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1027 Sheffield Ave
Dyer, IN 46311
Retail Property For Sale

Investment Highlights

  • Class A retail and office space located along heavily traveled US Highway 6.
  • Pylon and above-unit signage opportunities for superior brand visibility.
  • Ample on-site parking for customers and employees.
  • Flexible suite options ranging from 1,510 SF to 6,232 SF.
  • Co-tenancy with recognizable businesses ensuring built-in foot traffic.
  • Easy access from major routes with proximity to Portage High School and area attractions.

Executive Summary

This +/- 9,848 SF property offers a rare opportunity to acquire a fully built-out, operational bar/restaurant in a high-traffic Dyer corridor. The building is also occupied by a Chinese restaurant paying under market rent + NNN and an operating sports bar component, the property is well-maintained and positioned for a seamless transition to a new concept or operator. The bar/restaurant (included in the sale) includes a full-service bar, pool tables, games and seating providing flexibility for a variety of restaurant formats or event-driven uses. The sale includes all furniture, fixtures, and equipment (FF&E), along with a valuable Dyer 3-way liquor license, allowing immediate operational continuity. While the space is ideally suited for a bar user, the building also presents the option to demised or reposition portions for retail or office use, creating additional income potential. Located along Sheffield Avenue near established neighborhood anchors and the new South Shore commuter station, the property benefits from increasing traffic counts and strong visibility making it a compelling opportunity for an owner-user or investor seeking a Value-Add upside.
Dyer, Indiana is a stable, high-demand suburban community along the Illinois border, approximately 30 miles from downtown Chicago. With a growing population right on the Illinois/Indiana border with even better access to the broader Chicago Southland trade area, the town benefits from strong household incomes and consistent consumer demand, making it well-suited for restaurant and retail uses. The property on Sheffield Avenue is positioned near established daily-needs anchors such as Berkot’s Super Foods and Ace Hardware, providing steady local traffic. The recent opening of the Munster/Dyer South Shore Line Station has significantly increased vehicle flow along this corridor, as commuter traffic to and from Chicago is now routed past the site enhancing visibility and peak-hour exposure. Combined with proximity to U.S. Route 30 and Interstate 80/94, this location offers a strong mix of local, regional, and commuter-driven traffic, creating an attractive opportunity for restaurant operators seeking consistent volume and accessibility.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,849 SF
Building Class
C
Year Built
1976
Price
$1,099,000
Price Per SF
$111.58
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.57 AC
Zoning
C - Commercial
Parking
63 Spaces (6.4 Spaces per 1,000 SF Leased)

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 45-10-01-401-006.000-034
  • 45-10-01-401-007.000-034
  • 45-10-01-401-005.000-034
Land Assessment
$174,000
Improvements Assessment
$743,300
Total Assessment
$917,300
  • Listing ID: 40482641

  • Date on Market: 5/11/2026

  • Last Updated:

  • Address: 1027 Sheffield Ave, Dyer, IN 46311

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