Gary, IN 46403 5900-5960 Miller Avenue
$750,000



46 more














































Presented By: Sam Geraci with INcoast Homes LLC - (773) 983-1904;
Home Details
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.
Presented By: Sam Geraci with INcoast Homes LLC - (773) 983-1904;
Interior Features for 5900-5960 Miller Avenue
Other Interior Features
Interior AmenitiesCeiling Fan(s), Wet Bar, Stone Counters, Recessed Lighting, Open Floorplan, High Ceilings
General for 5900-5960 Miller Avenue
AccessibilityAccessible Approach with Ramp
AppliancesBuilt-In Gas Range, Stainless Steel Appliance(s), Range Hood, Refrigerator, Range, Gas Water Heater, Gas Range, Gas Cooktop
Building FeaturesPrivate Restrooms, Business District Location, Exposed Under Roof Ceiling(s), Exterior Lighting, Patio, Public Restrooms
CityGary
CountyLake
DirectionsLake Street North to Miller Ave.
Electric100 Amp Service
Electric Expense
Gross Income50000
HeatingCentral, Zoned, Natural Gas, Forced Air
Insurance Expense
Legal DescriptionPT. E1/2 S.6 T.36 R.7 .24 A.
Listing TermsCash, Conventional
Lot Size Square Feet18620
MaintenanceExpense
Net Operating Income50000
OwnerPaysRoof Maintenance
Property SubtypeRetail
Property TypeCommercial Sale
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameRyans Sub
Tax Annual Amount5417
Tax Year2024
Taxes$0
Total Actual Rent50000
TownshipCalumet
Trash Expense0
UtilitiesCable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
ViewCity
Year Built1936
Exterior for 5900-5960 Miller Avenue
Exterior AmenitiesLighting, Rain Gutters
Lot FeaturesCorner Lot, Rectangular Lot, Near Public Transit, Paved, Few Trees
Lot Size Acres0.4275
Lot Size SourceSurvey
Parking FeaturesOff Street, Paved, Asphalt, Alley Access, Additional Parking
Total Parking30
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History

SQFT • 3,400