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OFF-MARKET
Retail properties & Spaces

1027 Sheffield Ave Dyer, IN 46311

9,848 SF 0.57 ac lot Built 1976
Property ID
Property summary
AI-generated overview

This fully operational restaurant in Dyer, Indiana, is available for $999,000. The 9,848-square-foot, single-story building sits on a 0.57-acre lot and includes a full bar, dining room, kitchen, and banquet room. All furniture, fixtures, equipment, and a 3-way liquor license are included in the sale. Currently operating as a sports bar, the property offers significant rebranding potential. The property boasts a programmable lighted pylon sign and 202 feet of frontage on Sheffield Avenue, a road with 7,823 cars per day (2022 INDOT data). Conveniently located on the east side of Sheffield Avenue, it's less than a mile from Dyer Park Department and 0.7 miles from the future South Shore train station. Additional nearby amenities include U.S. Highway 30, Centennial Village/Park/Golf Course, and various local businesses. The property has 29 parking spaces and is zoned for commercial use. The building was constructed in 1976 and currently has 50% occupancy. 2023-2024 property taxes are $22,015.70 ($2.15/SF). The property's APN is 45-10-01-401-007.000-034. This is a modified lease tenancy.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1976
Total area 9,848 SF
Lot 0.57 ac (24,829 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Therousehomes Interior Design Home Decor Store
  • Sheffield's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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