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    Hammond, IN Restaurants for Sale

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    Calumet City, IL East Chicago, IN Lansing, IL Chicago, IL South Holland, IL Whiting, IN Dolton, IL Gary, IN
    7 properties
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    Restaurant Property With Leased Bar
    Updated: Jun 12, 2025
    Restaurant Property With Leased Bar

    6247 Kennedy Avenue, Hammond, IN 46323

    $1,500,000
    4,366 sqft 0.62 AC lot
    4,366‑square‑foot restaurant property on a 0.62‑acre double lot
    Built in 1954 with a restaurant and separately leased bar operation
    Latin Bliss Restaurant is owner‑occupied
    Kenwood Tap is fully leased
    Wet bar and equipped commercial kitchen
    View details

    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

      5.7%
      NOI ÷ price

    • Est. NOI

      $85K
      Annual

    • Price @ 7% Cap

      $1.22M
      Suggested

    • Property Type

      Retail Stores
      Built 1954
    View Property Analytics
    Corner Bar & Pub Building
    Updated: Jun 3
    Corner Bar & Pub Building

    1403 Michigan Street, Hammond, IN 46320

    $225,000
    2,012 sqft 0.22 AC lot
    2,012 square feet of commercial building space
    0.215‑acre property at the corner of Michigan Street and Tell Avenue
    Open floor plan with wet bar and ceiling fans
    Commercial appliances included
    Rear storage area
    View details
    Turnkey Restaurant and Bar
    Turnkey Restaurant and Bar

    6247 Kennedy Ave, Hammond, IN 46323

    $1,500,000
    4,366 sqft 0.62 AC lot

    Own an operating restaurant plus a fully leased bar on a double lot.

    View details
    Bar Building with Rear Storage
    Bar Building with Rear Storage

    1403 Carroll St, Hammond, IN 46320

    $239,000
    2,012 sqft

    Commercial improvements include parking, appliances, and separate rear storage.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Corner Bar and Restaurant Building
    Corner Bar and Restaurant Building

    1403 Michigan Street, Hammond, IN 46320

    Contact for pricing
    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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    Neighborhood Bar with Licenses
    Neighborhood Bar with Licenses

    6729 N Kennedy Ave, Hammond, IN 46323

    Contact for pricing

    Sale includes a 3-way liquor license and Gaming license for continued bar operations.

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    Drive-Through Restaurant with Kitchen
    Drive-Through Restaurant with Kitchen

    6621 Columbia Ave, Hammond, IN 46320

    Contact for pricing

    Equipped food-service space with customer seating, cooking equipment, and dedicated vehicle service access.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 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.

    Restaurant and Bar Building
    Restaurant and Bar Building

    604 W 151st St, East Chicago, IN 46312

    Contact for pricing
    1,875 sqft

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

    View details
    Remodeled Restaurant with Upstairs Apartment
    Remodeled Restaurant with Upstairs Apartment

    3323 Ridge Road, Lansing, IL 60438

    $725,000
    0.18 AC lot

    Full-service restaurant with a large bar, outdoor patio, commercial kitchen, and event-ready seating areas.

    View details
    Fully Equipped Carry-Out Restaurant
    Fully Equipped Carry-Out Restaurant

    3212 171st St, Lansing, IL 60438

    Contact for pricing

    Operating Chinese restaurant with carry-out service, fixtures, equipment, and operational setup included.

    View details
    Commercial Kitchen with Basement Storage
    Commercial Kitchen with Basement Storage

    602 W 151st St, East Chicago, IN 46312

    Contact for pricing

    Former bakery, restaurant, and catering facility with food-service infrastructure and separate public and employee restrooms.

    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.

    View details
    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
    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

    $415,000
    Estimated value
    4,187 sqft 0.68 AC lot
    View details
    935 Hoffman St
    RESTAURANT

    935 Hoffman St, Hammond, IN 46327-1838

    $270,000
    Estimated value
    6,440 sqft 0.36 AC lot
    View details
    6646 Kennedy Ave
    RESTAURANT

    6646 Kennedy Ave, Hammond, IN 46323

    $250,000
    Estimated value
    640 sqft 0.31 AC lot
    View details
    6233 Hohman Ave
    RESTAURANT

    6233 Hohman Ave, Hammond, IN 46324-1055

    $270,000
    Estimated value
    3,072 sqft 0.35 AC lot
    View details
    6821 Grand Ave
    RESTAURANT

    6821 Grand Ave, Hammond, IN 46323-1944

    $245,000
    Estimated value
    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

    $320,000
    Estimated value
    1,140 sqft 0.13 AC lot
    View details
    5851 Calumet Ave
    RESTAURANT

    5851 Calumet Ave, Hammond, IN 46320-2354

    $270,000
    Estimated value
    2,769 sqft 0.46 AC lot
    View details
    7938 Calumet Ave
    RESTAURANT

    7938 Calumet Ave, Munster, IN 46321-1216

    $400,000
    Estimated value
    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

    $435,000
    Estimated value
    1.72 AC lot
    View details
    6817 Grand Ave
    RESTAURANT

    6817 Grand Ave, Hammond, IN 46323-1944

    $250,000
    Estimated value
    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

    $380,000
    Estimated value
    0.98 AC lot
    View details
    954 Indianapolis Blvd
    RESTAURANT

    954 Indianapolis Blvd, Hammond, IN 46320-1005

    $925,000
    Estimated value
    0.97 AC lot
    View details
    914 Indianapolis Blvd
    RESTAURANT

    914 Indianapolis Blvd, Hammond, IN 46320-1005

    $770,000
    Estimated value
    0.86 AC lot
    View details
    906 Indianapolis Blvd
    RESTAURANT

    906 Indianapolis Blvd, Hammond, IN 46320-1005

    $380,000
    Estimated value
    0.93 AC lot
    View details

    Hammond, IN Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Hammond, IN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 14,756 square feet of properties for sale, with an estimated market value of $3,464,000.

    Sale prices for restaurant properties in Hammond, IN start at $225,000, averaging $866,000, and reaching up to $1,500,000 — 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 6
    Conventional restaurants 5
    Commercial kitchens 2
    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 $225K
    46324 $349.9K
    46323 $1.3M

    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

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    • 46320
    • 46323

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