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Restaurant Building with Apartment
For Sale
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48 E Joliet St, Schererville, IN 46375

This for-sale restaurant building totals 7,038 SF, featuring a 3,000 SF main-floor restaurant with full bar and a remodeled dining room.

Property Size7,038 SF
Days on Market99

Property Features for 48 E Joliet St

General Information

Standard status Active
Size 7,038 SF
Total Parking Spaces 25
Property subtype Retail

Restaurant

Commercial Hood Yes
Liquor License Yes

Additional Details

Business Included Yes
Multifamily Units 1

Building Details

Building Size 7,038 SF
Year Built 1949
Year Renovated 2024
Tenancy Multi
Listing Agency: Latitude Commercial
Listed By: Myles Rapchak · License #IN #RB14052315
Source: Latitudeco
Added: May 14 Changed: Aug 20 Last Checked: Aug 20 at 5:48AM

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 for-sale restaurant building totals 7,038 SF, including 3,000 SF on the main floor. The restaurant features a full bar, a clean and well-kept kitchen with hood, and a dining room remodeled in 2024. A full basement provides storage for the restaurant.

The second floor includes an office with bath and a newly remodeled 3-bedroom, 1-bath apartment that is currently leased for additional income. The sale includes all FF&E.

Site amenities include a 25-plus parking space lot that was recently resealed. The property is located across from the Schererville police station and town hall.

Key Highlights

  • Total building size 7,038 SF (restaurant 3,000 SF on the main floor) with a full bar
  • 3‑way liquor license included
  • Dining room newly remodeled in 2024 (950 SF remodeled dining room)

Property Analytics

Current Use

The Schererville Lounge Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Catering Service Parking Lot & Garage Plumbing Service Tech Support Center

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

Lease Details

1
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

439
Businesses Nearby
18k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 73% Dining 11% Apparel 10% Beauty & Spa 7%
Chase Bank Shops & Services
9,244 visits/mo 0.4 miles
The UPS Store Shops & Services
4,178 visits/mo 0.3 miles
Domino's Pizza Dining
1,975 visits/mo 0.3 miles
Lovers Lane Apparel
1,775 visits/mo 0.3 miles
Cost Cutters Beauty & Spa
1,215 visits/mo 0.3 miles

Demographics for 46375, IN

24,051
Population
10,064
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,879
Density / Sq Mi
$89,646
Median Household Income
$51,448
Median Earnings
$1,250
Median Rent
$295,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Greg's Place 21 E Joliet St, Schererville, IN 46375
  • Buddy & Pal's Schererville 340 E U.S. Hwy 30, Schererville, IN 46375

Frequently Asked Questions

What type of property is this?
Bar & Pub - This for-sale restaurant building totals 7,038 SF, featuring a 3,000 SF main-floor restaurant with full bar and a remodeled dining room.
Where is this bar & pub located?
The property is located at 48 E Joliet St Schererville, IN.
What are key features of this property?
This property features: Total building size 7,038 SF (restaurant 3,000 SF on the main floor) with a full bar; 3‑way liquor license included; Dining room newly remodeled in 2024 (950 SF remodeled dining room)
More about this property
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