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    Property profile & analytics

    301 Grant Ave Chesterton, IN 46304

    • Retail space
    • 6,236 SF
    • 0.79 lot acres
    For Sale
    View listing
    $450,000
    Value Estimation
    Last Sale
    Jun 08, 2023
    Location Intelligence
    Property ID
    US31-0224023
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 301 Grant Ave

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.79 lot acres
    Property size
    6,236 SF
    Property type
    Retail space
    APN
    64-03-36-408-001.000-023
    APU
    640336408001000023

    Description

    This exceptional Chesterton, Indiana retail property presents a truly unique investment opportunity. The property consists of four repurposed train cars, connected by a central building, offering approximately [Square footage not provided] of versatile commercial space. An impressive eighty-foot deck flanks each side of the train cars, providing ample outdoor space for customer use or expansion. This one-of-a-kind property boasts a prime location directly across the tracks from a train-themed bed and breakfast and the Duneland Chamber of Commerce, which hosts a popular European Market attracting up to 3,000 visitors each weekend. The property's proximity to downtown Chesterton adds to its appeal, offering easy access to local amenities and foot traffic. Further enhancing its convenience, a public restroom is located within a train car in the nearby park. Across Fourth Street lies the 4th Street Theater, providing additional cultural draw. The property's strategic location offers unparalleled access to major transportation arteries, including the South Shore Train Station, Indiana Toll Road, I-94, and is just minutes from Lake Michigan, Porter Beach, and the Indiana Dunes National Park, which drew over four million visitors in 2022. This 0.79-acre lot is situated within the Chesterton Riverfront Development Project, making it eligible for a liquor license, presenting further potential for business expansion and revenue generation. This is a rare chance to acquire a truly distinctive and high-visibility retail space in a thriving community. The asking price is $450,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesterton
    County
    Porter
    State
    Indiana
    Longitude
    -87.0547
    Latitude
    41.6119
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,102
    $99,000
    $219,800
    $318,800
    -
    $99,000
    $219,800
    $318,800

    Comparable in this City

    • Value Estimation by Request
      661 SF

      207 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 661 SF
      207 Broadway, Chesterton, IN 46304-2421
      View Details
    • Value Estimation
      $525,000
      4,080 SF

      1575 Calumet Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,080 SF
      1575 Calumet Rd, Chesterton, IN 46304-3301
      View Details
    • Value Estimation
      $200,000
      2,192 SF

      35 Us Hwy 20

      RETAIL STORES (PERSONAL SERVICES) • 2,192 SF
      35 Us Hwy 20, Porter, IN 46304-1397
      View Details
    • Value Estimation
      $340,000
      6,359 SF

      112 11th St

      RETAIL STORES (PERSONAL SERVICES) • 6,359 SF
      112 11th St, Chesterton, IN 46304-2133
      View Details
    • Value Estimation
      $290,000
      5,808 SF

      221 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 5,808 SF
      221 Broadway, Chesterton, IN 46304-2421
      View Details
    • Value Estimation
      $310,000
      5,100 SF

      401 Calumet Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,100 SF
      401 Calumet Rd, Chesterton, IN 46304-2431
      View Details

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      Unique Train Car Business Opportunity

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    Similar Nearby for Lease

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      Office Suite For Rent

      1,465 SF office suite available for lease.
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      View Details
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    301 Grant Ave
    Chesterton, IN 46304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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