1209 Sheffield AveDyer, IN 46311

Property Details for 1209 Sheffield Ave

Year built

1962

Construction

WOOD

Lot size

0.60 AC

Property size (Sq ft)

3,970 SF

Property type

Turn key restaurants

APN

45-10-01-451-007.000-034

APU

451001451007000034

Description

This exceptional turnkey restaurant and bar opportunity is located at 1209 Sheffield Avenue in Dyer, Indiana. The property encompasses a substantial 4,000 square feet within a well-maintained brick building, offering significant curb appeal. A highly desirable three-way liquor license is included, a key asset for any prospective owner. The property sits on a 0.6-acre lot and features ample parking to accommodate a large number of patrons. An attractive outdoor seating area provides additional space for guests to enjoy the establishment. A unique feature is a secluded bar with a separate entrance, ideal for hosting private events or creating a distinct atmosphere. The location benefits from high visibility and traffic, with an average daily count of 7,995 vehicles in 2023. This prime location is situated near other businesses and shopping amenities, offering convenient access for customers. Its proximity to Illinois and Interstate 94 further enhances its accessibility and appeal. This is a remarkable chance to acquire an established business or launch a new venture in a thriving community. The asking price for this property is $884,850. This represents a significant investment opportunity with considerable potential for growth and profitability. Don't miss this chance to own a thriving business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,875,492

  6.5%

  $1,731,223

  7%

  $1,607,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,303,073

  Geo Method

  $1,303,073

• Alternative Use

  Use

  Valuation

  Residential

  $1,460,352

  Hospitality

  $1,337,674

  Educational

  $1,112,929

  Medical

  $1,151,205

  Retail

  $1,731,223

Location Insight

City

Dyer

County

Lake

State

Indiana

Latitude

41.5097

Longitude

-87.5185

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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