301 Grant Ave Chesterton, IN 46304
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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