Gary, IN Restaurants for Sale

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Updated: Sep 15, 2025

Turn-Key Bar and Restaurant

2808 Dekalb Street, Lake Station, IN 46405

$200,000

3,894 sqft 0.22 AC lot

Turn‑key business includes a 3‑way liquor license, gaming license, and tobacco license
Includes kitchen equipment, coolers, tables and chairs, and bar stools
Bonus 1‑bedroom owner apartment; or can be leased for additional income
1‑bedroom apartment currently rented at $750/month on a month‑to‑month lease
Heating: natural gas forced air; utilities include public water and public sewer

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Updated: Oct 24, 2025

Turn-Key Tavern with Patio

4489 Broadway, Gary, IN 46409

$205,000

1,270 sqft 0.13 AC lot

1,270 SF tavern on a 0.13‑acre lot; building originally built in 1930
Seating for approximately 50 patrons: 15 stools at the counter, 20 inside, and 15 on the outside patio
Outdoor patio includes two tables and bench seating; small kitchen is available for expanding menu options
Entertainment and revenue sources include music, dart board, and pull tab gambling, plus multiple flat‑screen TVs
Year‑round climate control with central forced‑air natural gas heat and HVAC; includes 2 restrooms

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Merrillville Development Site For Sale

555 E 84th Drive, Merrillville, IN 46410

$375,000

2.84 AC lot

2.84 acre development site near U.S. 30 and Broadway.

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Retail Strip Center with Drive-Thru

399 E 81st Ave, Merrillville, IN 46410

$6,270,000

18,215 sqft 1.64 AC lot

Fee-simple retail strip center anchored by Panera Bread with a dedicated drive-thru at a high-traffic intersection.

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Turnkey Restaurant with Liquor License

3634 Central Avenue, Lake Station, IN 46405

$350,000

3,250 sqft 0.08 AC lot

Fully equipped, remodeled restaurant with a 3-way liquor license.

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Turn-Key Tavern Business Opportunity

4489 Broadway, Gary, IN 46409

$205,000

1,270 sqft 0.13 AC lot

Fully operational tavern for sale with seating for 50 patrons.

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Restaurant with Drive-Thru Window

1441 E 82nd Ave, Merrillville, IN

Contact for pricing

3,298 sqft 1.12 AC lot

Restaurant with drive-thru, high visibility, repurposing opportunity.

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Single-Tenant Cracker Barrel Investment Opportunity

6200 Opportunity Ln, Merrillville, IN

Contact for pricing

8,327 sqft 3.04 AC lot

NNN leased Cracker Barrel with 15 years remaining near Chicago.

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Former Restaurant Space Available

1441 e 82nd Ave, Merrillville, IN 46410

Contact for pricing

Restaurant space with drive-thru, high visibility, repurposing opportunity.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 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.

Turnkey Restaurant & Event Venue

840 S Broad Street, Griffith, IN 46319

$999,970

5,564 sqft 1.60 AC lot

Fully renovated restaurant with event-ready patio on 1.6 acres.

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Turnkey Restaurant & Event Venue

840 S Broad Street, Griffith, IN 46319

$1,174,700

5,564 sqft 1.60 AC lot

Fully renovated restaurant with event-ready patio in prime location.

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Commercial Property on US-30

311 US-30, Schererville, IN 46375

$315,000

Commercial property suitable for restaurant, office, or retail use.

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Commercial Land Near Residences

2193 Austin Ave, Schererville, IN 46375

$275,000

Shovel-ready sites ideal for restaurant, office near Residences at Deer Creek.

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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.

Merrillville Commercial Lot For Sale

0-Lot 12 Grant Street, Merrillville, IN 46410

$79,900

1.50 AC lot

Prime 1.5-acre commercial lot in growing area.

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Commercial Lot in Water Tower Park

0-Lot 11 Grant Street, Merrillville, IN 46410

$89,900

1.50 AC lot

Prime commercial land in a growing area near US 30.

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Merrillville Land on US 30

5103 E Lincoln, Merrillville, IN 46410

$749,900

5.15 AC lot

5+ acres on US 30 ready for development.

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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.

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Off-Market Properties in Gary, IN

Consider similar Off-Market properties in Gary, 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.

RESTAURANT

2236 Ripley St, Lake Station, IN 46405

Value Estimation by Request

1,600 sqft 0.07 AC lot

View details

RESTAURANT

740 81st Ave, Merrillville, IN 46410-5537

Value Estimation by Request

7,607 sqft 1.93 AC lot

View details

RESTAURANT

4717 Lincoln Hwy, Merrillville, IN 46410-5820

Value Estimation by Request

4,064 sqft 2.73 AC lot

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RESTAURANT

2225 Lincoln Hwy, Merrillville, IN 46410-5335

Value Estimation by Request

4,992 sqft 0.69 AC lot

View details

RESTAURANT

900 5th Ave, Gary, IN 46402

Value Estimation by Request

766 sqft 0.39 AC lot

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RESTAURANT

2236 Ripley St, Lake Station, IN 46405

Value Estimation by Request

0.10 AC lot

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RESTAURANT

6841 Broadway, Merrillville, IN 46410-3533

Value Estimation by Request

1,800 sqft 0.29 AC lot

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RESTAURANT

5072 Broadway, Gary, IN 46408-4606

Unit 74

Value Estimation by Request

2,150 sqft 0.12 AC lot

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RESTAURANT

1239 Grant St, Gary, IN 46404

Value Estimation by Request

2,840 sqft 0.15 AC lot

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RESTAURANT

8255 Georgia St, Merrillville, IN 46410-6226

Value Estimation by Request

8,215 sqft 1.83 AC lot

View details

RESTAURANT

2203 Ripley St, Lake Station, IN 46405-1165

Value Estimation by Request

4,265 sqft 0.80 AC lot

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RESTAURANT

3701 Grant St, Gary, IN 46408-2142

Value Estimation by Request

1,350 sqft 0.50 AC lot

View details

RESTAURANT

7305 Taft St, Merrillville, IN 46410-4548

Value Estimation by Request

932 sqft 1.01 AC lot

View details

RESTAURANT

2060 81st Ave, Merrillville, IN 46410-5337

Value Estimation by Request

2,308 sqft 0.66 AC lot

View details

RESTAURANT

3201 Dunes Hwy, Gary, IN 46402-1609

Value Estimation by Request

2,215 sqft 0.51 AC lot

View details

Gary, IN Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Gary, IN, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 27,899 square feet of properties for sale, with an estimated market value of $7,230,000.

Sale prices for restaurant properties in Gary, IN start at $200,000, averaging $1,446,000, and reaching up to $6,270,000 — 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

Demographics Overview

Population 124K

Population Growth (5Y) -7.7%

Median Household Income $47,747

College Educated 15.8%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
46409	$205K
46408	$480K

Taxes & Financing

Tax Rate (average for all types) 7.93%

Property Tax per SF $79.79 per SF

Tax Rate vs County Average 6.93 pp above 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

Retail

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Gary, IN Restaurants for Sale

2808 Dekalb Street, Lake Station, IN 46405

4489 Broadway, Gary, IN 46409

555 E 84th Drive, Merrillville, IN 46410

399 E 81st Ave, Merrillville, IN 46410

3634 Central Avenue, Lake Station, IN 46405

4489 Broadway, Gary, IN 46409

1441 E 82nd Ave, Merrillville, IN

6200 Opportunity Ln, Merrillville, IN

1441 e 82nd Ave, Merrillville, IN 46410

Opportunities in Nearby Cities

840 S Broad Street, Griffith, IN 46319

840 S Broad Street, Griffith, IN 46319

311 US-30, Schererville, IN 46375

2193 Austin Ave, Schererville, IN 46375

Potential Development Sites for Consideration

0-Lot 12 Grant Street, Merrillville, IN 46410

0-Lot 11 Grant Street, Merrillville, IN 46410

5103 E Lincoln, Merrillville, IN 46410

6520 W Lincoln Highway, Schererville, IN 46375

Off-Market Properties in Gary, IN

2236 Ripley St, Lake Station, IN 46405

740 81st Ave, Merrillville, IN 46410-5537

4717 Lincoln Hwy, Merrillville, IN 46410-5820

2225 Lincoln Hwy, Merrillville, IN 46410-5335

900 5th Ave, Gary, IN 46402

2236 Ripley St, Lake Station, IN 46405

6841 Broadway, Merrillville, IN 46410-3533

5072 Broadway, Gary, IN 46408-4606

1239 Grant St, Gary, IN 46404

8255 Georgia St, Merrillville, IN 46410-6226

2203 Ripley St, Lake Station, IN 46405-1165

3701 Grant St, Gary, IN 46408-2142

7305 Taft St, Merrillville, IN 46410-4548

2060 81st Ave, Merrillville, IN 46410-5337

3201 Dunes Hwy, Gary, IN 46402-1609

Gary, IN Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

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