5900-5960 Miller AVE, Gary, IN 46403
5900-5960 Miller AVE, Gary, IN 46403
5900-5960 Miller AVE, Gary, IN 46403
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$750,000
Est. payment /mo
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3,400 SqFt
Active

5900-5960 Miller AVE Gary, IN 46403

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $220

Subdivision Ryans Sub

MLS Listing ID 836178

HOA Y/N No

Year Built 1936

Annual Tax Amount $5,417

Tax Year 2024

Lot Size 0.427 Acres

Acres 0.4275

Property Sub-Type Retail

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.

Location

State IN

County Lake

Rooms

Basement Bath/Stubbed, Storage Space, Interior Entry

Interior

Interior Features Ceiling Fan(s), Wet Bar, Stone Counters, Recessed Lighting, Open Floorplan, High Ceilings

Heating Central, Zoned, Natural Gas, Forced Air

Fireplace N

Appliance Built-In Gas Range, Stainless Steel Appliance(s), Range Hood, Refrigerator, Range, Gas Water Heater, Gas Range, Gas Cooktop

Exterior

Exterior Feature Lighting, Rain Gutters

Parking Features Off Street, Paved, Asphalt, Alley Access, Additional Parking

View Y/N true

View City

Accessibility Accessible Approach with Ramp

Handicap Access Accessible Approach with Ramp

Building

Lot Description Corner Lot, Rectangular Lot, Near Public Transit, Paved, Few Trees

Sewer Public Sewer

Water Public

Others

Tax ID 450906404016000004

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing NRA20260326013648340748000000

Listing Terms NRA20260326013648340748000000

Listed by INcoast Homes LLC • Sam Geraci

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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5900-5960 Miller AVE