Property summary
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
VerifiedCap rate & NOI
Current use
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Interior Design Home Decor Store
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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