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4489 Broadway 2,404 SF Retail Building Gary, IN 46409 $205,000 ($85.27/SF)

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EXECUTIVE SUMMARY

Bugsy's Tavern has been in operation since 2007 and is now available for purchase as a fully operational, turn-key business on a 0.13-acre lot. A 1,270-square-foot establishment with a rich history. This tavern was formerly operated as Red's Keg and was originally built in 1930. Bugsy's now operates with a nostalgic Harley Davidson themed decor. It spans the length of the building, offering seating for approximately 50 patrons, including 15 stools at the counter, additional seating for 20 spread throughout the facility, and 15 more on the outside patio. The outside patio has two tables and bench seating as well. Entertainment income is obtained by the music selections, dart board, and pull tab gambling. Multiple flat-screen TVs to keep guests engaged. This is a Smoking establishment, presently serving only limited bar food, but has a small kitchen for owners who would like to expand the menu options. For comfort and convenience, the property features heating and air conditioning for year-round climate control, along with two restrooms. Outdoors, a small patio provides extra space for guests to unwind, while 20 onsite parking spaces and additional street parking ensure ample availability. This tavern has a long term, hands on owner who has kept hours of operation of Noon to 8pm (sometimes later). Additional income can be generated by expanding the hours of operation. The bar can stay open until 3am. This turn-key property is ready for immediate operation. Don't miss this great income opportunity!

TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
2,404 SF
Building Class
C
Year Built/Renovated
1930/1953
Price
$205,000
Price Per SF
$85.27
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.13 AC
Zoning
Business 1 - Commercial Bussiness
Parking
10 Spaces (6.55 Spaces per 1,000 SF Leased)
Frontage
75’ on 45th Ave

AMENITIES

  • Signalized Intersection

NEARBY MAJOR RETAILERS

Chase Bank
Fifth Third Bank
Centier Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
45-08-27-355-022.000-004
Land Assessment
$7,300 (2025)
Improvements Assessment
$71,100 (2025)
Total Assessment
$78,400 (2025)
  • Listing ID: 39179346

  • Date on Market: 1/22/2026

  • Last Updated:

  • Address: 4489 Broadway, Gary, IN 46409

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