For Sale
$2,500,000

740 81St Ave Merrillville, IN 46410

Prime Restaurant Space, 7,607 SF, 1.93 Acres

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional Merrillville, Indiana restaurant property presents a unique investment opportunity. Located at 740 East 81st Avenue, this 7,607 square foot former restaurant sits on a spacious 1.93-acre lot and boasts ample parking with approximately 150 spaces. The property features multiple seating areas, including a bar and a patio, offering versatile space for a variety of culinary concepts. The building is ready for immediate occupancy and could easily be adapted to suit a new restaurant's needs. Its strategic location offers high visibility and accessibility. A significant advantage is its adjacency to a separate, larger development opportunity encompassing over 40 acres, presenting potential for synergistic expansion or collaborative ventures. The asking price is $2,500,000, translating to $328.64 per square foot. This property is ideally suited for an experienced restaurateur seeking a turnkey operation or a developer looking to capitalize on the combined potential of the restaurant and the adjacent land. The property's size, location, and potential for expansion make it a compelling investment in a thriving market. The 46410 zip code offers excellent access to major transportation routes and a strong local customer base. This is a rare opportunity to acquire a substantial restaurant property with significant upside potential.

Highlights

  • 7,607 square feet of building space.
  • 1.93-acre lot.
  • 150 parking spaces available.
  • 41.4-square-foot adjacent parcel for sale.

Property Details for 740 81St Ave

Property type
Retail properties, Restaurants
Square Feet
7,607 SF

Location Insight

City
Merrillville
County
Lake
State
Indiana
Latitude
41.4719381
Longitude
-87.330438

FAQs

What type of property is this?
Retail property - Prime Restaurant Space, 7,607 SF, 1.93 Acres
Where is the retail property located?
The property is located at 740 81St Ave Merrillville, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,607 square feet of building space.; 1.93-acre lot.; 150 parking spaces available.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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740 81St Ave
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