Turnkey Restaurant and
6247 Kennedy Ave Hammond, IN 46323
For Sale
$1,000,000
Own an operating restaurant plus a fully leased bar on a double lot.
Property Size4,366 SF
Lot Size0.62 Acres
Price / SF$229.04
Days on Market408
Property Features for 6247 Kennedy Ave
General Information
- Standard status
- Active
- Size
- 4,366 SF
- Lot size
- 0.62 Acres
Listing Agency:
McColly Real Estate
(708) 715-6193
Listed By:
Anthony Christopher · License #RB22001074
(708) 715-6193
Source:
Exprealty
Added: Jun 12, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:16PM
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 for-sale property is a double-lot site totaling approximately 0.62 acres and includes an operating restaurant and a separate leased bar. The sale includes two tenants: the owner-occupied Latin Bliss Restaurant and Kenwood Tap, which is fully leased. The combined setup is designed for hands-on operation with an added stream of rental income from the bar.
The property is located at 6247 Kennedy Ave, Hammond, IN, in a high-visibility area. The site is approximately 4,366 square feet as listed, and it is presented as a turnkey opportunity with the existing tenants included in the sale.
The property is located at 6247 Kennedy Ave, Hammond, IN, in a high-visibility area. The site is approximately 4,366 square feet as listed, and it is presented as a turnkey opportunity with the existing tenants included in the sale.
Key Highlights
- .62‑acre double lot with an operating, income‑generating restaurant and bar included in the sale
- Two tenants: Latin Bliss Restaurant (owner‑occupied) and Kenwood Tap (fully leased)
- Latin Bliss Restaurant is an operating venue with a loyal customer base
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
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Latin bliss
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Own an operating restaurant plus a fully leased bar on a double lot.
Where is this conventional restaurant located?
The property is located at 6247 Kennedy Ave 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: .62‑acre double lot with an operating, income‑generating restaurant and bar included in the sale; Two tenants: Latin Bliss Restaurant (owner‑occupied) and Kenwood Tap (fully leased); Latin Bliss Restaurant is an operating venue with a loyal customer base
