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Bar Building with Wet Bar

1403 Michigan Street, Hammond, IN 46320

For Sale
$225,000

Commercial Sale, Hammond, IN

Property Size2,012 SF
Lot Size0.22 Acres
Price / SF$111.83
Days on Market161

Property Features for 1403 Michigan Street

General Information

Property type Commercial Sale
Property subtype Other
Parking 10
Parking features Off Street, Alley
Security features Security Lighting
Interior features Ceiling Fan(s), Wet Bar, Open Floorplan
Subdivision Michigan Ave Add
Lot features Corner Lot, Paved
Directions Ridge Rd to Columbia Ave - Columbia north to Michigan, turn right (east) on Michigan St to property. (corner of Michigan & Tell)
Standard status Active
APN 450331407028000023
Size 2,012 SF
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description MICHIGAN AVE. ADD. L.14 BL.3 W. 25 FT. OF L.15 BL.3
Tax Annual Amount 5594
Legal Description MICHIGAN AVE. ADD. L.14 BL.3 W. 25 FT. OF L.15 BL.3

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air
Water source Public

Amenities

additional storage

Building Details

Year built 1950
Buildings 1
Listing Agency: McColly Real Estate
Listed By: George Georgeff · License IN RB14046511
Added: Jun 3 Changed: Oct 29 Last Checked: Nov 10 at 5:06PM
MLS# 840051

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 2,012-square-foot commercial building has an open floorplan, a wet bar, ceiling fans, and commercial appliances. Additional storage is located behind the building, and the 0.215-acre lot includes off-street parking with alley access. Built in 1950, the property is served by public water and sewer, with cable available.

Key Highlights

  • 2,012‑square‑foot commercial building on a 0.215‑acre lot
  • Wet bar and open floorplan
  • Commercial appliances included

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Our Place Bar & Pub

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Skin Care Clinic Bakery

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

201
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Citgo Shops & Services
8,004 visits/mo 0.4 miles
Citgo Shops & Services
4,666 visits/mo 0.5 miles

Demographics for 46320, IN

14,514
Population
6,236
Households
2.3
Avg Household Size
33
Median Age
12%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
3,088
Density / Sq Mi
$35,706
Median Household Income
$24,499
Median Earnings
$853
Median Rent
$115,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Bars & Pubs in Lake County, IN

$166 Jul
$151 Aug
$157 Sep
$145 Oct

Properties on Market for Bars & Pubs in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Good Time Charlie's — 6023 Calumet Ave, Hammond, IN 46320
  • AREA 504 BAR HAMMOND IN — 1304 Summer St, Hammond, IN 46320
  • Cozy Bar — 1304 Summer St, Hammond, IN 46320
  • Just Toni's Sports Bar — 5602 Calumet Ave, Hammond, IN 46320
  • Walts Tavern — 1406 Carroll St, East Chicago, IN 46312

Frequently Asked Questions

What type of property is this?
Bar & Pub - An open floorplan, commercial appliances, and rear storage support a bar-oriented setup.
Where is this bar & pub located?
The property is located at 1403 Michigan Street Hammond, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,012‑square‑foot commercial building on a 0.215‑acre lot; Wet bar and open floorplan; Commercial appliances included
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