Listings

Summary:

Outstanding opportunity to acquire a beautifully built-out, second-generation restaurant in one of Northwest Indiana's strongest retail and dining corridors.

This is strictly an asset sale - the existing business, brand, recipes and concept are not included, creating a blank canvas for an experienced operator to introduce virtually any restaurant, bar, brewery, steakhouse, seafood concept, upscale casual dining establishment or other hospitality venture.

Spanning 6,826 sqft, this impressive restaurant has been thoughtfully designed with quality craftsmanship, attractive finishes and a highly functional layout that would cost significantly more to replicate today. The spacious dining room currently accommodates approximately 150 guests indoors, complemented by an inviting 30-seat outdoor patio that expands revenue opportunities during warmer months while enhancing the overall guest experience.

At the heart of the operation is a fully equipped commercial kitchen featuring an impressive 26ft exhaust hood, extensive professional-grade cooking equipment, generous prep areas, walk-in refrigeration, ample storage and all of the essential furniture, fixtures and equipment needed to begin operations quickly.

The sale includes all FF&E, allowing a new owner to avoid the lengthy construction timelines, permitting challenges and substantial capital investment associated with building a comparable restaurant from the ground up.

An additional advantage is the existing liquor license, which is owned by the landlord and available for use with the premises. The liquor license transfers with the location - not the existing business. A purchaser must be approved by the Indiana Alcohol & Tobacco Commission (ATC) as the designated “Manager” under the landlord's liquor license, providing an efficient path to offering alcoholic beverages without obtaining a new license.

The lease offers exceptional long-term stability with a current base rent of $7,964 per month + NNN, a lease term extending through October 2029, plus four additional 5-year renewal options, providing the opportunity to secure this prime location for decades to come.

Whether you're an independent restaurateur, regional operator, franchise group or experienced hospitality investor, this rare asset sale delivers a premium restaurant facility with substantial existing infrastructure, quality leasehold improvements, extensive FF&E, valuable liquor license availability and an outstanding location - all at a fraction of replacement cost.

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please complete the short Contact Form on the right or email Tim Ryan at Tim@eatz-associates.com or call 847-343-1332 for more information. Showings by appointment only outside of business hours.

Competition:

Ideal for virtually any full-service restaurant, sports bar, steakhouse, seafood restaurant, brewery, upscale casual dining concept or franchise conversion.

Opportunity Highlights

- Extensive leasehold improvements already in place
- Beautifully improved restaurant space
- Attractive, high-quality dining room and bar buildout
- Fully equipped commercial kitchen with 26ft hood
- Ample seating both inside and out
- Existing liquor license available with the premises (landlord owned)
- Excellent visibility, accessibility and ample parking
- Located in a premier retail, restaurant and hospitality corridor
- Significant savings compared to building a comparable restaurant from the ground up
- Can open quicker while minimizing startup costs & construction timelines

Growth and Expansion:

Location, location, location!!!

Location:

Prime retail space in a freestanding building with outstanding visibility, easy accessibility, abundant parking.

Strategically positioned within one of Merrillville's busiest commercial districts, the location enjoys continuous traffic generated by surrounding retailers, restaurants, hotels, offices, residential neighborhoods and regional attractions.

And the area's strong consumer demographics, daytime workforce and steady flow of visitors create an ideal environment for a wide variety of restaurant concepts.

County: Lake

Facilities:

Lease Information: Leased space $7,964/mth + NNN. Current lease expires Oct 2029 with four 5-year options.

Square Feet: 6,826.

Seating: 150 Inside & 30+ Outside.

Days/Hrs of Operation: We-Fr 4p-9p, Sa-Su 12n-9p (Closed Mondays-Tuesdays).

Real Estate: Leased.

Value of FF&E: Included In Asking Price.

Value of Inventory: Not Included In Asking Price.

Number of Employees: N/A.

Support/Training: N/A.

Seller Financing Available: No.

Reason for Selling: Other interests.