiana Dunes National Park, Lake Michigan, and Porter Beach.

Property Analytics

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Current Use

Restaurants

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Daycare Center Electrical Service HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

712
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 71% Home Improvements & Furnishings 29%
Chase Bank Shops & Services
6,882 visits/mo 0.1 miles
Hopkins' Ace Hardware Home Improvements & Furnishings
5,502 visits/mo 0.3 miles
Citgo Shops & Services
3,499 visits/mo 0.3 miles
Fifth Third Bank & ATM Shops & Services
2,631 visits/mo 0.0 miles
Centier Bank Shops & Services
1,806 visits/mo 0.1 miles

Demographics for 46304, IN

26,835
Population
11,521
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
96%
High-School Grad
57.8 sq mi
ZIP Area
464
Density / Sq Mi
$88,551
Median Household Income
$52,704
Median Earnings
$1,169
Median Rent
$278,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Carm's Delights 25 Washington Ave, Chesterton, IN 46304

Frequently Asked Questions

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: Unique business opportunity: Own and operate a business within four interconnected train cars.; Prime location near the Duneland Chamber of Commerce/European Market, attracting up to 3,000 visitors per weekend, and downtown Chesterton.; Proximity to Indiana Dunes National Park, Lake Michigan, and Porter Beach.
More about this property
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