Property profile

1027 Sheffield Ave Dyer, IN 46311

OFF-MARKET
Retail properties & Spaces
9,848 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 9,848 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Interior Design Home Decor Store
  • Restaurant

Location

1027 Sheffield Ave Dyer, IN 46311
Dyer metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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