6247 Kennedy Avenue, Hammond, IN 46323
- Added:
- Jun 12, 2025
- Days on Market:
- 364
- Last Refresh:
- Jun 10 at 9:06 am
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 agent Anthony Christopher License #RB22001074 (708) 715-6193
Listing office McColly Real Estate 850 Deer Creek Dr, Schererville, IN (219) 322-5508
Listing date Jun 12, 2025
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.
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
- Forced‑air heating and water heater included
- Year built: 1954
- Utilities: public water and public sewer
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Mr. G's Catering LLC — 6205 Kennedy Ave, Hammond, IN 46323
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Lake
- State
- Indiana
- Longitude
- -87.461162
- Latitude
- 41.599526
