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.
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA836178
Price : $850,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1936
Lot Area : 18,620 Sqft
Status : Active
Acres : 0.4275
Property Subtype 1 : Retail
Status : Active
Features
Heating System : Central, Forced Air, Natural Gas, Zoned
Basement : Yes
Parking : Paved, Off Street, Additional Parking, Alley Access, Asphalt
Exterior Features : Rain Gutters, Lighting
Interior Features : Wet Bar, Ceiling Fan(s), High Ceilings, Recessed Lighting, Open Floorplan, Stone Counters
Appliances
Appliances : Range Hood, Refrigerator, Gas Range, Built-in Gas Range, Stainless Steel Appliance(s), Gas Water Heater, Gas Cooktop, Range