Turnkey Restaurant and Bar with a 3-way liquor license with carryout located at the best intersection of Downtown Miller Beach! Located within a designated TIF District/Opportunity Zone and just minutes from the beach, expressways, bike paths and The South Shore Line, this completely rebuilt restaurant with all new mechanicals, a large bifold window and private parking for more than 30 has it all: fully equipped kitchen with a 12-foot hood, complete bar with seating for 10 and 3 TVs, furnished dining room with seating for more than 70, large basement with 2 walk-in coolers/freezers and a staff restroom and much more. Currently leased NNN at a 6 percent cap rate as is. Potential to increase profits with expanded hours, bar service and marketing/advertising. Further potential in developing the vacant lot. Was once a strip mall. Miller Beach is an ever-improving community located within the National Lakeshore that is poised for radical growth. Homes on the water sell near or well-above 1million AND the area is one of the top tourist and lodging destinations within the Indiana Dunes. Lead by an active and ambitious administration, the community has also made an attractive offer for the Chicago Bears stadium. Please do not disturb the restaurant. Serious and qualified inquiries only.
Listed By
Agency Name: INcoast Homes LLC
Agency Phone: (773) 983-1904
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
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5900-5960 Miller Avenue, Gary, IN 46403.
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5900-5960 Miller Avenue, Gary, IN 46403.
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5900-5960 Miller Avenue | MLS# 836178
This commercial property located at 5900-5960 Miller Avenue, Gary, IN 46403 is currently listed for sale with an asking price of $800,000. Search Gary real estate on www.coldwellbanker1stchoice.com today.