1027 Sheffield Ave Dyer, IN 46311
This fully operational restaurant in Lake County, Illinois, presents a unique investment opportunity. The 3,109 square foot space includes a full bar, dining room, kitchen, and banquet room. All furniture, fixtures, and equipment are included in the sale, along with a valuable 3-way liquor license. The property boasts 201 feet of frontage on Sheffield Avenue, enjoying high visibility with 7,995 cars passing daily (2023 INDOT data). A programmable lighted pylon sign enhances marketing potential. Strategically located just 0.7 miles from the future South Shore train station, this property benefits from excellent access and proximity to major roadways (US Highway 30, 80/94) and local amenities including Dyer Park Department, Centennial Village, and nearby businesses. 2023/2024 property taxes are $22,015.70 ($2.15/SF). The total building size is 9,848 square feet, offering potential for expansion or partial leasing as office/retail space. The property is less than an hour from Chicago, providing access to a large customer base. Currently operating as a sports bar, this location is ready for immediate use or rebranding.
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Therousehomes Interior Design Home Decor Store
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Sheffield's Restaurant Restaurant
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
Similar Nearby for Lease
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.