Turnkey Brewery and Restaurant
For Sale
Contact for pricing
1409-1411 119th St, Whiting, IN
Two-story building with brewery, restaurant, and redevelopment potential.
Property Size5,920 SF
Lot Size0.14 Acres
Price / SF$92.91
Days on Market427
Property Features for 1409-1411 119th St
General Information
Standard status
Active
Size
5,920 SF
Lot size
0.14 Acres
Property subtype
RETAIL
Listing Agency:
Latitude Commercial
(209) 864-0200
Listed By:
Brett McDermott · License ##RB14050416
(219) 545-4328
Source:
Moodyscre
Added: Aug 6, 2025
Changed: Oct 4
Last Checked: Oct 5 at 8:19PM
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 is a 5,920 square-foot, two-story building located in downtown Whiting, Indiana. The first floor features a turnkey brewery with a full restaurant and brewing equipment, as well as an outdoor patio. The second floor is in vanilla shell condition, making it suitable for private dining, office space, or multifamily conversion. The property benefits from a location with strong foot traffic and redevelopment potential.
Key Highlights
- Turnkey brewery with full restaurant and brewing equipment on the first floor.
- 5,920 SF two‑story building in the heart of downtown Whiting, IN.
- Second floor in vanilla shell condition, ideal for private dining, office, or multifamily conversion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,345
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,900
$686.9K
Cap Rate 7%
$490,643
$490.6K
Cap Rate 9%
$381,611
$381.6K
Market Conditions
NOI Build-Up for 5,920 SF
Gross rent
$51.9K $8.76/SF
− Vacancy
−$2.8K −$0.47/SF
EGI
$49.1K $8.29/SF
− OpEx
−$14.7K −$2.49/SF
NOI
$34.3K $5.80/SF
Area
Lake County, IN
Vacancy
5.39%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,900
Cap Rate 7%
$490,643
Cap Rate 9%
$381,611
Alternative Uses
Best Use
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,684 @ 7.0% cap · market cap 21.03%
Second Best
Retail
$815.0K
$713.1K – $950.8K
NOI $57,048 @ 7.0% cap · market cap 10.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Brewery - Two-story building with brewery, restaurant, and redevelopment potential.
Where is this brewery located?
The property is located at 1409-1411 119th St Whiting, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Turnkey brewery with full restaurant and brewing equipment on the first floor.; 5,920 SF two‑story building in the heart of downtown Whiting, IN.; Second floor in vanilla shell condition, ideal for private dining, office, or multifamily conversion.
