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Property profile & analytics
OFF-MARKET
Turn key restaurants

381 Indian Boundary Rd Chesterton, IN 46304-1510

2,665 SF 0.66 ac lot Built 1989
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US31-0506962
Property summary
AI-generated overview

This exceptional 2,584 square foot freestanding retail building in Chesterton, Indiana, presents a rare investment opportunity. Located at 381 Indian Boundary Rd, 46304, this single-tenant property sits on a 0.66-acre lot and boasts 28 parking spaces. Currently vacant, this building offers a unique advantage: it includes a drive-thru, a feature highly sought after in this market, and represents the first drive-thru vacancy in over seven years. The high barrier to entry in this dynamic trade area, combined with the building's full access and high visibility from Indian Boundary Road, makes this a truly exceptional offering. The property benefits from its location in a high-traffic area surrounded by national retailers and restaurants. Furthermore, its proximity to I-94, with daily traffic counts exceeding 55,000 vehicles, and the availability of INDOT signage, ensures maximum exposure and accessibility. This is an unparalleled chance to secure a prime retail location in a thriving market. The property is zoned for restaurant use.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1989
Total area 2,665 SF
Lot 0.66 ac (28,750 SF)
APN 64-04-31-151-003.000-023
UPID US31-0506962
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Chesterton Retail Partners LLC · 4 yrs held
Chesterton Retail Partners LLC
since 2022
5 recorded transactions
2023
Price N/A
2022
Price N/A
2016
Price N/A
2008
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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