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5900 Miller Ave
Gary, IN 46403 Miller

$850,000 USD

Restaurant For Sale • 3,560 SF

Property Details

Property Type Restaurant
Total Building Size 3,560 SF
Lot Size 0.42 AC
Building Class C
Year Built 1936
Cap Rate 6.00 %
Tenancy Single
Zoning Commercial/Retail&Vacant

60 Transit Score

30 Walk Score

                
                    Highlights
                
                                Potential for Growth (TIF and Opportunity Zone at the heart of major infrastructure development)
                            
                                Tourist Destination
                            
                                Close to beach, public transportation and expressways

Property Flyers

5900-5960 Miller Ave GIS

5900-5960 Survey

Financial Summary (Actual)

Net Operating Income: $51,000 USD (2025)

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Del's Crepes and Pancakes	3,500 SF

Amenities

Corner Lot
Pylon Sign
Restaurant
Monument Signage
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Miller (Gary) Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	0 min	4 min	0.2 mi
Gary Metro Center Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	11 min	-	6.7 mi
Airport	Drive	Walk	Distance
Chicago Midway International	51 min	-	33.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes

Sam Geraci 773-983-1904 Incoast Homes Llc

5900 Miller Ave Gary, IN 46403 Miller