1300 Us-20 Chesterton, IN 46304
This exceptional retail property, located at 1300 W US-20 in Chesterton, Indiana (zip code 46304), presents a unique investment opportunity. The 2,046 square foot building, constructed in 1967, sits on a 0.712-acre lot and is zoned for commercial use (B3). Currently operating as a successful convenience store and restaurant for over 50 years, this two-story building offers significant potential for continued success or redevelopment. The asking price is $229,000, translating to $111.93 per square foot. The property features ample private parking, a significant advantage for any business. The building is being sold "as is," providing flexibility for the buyer to customize and renovate to their specific needs. Its prime location near Highways 80/94 on W US Highway 20 ensures high visibility and accessibility. This is a rare chance to acquire a well-established business in a thriving Indiana community. The property includes one unit and is privately owned. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.