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48 E Joliet St 7,038 SF 100% Leased Retail Building Schererville, IN 46375 For Sale
Investment Highlights
- 3,000 SF Fully Built Out Restaurant w/Full Bar
- 950 SF Remodeled Dining Room in 2024
- All FF&E Included in Sale
- 3-Way Liquor License
- Newly Remodeled 3 Bedroom/1 Bath Apartment Above Restaurant w/Tenant
- 25+ Parking Spots/Recently Resealed
Executive Summary
Schererville Lounge now for Sale in Schererville, IN. The Building is 7,038 SF in total with the restaurant being 3,000 SF on the main floor. Restaurant includes Full Bar, extremely clean and well kept kitchen w/hood, and newly remodeled dining room in 2024. All of the FF&E is included in the sale of the building. There is a full basement that serves as storage for the restaurant. The upstairs includes and office with bath as well as a newly remodeled 3 bedroom/1 bathroom apartment with a tenant in place for additional income. 25 parking space lot that was recently resealed. Great location across from the Schererville police station and town hall.
The subject property is located on in downtown Schererville across the street from the Schererville Police Station and Town Hall.
Schererville is a town in St. John Township, Lake County, Indiana. The population was 29,646 at the 2020 census. It is part of the Chicago MSA. Long before Indiana became a state, long before the founding of Schererville, people called this place the "Crossroads." Many residents of Schererville commute to work in downtown Chicago due to the city's proximity. Schererville is home to one of Northwest Indiana's premiere retail trade areas.
The subject property is located on in downtown Schererville across the street from the Schererville Police Station and Town Hall.
Schererville is a town in St. John Township, Lake County, Indiana. The population was 29,646 at the 2020 census. It is part of the Chicago MSA. Long before Indiana became a state, long before the founding of Schererville, people called this place the "Crossroads." Many residents of Schererville commute to work in downtown Chicago due to the city's proximity. Schererville is home to one of Northwest Indiana's premiere retail trade areas.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,038 SF
Building Class
B
Year Built
1949
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.35
Lot Size
0.12 AC
Zoning
C-2 - Community Commercial
Parking
25 Spaces (3.55 Spaces per 1,000 SF Leased)
Frontage
41’ on E Joliet St
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $439,300 | |
| Land Assessment | $51,200 | Total Assessment | $490,500 |
Property Taxes
Parcel Numbers
Land Assessment
$51,200
Improvements Assessment
$439,300
Total Assessment
$490,500
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48 E Joliet St
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