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    4477-4479 Cleveland Street

    Gary, IN 46408
    • $475,000
    • STATUS: Active
    • ON SITE: 63 Days
    • MLS #: 498405
    UPDATED: 29 min ago
    $475,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,753
      SQFT
    • $127
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Description

    Turn key Business looking for a new owner to take over, after 44 years under current ownership! The current owner is retiring and ready to hand over this operational and established restaurant and bar that is known as Arvin Cedar Bar. Netting positive cash flow with a 38% cap rate, they have a 3 way liquor license, large and smaller space for hosting events, parking lot with 40 spaces, 3753 sq ft with all equipment included. Located near 65 and 80/94. Set up a viewing of this great business and investment opportunity! Will provide an income statement with letter of intent.

    Monthly Payment Calculator

    © 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-10-23T22:52:31.557.
    www.mccormickrealestateindiana.com/homes/120688765
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    4477-4479 Cleveland Street Gary, IN 46408

    • Price: $475,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 498405
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    3,753
    SQFT
    $127
    $/SQFT
    1966
    Built
    Neighborhood:
    Oakington Park Third Sub
    County:
    Lake
    Area:
    Gary
    Property Description
    Turn key Business looking for a new owner to take over, after 44 years under current ownership! The current owner is retiring and ready to hand over this operational and established restaurant and bar that is known as Arvin Cedar Bar. Netting positive cash flow with a 38% cap rate, they have a 3 way liquor license, large and smaller space for hosting events, parking lot with 40 spaces, 3753 sq ft with all equipment included. Located near 65 and 80/94. Set up a viewing of this great business and investment opportunity! Will provide an income statement with letter of intent.
    Exterior Features

    Building Construction Frame Building Exterior BrickWood Frame Dock Features None Foundation Block Frontage Access City StreetPublic Road Lot Dimensions 90X124 Misc Outside Security SystemOther Parking Common ParkingOpen ParkingPaved ParkingPrivate Parking Parking Spaces 40 Rail Availability PotentialNone Roof Coverings RubberOther Roof Structure FlatOther

    Interior Features

    Air Conditioning Ventilation Central AirExhaust Fan(S) Ceiling Type AcousticalOther Floor Finish ParquetOther Floors Concrete Heat Ventilation Ceiling UnitsGas Heat Misc Inside Lunch RoomMeeting RoomPublic Restrooms

    Property Features

    Amenities Exterior LightingLiquor License Backup Information Aerial MapLegal DescriptionTax Bill Current Use EntertainmentHallLiq. Lic. AvailableRecreationalRestaurant/Food ServTavern/Bar/Lounge Electrical Service 101 - 200 Amps201 - 600 Amps Fire Protection Alarm On SiteAnsul SystemFire Extinguishers Information Confidentiality ReqOther Possession Negotiable Potential Use Convenience StoreEntertainmentFlex SpaceGas Station/Auto SerHallLiq. Lic. AvailableOfficeRestaurant/Food ServRetailTavern/Bar/Lounge Property Subtype1 Other Taxes 5670 Tenant Pays None Terms CashConventional Transaction Type Sale Utilities On

    Listing information © 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
    Listing courtesy of Jeff Mccormick of Mccormick Real Estate, Inc..

    © 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-10-23T22:52:31.557.
     
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