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    Dyer, IN Restaurants for Sale

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    Dyer Commercial Building on Sheffield
    Updated: Nov 11, 2024
    Dyer Commercial Building on Sheffield

    1209 Sheffield Ave, Dyer, IN 46311

    $699,900
    4,000 sqft 0.68 AC lot
    Prime commercial location on Sheffield Avenue with high traffic volume and excellent visibility.
    Spacious, almost 4,000 sq ft brick building on 0.68 acres suitable for various business uses.
    Currently operating as a turnkey restaurant and bar with expansive dining areas and a private bar section.
    Ample on‑site parking with paved and overflow spaces.
    Convenient access for Illinois commuters and located just 32 miles from Chicago.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1209 Sheffield Ave, Dyer, IN, 46311

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Price @ 7% Cap

      $725K
      Above asking

    • Property Type

      Restaurant
      Built 1962
    View Property Analytics
    Brick Restaurant and Bar Property
    Updated: Nov 11, 2024
    Brick Restaurant and Bar Property

    1209 Sheffield Avenue, Dyer, IN 46311

    $699,900
    3,970 sqft 0.68 AC lot
    3,970‑square‑foot brick building on 0.684 acres
    Currently configured for restaurant and bar operations
    Private bar area with a separate entrance
    Approximately 7,995 vehicles per day on Sheffield Avenue
    Paved parking with additional overflow spaces
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    Fully Built-Out Bar Restaurant
    Fully Built-Out Bar Restaurant

    1027 Sheffield Avenue, Dyer, IN 46311

    $1,099,000
    9,848 sqft

    Operational bar/restaurant includes full-service bar, pool tables, games, seating, FF&E, and a Dyer 3-way liquor license.

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    Dyer Commercial Building Opportunity
    Dyer Commercial Building Opportunity

    1209 Sheffield Avenue, Dyer, IN 46311

    $699,900
    4,000 sqft 0.68 AC lot

    Spacious commercial building suitable for restaurants, bars, retail, and offices.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 25 Potential Opportunities for your consideration. Besides 4 Active listings in Dyer, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 13 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Schererville Retail Build-to-Suit Opportunity
    Schererville Retail Build-to-Suit Opportunity

    1902-1908 US Highway 41, Schererville, IN 46375

    Contact for pricing

    Free-standing retail build to suit with drive-thru in Schererville.

    View details
    Prime Retail Corner Land Available
    Prime Retail Corner Land Available

    19758 Stoney Island Avenue, Lynwood, IL 60411

    $350,000
    4.00 AC lot

    Excellent corner location for various commercial and retail developments.

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    New Single-Tenant Portillo’s Restaurant
    New Single-Tenant Portillo’s Restaurant

    1403 US Hwy 41, Schererville, IN 46375

    Contact for pricing

    Newly constructed restaurant property with a single-tenant configuration and fee-simple ownership.

    View details
    Fully Leased Strip Mall
    Fully Leased Strip Mall

    20630 Torrence Ave, Lynwood, IL 60411

    Contact for pricing

    Multi-tenant retail property with a separate restaurant building, kitchen equipment, patio deck, basement storage, and office space.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Land Ready For Development
    Vacant Land Ready For Development

    21587 Lincoln Highway, Lynwood, IL 60411

    $260,000

    Cleared land zoned B-3 with multiple development opportunities.

    View details
    C-2 Commercial Land Parcel
    C-2 Commercial Land Parcel

    8080 Us-41, Schererville, IN 46375

    $385,000
    1.21 AC lot

    Community Commercial zoning supports retail, service, medical, fitness, and specialty food uses.

    View details
    Land Near Hammond Landmarks
    Land Near Hammond Landmarks

    6850 Indianapolis Blvd, Hammond, IN 46324

    $450,000
    0.45 AC lot

    0.45 acre land near YMCA, sports complex, Purdue campus.

    View details
    Commercial Land Lot on Major Road
    Commercial Land Lot on Major Road

    6520 W Lincoln Highway, Schererville, IN 46375

    $350,000
    2.29 AC lot

    Build-ready commercial lot with 250+ feet of frontage on Route 30 and surveyed site for a straightforward development start.

    View details

    Off-Market Properties in Dyer, IN

    Consider similar Off-Market properties in Dyer, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1209 Sheffield Ave
    RESTAURANT

    1209 Sheffield Ave, Dyer, IN 46311-1054

    $255,000
    Estimated value
    3,970 sqft 0.60 AC lot
    View details
    917 Joliet St
    RESTAURANT

    917 Joliet St, Dyer, IN 46311-1922

    $455,000
    Estimated value
    4,232 sqft 0.76 AC lot
    View details
    935 Richard Rd
    RESTAURANT

    935 Richard Rd, Dyer, IN 46311-1937

    $390,000
    Estimated value
    0.82 AC lot
    View details
    2070 Calumet Ave
    RESTAURANT

    2070 Calumet Ave, Dyer, IN 46311-1584

    $620,000
    Estimated value
    7,834 sqft 1.68 AC lot
    View details
    996 Joliet St
    RESTAURANT

    996 Joliet St, Dyer, IN 46311-1921

    $1,620,000
    Estimated value
    3,356 sqft 1.32 AC lot
    View details
    1259 Joliet St
    RESTAURANT

    1259 Joliet St, Dyer, IN 46311-2022

    $465,000
    Estimated value
    9,565 sqft 1.49 AC lot
    View details
    893 Joliet St
    RESTAURANT

    893 Joliet St, Dyer, IN 46311-1920

    $515,000
    Estimated value
    5,916 sqft 1.28 AC lot
    View details
    915 Joliet St
    RESTAURANT

    915 Joliet St, Dyer, IN 46311-1922

    $485,000
    Estimated value
    4,232 sqft 0.95 AC lot
    View details
    1025 Sheffield Ave, Unit 10
    RESTAURANT

    1025 Sheffield Ave, Dyer, IN 46311-1048

    Unit 10
    $470,000
    Estimated value
    9,849 sqft 0.57 AC lot
    View details
    1027 Sheffield Ave
    Restaurants

    1027 Sheffield Ave, Dyer, IN 46311

    Value Estimation by Request
    9,848 sqft
    View details
    1027 Sheffield Ave
    Restaurants

    1027 Sheffield Ave, Dyer, IN 46311

    Value Estimation by Request
    9,848 sqft 0.57 AC lot
    View details
    790 Joliet St
    RESTAURANT

    790 Joliet St, Dyer, IN 46311-1720

    $445,000
    Estimated value
    3,077 sqft 1.82 AC lot
    View details
    1389 Joliet St
    RESTAURANT

    1389 Joliet St, Dyer, IN 46311

    $375,000
    Estimated value
    0.46 AC lot
    View details

    Dyer, IN Restaurants Market Trends and Statistics

    Explore 17 restaurants for sale in Dyer, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 21,818 square feet of properties for sale, with an estimated market value of $3,198,700.

    Sale prices for restaurant properties in Dyer, IN start at $699,900, averaging $799,675, and reaching up to $1,099,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 5
    Conventional restaurants 3
    Drive through restaurants 3
    Turn key restaurants 2
    Pubs 1

    Demographics Overview

    Population 23K
    Population Growth (5Y) +8.2%
    Median Household Income $109,167
    College Educated 50.9%

    High-Yield Neighborhoods for Investment

    Identify Dyer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46311 $847.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.02%
    Property Tax per SF $27.54 per SF
    Tax Rate vs County Average 1.04 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lake County

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