Price Reduction
Address
4477-4479 Cleveland Street #4479 Gary, IN
Price
$ 375,000
Property Attributes
  • MLS#498405
  • TypeCommercial
  • CountyLAKE
  • CityGary
  • NeighborhoodOakington Park Third Sub
  • Zip46408
  • Style
  • Price$ 375,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3753
  • Lot Size0.4 Acres
Listing Provided Courtesy Of:
Jeff McCormick with McCormick Real Estate, Inc.
Data Source:
Greater Northwest Indiana MLS (GNIAR) - 209 - IN
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.

Price History
8/11/2021 Listed $495,000
9/3/2021 5% - $475,000
11/3/2021 22% - $375,000

General Features

Exterior Features Brick, Wood Frame
Lot Size Square Feet 17337.00
Property SubType Other
Property Type Commercial
Subdivision Name Oakington Park Third Sub
Transaction Type Sale
Unit Number 4479
Year Built 1966

Interior Features

Living Area 3753.00

Exterior Features

Parking Spaces 40

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 46408

Price
AVG $210K
$380K
Visits
AVG 37
33
Year Built
AVG 1956
1966
Walkscore
AVG 30
31
Data Provided by Walkscore ® not using MLS data

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