6247 Kennedy Avenue, Hammond, IN 46323 (MLS# 822381)

6247 Kennedy Avenue, Hammond, IN 46323

$1,000,000

Property Type: Commercial Sale Square Footage: 4,366 Lot Size (sq. ft.): 27,007 Status: Active

Current Price: $1,000,000 List Date: 6/12/2025 Last Modified: 7/15/2025

Overview

Description

Prime Commercial Opportunity - Turnkey Restaurant with Cash-Flowing Tenants Seize this rare chance to own a .62-acre double lot featuring an operating, income-generating business included in the sale. This unique property includes two tenants: the owner-occupied Latin Bliss Restaurant, a well-established venue with a loyal customer base, and Kenwood Tap, a fully leased bar offering stable rental income. Whether you're an investor or an owner-operator, this is a turnkey opportunity to step into a thriving restaurant and bar setup with built-in cash flow. Located in a high-visibility area, the property offers endless potential for future development or expansion. Bring your vision and unlock the full potential of this incredible property!

Listing Details MLS# 822381

General Property Information

Number Of Units Total: 2
Living Area: 4366
Building Area Source: Assessor
Year Built: 1954
Parking Total: 13698
Lot Size Acres: 0.62
Lot Size Square Feet: 27007.2
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No

Property Features

Appliances: Built-In Gas Range; Dishwasher; Freezer; Microwave; Range Hood; Refrigerator; Stainless Steel Appliance(s); Water Heater; Other Building Features: High Speed Internet; Multi Tenant; Private Restrooms; Public Restrooms Business Type: Bar/Tavern/Lounge; Restaurant Construction Materials: Brick Cooling: Ceiling Fan(s); Central Air Current Use: Commercial Electric: 200+ Amp Service Exterior Features: Other Heating: Forced Air Interior Features: Wet Bar Listing Terms: Cash; Conventional Lock Box Information: Call Listing Office Owner Pays: Common Area Maintenance; Insurance; Taxes Parking Features: Asphalt Possession: Close Of Escrow; Subject To Tenant Rights Rail Availability: None Roof: Asphalt Security Features: Carbon Monoxide Detector(s); Security Lights; Security System; Smoke Detector(s) Sewer: Public Sewer Special Licenses: None Special Listing Conditions: None Tenant Pays: All Utilities Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 1000000
Property Sub Type: Business
Listing Agreement: Exclusive Right To Sell
Common Interest: None
Occupant Type: Owner

Location Tax and Legal

Street Number: 6247
Street Name: Kennedy
Street Suffix: Avenue
County: Lake
State: IN
Postal Code: 46323

Remarks and Miscellaneous

Public Remarks: Prime Commercial Opportunity - Turnkey Restaurant with Cash-Flowing Tenants Seize this rare chance to own a .62-acre double lot featuring an operating, income-generating business included in the sale. This unique property includes two tenants: the owner-occupied Latin Bliss Restaurant, a well-established venue with a loyal customer base, and Kenwood Tap, a fully leased bar offering stable rental income. Whether you're an investor or an owner-operator, this is a turnkey opportunity to step into a thriving restaurant and bar setup with built-in cash flow. Located in a high-visibility area, the property offers endless potential for future development or expansion. Bring your vision and unlock the full potential of this incredible property!

Status Change Information

Major Change Timestamp: 2025-06-12T13:58:37Z
Major Change Type: New Listing
Status Change Timestamp: 2025-06-12

More Information

Exemption Information

Exemption YN: Yes

Location, Tax, and Legal

Tax Annual Amount: 6368
Tax Year: 2024
Tax Legal Description: Turner-Meyn Park BL.3 Lots 12 to 18
Parcel Number: 450704403009000023
Township: North
Directions: Heading North from interstate property in on Right hand side.

Appliances

Built-In Gas Range: Yes
Dishwasher: Yes
Freezer: Yes
Microwave: Yes
Range Hood: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Water Heater: Yes
Other: Yes

Construction Materials

Brick: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Other: Yes

Heating

Forced Air: Yes

Interior Features

Wet Bar: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lock Box Information

Call Listing Office: Yes

Parking Features

Asphalt: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Roof

Asphalt: Yes

Security Features

Carbon Monoxide Detector(s): Yes
Security Lights: Yes
Security System: Yes
Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Owner Pays

Common Area Maintenance: Yes
Insurance: Yes
Taxes: Yes

Tenant Pays

All Utilities: Yes

Current Use

Commercial: Yes

Building Features

High Speed Internet: Yes
Multi Tenant: Yes
Private Restrooms: Yes
Public Restrooms: Yes

Business Type

Bar/Tavern/Lounge: Yes
Restaurant: Yes

Rail Availability

None: Yes

Special Licenses

None: Yes

Listing Office: McColly Real Estate

Last Updated: July - 15 - 2025

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Why Create a Portal account?