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Property profile & analytics
FOR SALE
Commercial real estate

1326 119Th St Whiting, IN 46394

23,390 SF 0.21 ac lot Built 1923
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US31-0325248
Property summary
AI-generated overview

This exceptional commercial property at 1326 119th Street in Whiting, Indiana, presents a unique investment opportunity. The 23,390 square foot building currently operates as a well-established sit-down restaurant, featuring a spacious dining area easily adaptable for private events. A dedicated party room caters to gatherings and corporate functions, adding versatility to the venue's offerings. The expansive bar area is a key social hub, attracting a loyal local clientele. A convenient carryout window enhances operational efficiency and expands customer reach. The kitchen is equipped with high-end appliances and ample workspace, complemented by multiple storage coolers for optimal ingredient management. Upstairs, a large open space offers significant potential for redevelopment. Possible uses include a speakeasy, adding a unique dimension to the business. This upper level also includes three offices, a conference room, and a full bathroom, providing ample space for administrative functions and staff. The property is offered at $1,499,999 and represents a substantial opportunity to acquire a thriving business with significant expansion potential within a vibrant community. The property sits on a 0-acre lot. This is more than just a restaurant

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1923
Construction TYPE NOT SPECIFIED
Total area 23,390 SF
Lot 0.21 ac (9,104 SF)
APN 45-03-07-257-002.000-025
UPID US31-0325248
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
  • Beggars Pizza Whiting Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
$851k
Blend (final) Blend
$670k
Owner & transaction history
Eder Properties LLC · 13 yrs held
Eder Properties LLC
since 2012
7 recorded transactions
2023
Price N/A
2012
Price N/A
2009
Price N/A
2009
$209,000
2006
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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