Turnkey Restaurant and Bar on Double
6247 Kennedy Avenue Hammond, IN 46323
For Sale
$1,000,000
COMMERCIAL - Hammond, IN
Property Size4,366 SF
Lot Size0.62 Acres
Price / SF$229.04
Days on Market411
Property Features for 6247 Kennedy Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
13698
Security features
Security Lighting
Interior features
Wet Bar
Appliances
Built-In Gas Range, Water Heater, Stainless Steel Appliance(s), Range Hood, Refrigerator, Microwave, Freezer, Dishwasher
Standard status
Active
APN
450704403009000023
Size
4,366 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Turner-Meyn Park BL.3 Lots 12 to 18
Tax Annual Amount
6368
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1954
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Anthony Christopher · License #RB22001074
(708) 715-6193
Added: Jun 12, 2025
Changed: Jun 8
Last Checked: Jul 27 at 9:06AM
MLS# 822381
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.
Investment Insights
Based on property information with market context.
This for-sale property consists of a turnkey restaurant and bar setup on a double lot. The offering includes two tenants: the owner-occupied Latin Bliss Restaurant and Kenwood Tap, which is described as fully leased. The site totals approximately 0.62 acres and includes about 4,366 square feet of space, positioned as a ready-to-operate business opportunity.
Located at 6247 Kennedy Avenue in Hammond, Indiana (Lake County), the property benefits from being presented as a consolidated site with room for continuity of the existing use. The listing information describes this as an income-generating operation with both an owner-occupied restaurant and a separate leased bar component.
For buyers or operators seeking a turnkey food and beverage platform, this configuration provides immediate operational continuity through the restaurant tenant and a separate leased tenant within the same property. The double-lot footprint may also appeal to those evaluating the site for future use or expansion, subject to applicable approvals and permitting. The listing is offered as an income-generating business plus real estate package.
Located at 6247 Kennedy Avenue in Hammond, Indiana (Lake County), the property benefits from being presented as a consolidated site with room for continuity of the existing use. The listing information describes this as an income-generating operation with both an owner-occupied restaurant and a separate leased bar component.
For buyers or operators seeking a turnkey food and beverage platform, this configuration provides immediate operational continuity through the restaurant tenant and a separate leased tenant within the same property. The double-lot footprint may also appeal to those evaluating the site for future use or expansion, subject to applicable approvals and permitting. The listing is offered as an income-generating business plus real estate package.
Key Highlights
- 0.62‑acre double lot with two restaurant/bar tenants: Latin Bliss Restaurant (owner‑occupied) and Kenwood Tap (fully leased)
- Operating business included in the sale with a built‑in wet bar and restaurant/bar setup
- Appliances include built‑in gas range, refrigerator, freezer, microwave, dishwasher, and range hood
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.9k | $27.00 |
| − Vacancy | −$4.1k | −$0.95 |
| EGI | $113.8k | $26.06 |
| − OpEx | −$28.4k | −$6.51 |
| NOI | $85.3k | $19.54 |
4,366 SF · lease $27.00/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,317 @ 7.0% cap · market cap 8.53%
Second Best
Retail
$601.0K
$525.9K – $701.2K
NOI $42,073 @ 7.0% cap · market cap 4.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Mr. G's Catering LLC — 6205 Kennedy Ave, Hammond, IN 46323
Frequently Asked Questions
What type of property is this?
Restaurant - Two-tenant turnkey restaurant and bar on a double lot, offering an operating and leased income component.
Where is this restaurant located?
The property is located at 6247 Kennedy Avenue Hammond, IN.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 0.62‑acre double lot with two restaurant/bar tenants: Latin Bliss Restaurant (owner‑occupied) and Kenwood Tap (fully leased); Operating business included in the sale with a built‑in wet bar and restaurant/bar setup; Appliances include built‑in gas range, refrigerator, freezer, microwave, dishwasher, and range hood
