Your email has been sent.
Freestanding Restaurant & Bar (LC-M-IN-TR) 8239 Georgia St 6,313 SF of Retail Space Available in Merrillville, IN 46410



Highlights
- Extensive Leasehold Improvements Already In Place - Beautifully Improved Restaurant Space - Attractive, High-Quality Dining Room & Bar Buildout
- Existing Liquor License, Which Is Owned By The Landlord & Available For Use With The Premises - The Liquor License Transfers With The Location
- Within One Of Merrillville's Busiest Commercial Districts - One Of Northwest Indiana's Strongest Retail & Dining Corridors
- Fully Equipped Commercial Kitchen W/26ft Hood - Extensive Professional-Grade Cooking Equip Generous Prep Areas, Walk-In Refrigeration, Ample Storage
- 6,826 SqFt Freestanding Building With Outstanding Visibility, Easy Accessibility & Abundant Parking
- Significant Savings Compared To Building A Comparable Restaurant From The Ground Up - Can Open Quicker While Minimizing Costs & Construction Time
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,313 SF | 3 Years | $19.72 CAD/SF/YR $1.64 CAD/SF/MO $124,485 CAD/YR $10,374 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Fully Equipped
- Free Standing building
- Outdoor Patio
- Large Kitchen
- Full Bar
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 6,313 SF | Gross Leasable Area | 6,313 SF |
| Property Type | Retail | Year Built | 2007 |
| Property Subtype | Restaurant |
| Total Space Available | 6,313 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,313 SF |
| Year Built | 2007 |
About the Property
Fully-Equipped Freestanding Restaurant & Bar Merrillville, IN - Just off The Hwy 30 & I-65 Interchange! "Turnkey - Premium Buildout - Extensive FF&E - Existing Liquor License" Outstanding opportunity to acquire a beautifully built-out, second-generation restaurant in one of Northwest Indiana's strongest retail and dining corridors. This is strictly an asset sale - the existing business, brand, recipes, and concept are not included, creating a blank canvas for an experienced operator to introduce virtually any restaurant, bar, brewery, steakhouse, seafood concept, upscale casual dining establishment, or other hospitality venture. Spanning 6,826 sqft, this impressive restaurant has been thoughtfully designed with quality craftsmanship, attractive finishes, and a highly functional layout that would cost significantly more to replicate today. The spacious dining room currently accommodates approximately 150 guests indoors, complemented by an inviting 30-seat outdoor patio that expands revenue opportunities during warmer months while enhancing the overall guest experience. At the heart of the operation is a fully equipped commercial kitchen featuring an impressive 26 ft exhaust hood, extensive professional-grade cooking equipment, generous prep areas, walk-in refrigeration, ample storage, and all of the essential furniture, fixtures, and equipment needed to begin operations quickly. The sale includes all FF&E, allowing a new owner to avoid the lengthy construction timelines, permitting challenges and substantial capital investment associated with building a comparable restaurant from the ground up. An additional advantage is the existing liquor license, which is owned by the landlord and available for use with the premises. The liquor license transfers with the location - not the existing business. A purchaser must be approved by the Indiana Alcohol & Tobacco Commission (ATC) as the designated “Manager” under the landlord's liquor license, providing an efficient path to offering alcoholic beverages without obtaining a new license. The lease offers exceptional long-term stability with a current gross rent of $7,964 per month, a lease term extending through October 2029, plus four additional 5-year renewal options, providing the opportunity to secure this prime location for decades to come. Whether you're an independent restaurateur, regional operator, franchise group or experienced hospitality investor, this rare asset sale delivers a premium restaurant facility with substantial existing infrastructure, quality leasehold improvements, extensive FF&E, valuable liquor license availability and an outstanding location - all at a fraction of replacement cost. Location: Prime retail space in a freestanding building with outstanding visibility, easy accessibility, abundant parking. Strategically positioned within one of Merrillville's busiest commercial districts, the location enjoys continuous traffic generated by surrounding retailers, restaurants, hotels, offices, residential neighborhoods and regional attractions. And the area's strong consumer demographics, daytime workforce and steady flow of visitors create an ideal environment for a wide variety of restaurant concepts. Built: 2007. Lease Information: Leased space $7,964/mth + NNN. Current lease expires Oct 2029 with four 5-year options. Square Feet: 6,826. Seating: 150 Inside & 30+ Outside. Days/Hrs of Operation: We-Fr 4p-9p, Sa-Su 12n-9p (Closed Mondays-Tuesdays). Value of FF&E: Included In Asking Price. Value of Inventory: Not Included In Asking Price. Seller Financing Available: No. Reasons for Selling: Other interests. Competition/Market: Ideal for virtually any full-service restaurant, sports bar, steakhouse, seafood restaurant, brewery, upscale casual dining concept or franchise conversion. Opportunity Highlights - Extensive leasehold improvements already in place - Beautifully improved restaurant space - Attractive, high-quality dining room and bar buildout - Fully equipped commercial kitchen with 26ft hood - Ample seating both inside and out - Existing liquor license available with the premises (landlord owned) - Excellent visibility, accessibility and parking - Located in a premier retail, restaurant and hospitality corridor - Significant savings compared to building a comparable restaurant from the ground up - Can open quicker while minimizing startup costs & construction timelines Growth & Expansion: Location, location, location!!! Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Tim Ryan at Tim@eatz-associates.com or call 847-343-1332 for more information. Showings by appointment only outside of business hours. Listed by Tim Ryan and Tom Traina at EatZ & Associates/EatZ Real Estate Group LLC
Nearby Major Retailers
Presented by
Freestanding Restaurant & Bar (LC-M-IN-TR) | 8239 Georgia St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.




