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    Hammond, IN
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    Hammond, IN Restaurants for Sale

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    Turnkey Restaurant and Bar on Double Lot
    Updated: Jun 12, 2025
    Turnkey Restaurant and Bar on Double Lot

    6247 Kennedy Avenue, Hammond, IN 46323

    $1,000,000
    4,366 sqft 0.62 AC lot
    0.62‑acre double lot with two restaurant/bar tenants: Latin Bliss Restaurant (owner‑occupied) and Kenwood Tap (fully leased)
    Operating business included in the sale with a built‑in wet bar and restaurant/bar setup
    Appliances include built‑in gas range, refrigerator, freezer, microwave, dishwasher, and range hood
    Forced‑air heating and water heater included
    Year built: 1954
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    This listing looks promising.

    Here's a quick look at some key insights for

    6247 Kennedy Avenue, Hammond, IN 46323

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $85K
      Annual

    • Price @ 7% Cap

      $1.22M
      Above asking

    • Property Type

      Retail Stores
      Built 1954
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    Corner Commercial Bar Building
    Updated: Jun 3
    Corner Commercial Bar Building

    1403 Michigan Street, Hammond, IN 46320

    $225,000
    2,012 sqft 0.22 AC lot
    2000 SF commercial building
    Corner location on Michigan St and Tell Ave
    Parking with alley access and off‑street parking
    Additional storage in the back of the lot
    Utilities include cable available; services include public water and public sewer
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    Corner Bar and Restaurant Building
    Corner Bar and Restaurant Building

    1403 Michigan Street, Hammond, IN 46320

    $225,000
    2,000 sqft

    Standalone bar/restaurant building with on-site parking, commercial appliances, and rear storage to support a quick start-up buildout.

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    Hospitality, Mixed Use, Office, Retail
    Hospitality, Mixed Use, Office, Retail

    407 Ridge Rd, Munster, IN 46321

    $1,595,000
    2,735 sqft

    Mixed-use properties · 2,735 SF

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Freestanding Restaurant on Ridge Road
    Freestanding Restaurant on Ridge Road

    745 Ridge Rd, Munster, IN

    Contact for pricing
    3,880 sqft 0.80 AC lot

    3,880 SF restaurant on 0.37 acres with 77 parking spaces.

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    Based on your search, we've compiled 78 Potential Opportunities for your consideration. Besides 5 Active listings in Hammond, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 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.

    Former Bar and Restaurant Space
    Former Bar and Restaurant Space

    604 W 151st Street, East Chicago, IN 46312

    $95,000
    1,875 sqft 0.09 AC lot

    Previously operated bar with unique architectural features, currently vacant and without an active liquor license.

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    Drive-Through Restaurant Property
    Drive-Through Restaurant Property

    799 River Oaks Dr, Calumet City, IL 60409

    Contact for pricing
    2,800 sqft

    Former fast-food restaurant with drive-thru and prominent corner exposure along River Oaks Drive.

    View details
    Restaurant and Bar Building
    Restaurant and Bar Building

    604 W 151st St, East Chicago, IN 46312

    $95,000
    1,875 sqft

    Previously operated bar space in East Chicago, suitable for food service or alternative concepts pending licensing.

    View details
    Calumet City Commercial Property For Sale
    Calumet City Commercial Property For Sale

    635 Burnham Avenue, Calumet City, IL 60409

    $224,900

    Commercial property for sale in Calumet City, Illinois.

    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.

    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.

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    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.

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    Prime Commercial Land in Schererville
    Prime Commercial Land in Schererville

    8080 Us-41, Schererville, IN 46375

    $385,000
    1.21 AC lot

    1.21-acre commercial parcel in a desirable growth corridor.

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    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 Hammond, IN

    Consider similar Off-Market properties in Hammond, 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.

    8131 Calumet Ave
    RESTAURANT

    8131 Calumet Ave, Munster, IN 46321-1701

    Value Estimation by Request
    4,187 sqft 0.68 AC lot
    View details
    935 Hoffman St
    RESTAURANT

    935 Hoffman St, Hammond, IN 46327-1838

    Value Estimation by Request
    6,440 sqft 0.36 AC lot
    View details
    6646 Kennedy Ave
    RESTAURANT

    6646 Kennedy Ave, Hammond, IN 46323

    Value Estimation by Request
    640 sqft 0.31 AC lot
    View details
    6233 Hohman Ave
    RESTAURANT

    6233 Hohman Ave, Hammond, IN 46324-1055

    Value Estimation by Request
    3,072 sqft 0.35 AC lot
    View details
    6821 Grand Ave
    RESTAURANT

    6821 Grand Ave, Hammond, IN 46323-1944

    Value Estimation by Request
    1,316 sqft 0.32 AC lot
    View details
    2942 Carlson Dr
    RESTAURANT

    2942 Carlson Dr, Hammond, IN 46323-1100

    $680,000
    Estimated value
    7,626 sqft 2.89 AC lot
    View details
    7331 Indianapolis Blvd
    RESTAURANT

    7331 Indianapolis Blvd, Hammond, IN 46324-2907

    Value Estimation by Request
    1,140 sqft 0.13 AC lot
    View details
    5851 Calumet Ave
    RESTAURANT

    5851 Calumet Ave, Hammond, IN 46320-2354

    Value Estimation by Request
    2,769 sqft 0.46 AC lot
    View details
    7938 Calumet Ave
    RESTAURANT

    7938 Calumet Ave, Munster, IN 46321-1216

    Value Estimation by Request
    3,260 sqft 0.62 AC lot
    View details
    938 Indianapolis Blvd
    RESTAURANT

    938 Indianapolis Blvd, Hammond, IN 46320-1005

    $555,000
    Estimated value
    4,909 sqft 1.04 AC lot
    View details
    7905 Cabela Dr
    RESTAURANT

    7905 Cabela Dr, Hammond, IN 46324-2950

    Value Estimation by Request
    1.72 AC lot
    View details
    6817 Grand Ave
    RESTAURANT

    6817 Grand Ave, Hammond, IN 46323-1944

    Value Estimation by Request
    510 sqft 0.25 AC lot
    View details
    7750 Corinne Dr
    RESTAURANT

    7750 Corinne Dr, Hammond, IN 46323-3128

    $630,000
    Estimated value
    9,882 sqft 2.50 AC lot
    View details
    9150 Calumet Ave
    RESTAURANT

    9150 Calumet Ave, Munster, IN 46321-2806

    Value Estimation by Request
    0.98 AC lot
    View details
    954 Indianapolis Blvd
    RESTAURANT

    954 Indianapolis Blvd, Hammond, IN 46320-1005

    $845,000
    Estimated value
    0.97 AC lot
    View details
    914 Indianapolis Blvd
    RESTAURANT

    914 Indianapolis Blvd, Hammond, IN 46320-1005

    $705,000
    Estimated value
    0.86 AC lot
    View details
    906 Indianapolis Blvd
    RESTAURANT

    906 Indianapolis Blvd, Hammond, IN 46320-1005

    Value Estimation by Request
    0.93 AC lot
    View details
    922 Indianapolis Blvd
    RESTAURANT

    922 Indianapolis Blvd, Hammond, IN 46320-1005

    Value Estimation by Request
    1.00 AC lot
    View details
    825 Rdg Rd
    RESTAURANT

    825 Rdg Rd, Munster, IN 46321-1719

    Value Estimation by Request
    2,504 sqft 0.31 AC lot
    View details

    Hammond, IN Restaurants Market Trends and Statistics

    Explore 70 restaurants for sale in Hammond, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 11,113 square feet of properties for sale, with an estimated market value of $3,045,000.

    Sale prices for restaurant properties in Hammond, IN start at $225,000, averaging $761,250, and reaching up to $1,595,000 — 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 3
    Drive through restaurants 1

    Demographics Overview

    Population 117K
    Population Growth (5Y) +1.0%
    Median Household Income $68,360
    College Educated 24.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    46320 $232K
    46323 $1M

    Taxes & Financing

    Tax Rate (average for all types) 3.82%
    Property Tax per SF $41.87 per SF
    Tax Rate vs County Average 0.74 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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    Most Searched ZIP Codes in Hammond, IN

    • 46320
    • 46321
    • 46323

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