Jennifer D. Jennings
REALTOR®
SQUARE FEET3,400
MLS#836178
STATUSActive
PROPERTY TYPECommercial - Retail
SUBDIVISIONRyans Sub
Property Description
REDUCED! 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 7 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.
Property Features
Property Type: Commercial - Retail
Heating: Central, Zoned, Natural Gas, Forced Air
Lot Size: 0.43 Acres
Taxes: $5,417
Year Built: 1936
Amenities
Ceiling Fan(s)
Wet Bar
Stone Counters
Recessed Lighting
Open Floorplan
High Ceilings
Lighting
Rain Gutters
Appliances
Built-In Gas Range
Stainless Steel Appliance(s)
Range Hood
Refrigerator
Range
Gas Water Heater
Gas Range
Gas Cooktop
Feature Descriptions
Accessibility: Accessible Approach with Ramp
Days on Site: 163
Lot: Corner Lot, Rectangular Lot, Near Public Transit, Paved, Few Trees
Parking Features: Off Street, Paved, Asphalt, Alley Access, Additional Parking
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Utilities: Cable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
Water: Public
Listed By / Shown By
Listed By
Agency Name: INcoast Homes LLC
Agency Phone: (773) 983-1904
Shown By
Agent Name: Jennifer D. Jennings
Agent Phone: (989) 295-4680
Agency Title: Key Realty
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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 $750,000. Search Gary real estate on www.jdjrealtor.com today.