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    Munster, IN
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    Munster, 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 34 Potential Opportunities for your consideration. Besides 5 Active listings in Munster, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 21 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.

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    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.

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    Off-Market Properties in Munster, IN

    Consider similar Off-Market properties in Munster, 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
    7938 Calumet Ave
    RESTAURANT

    7938 Calumet Ave, Munster, IN 46321-1216

    Value Estimation by Request
    3,260 sqft 0.62 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
    825 Rdg Rd
    RESTAURANT

    825 Rdg Rd, Munster, IN 46321-1719

    Value Estimation by Request
    2,504 sqft 0.31 AC lot
    View details
    830 Rdg Rd
    RESTAURANT

    830 Rdg Rd, Munster, IN 46321-1720

    Value Estimation by Request
    2,528 sqft 0.48 AC lot
    View details
    7949 Calumet Ave
    RESTAURANT

    7949 Calumet Ave, Munster, IN 46321-1215

    Value Estimation by Request
    1,953 sqft 0.72 AC lot
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    9611 Calumet Ave
    RESTAURANT

    9611 Calumet Ave, Munster, IN 46321-2871

    $625,000
    Estimated value
    6,477 sqft 0.77 AC lot
    View details
    815 Rdg Rd
    RESTAURANT

    815 Rdg Rd, Munster, IN 46321-1719

    Value Estimation by Request
    2,789 sqft 0.93 AC lot
    View details
    8003 Calumet Ave
    RESTAURANT

    8003 Calumet Ave, Munster, IN 46321-1217

    Value Estimation by Request
    3,177 sqft 0.58 AC lot
    View details
    8940 Calumet Ave
    RESTAURANT

    8940 Calumet Ave, Munster, IN 46321-2802

    Value Estimation by Request
    6,050 sqft 1.95 AC lot
    View details
    650 Rdg Rd
    RESTAURANT

    650 Rdg Rd, Munster, IN 46321-1610

    Value Estimation by Request
    2,926 sqft 0.81 AC lot
    View details
    615 Rdg Rd
    RESTAURANT

    615 Rdg Rd, Munster, IN 46321-1609

    Value Estimation by Request
    1,659 sqft 0.23 AC lot
    View details
    428 Rdg Rd
    RESTAURANT

    428 Rdg Rd, Munster, IN 46321-1529

    Value Estimation by Request
    2,616 sqft 0.92 AC lot
    View details
    515 Rdg Rd
    RESTAURANT

    515 Rdg Rd, Munster, IN 46321-1607

    $565,000
    Estimated value
    5,200 sqft 1.26 AC lot
    View details
    1101 Park Dr
    RESTAURANT

    1101 Park Dr, Munster, IN 46321-2544

    $990,000
    Estimated value
    19,561 sqft 6.87 AC lot
    View details
    10018 Calumet Ave
    RESTAURANT

    10018 Calumet Ave, Munster, IN 46321-4055

    Value Estimation by Request
    6,650 sqft 0.99 AC lot
    View details
    9311 Calumet Ave
    RESTAURANT

    9311 Calumet Ave, Munster, IN 46321-2809

    Value Estimation by Request
    7,684 sqft 2.04 AC lot
    View details
    8250 Calumet Ave
    RESTAURANT

    8250 Calumet Ave, Munster, IN 46321-1704

    Value Estimation by Request
    3,490 sqft 0.35 AC lot
    View details
    8102 Calumet Ave
    RESTAURANT

    8102 Calumet Ave, Munster, IN 46321

    Value Estimation by Request
    3,312 sqft 0.43 AC lot
    View details

    Munster, IN Restaurants Market Trends and Statistics

    Explore 26 restaurants for sale in Munster, 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 Munster, 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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    Demographics Overview

    Population 24K
    Population Growth (5Y) +3.9%
    Median Household Income $105,764
    College Educated 65.4%

    Taxes & Financing

    Tax Rate (average for all types) 2.54%
    Property Tax per SF $27.67 per SF
    Tax Rate vs County Average 0.52 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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    • 46320
    • 46321
    • 46323

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