1326 119th St
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1326 119th St
23,390 SF Retail Building Whiting, IN 46394 $1,499,999 ($64/SF)
Investment Highlights
- One of the only sit down restaurants in Whiting
- Possible mixed use opportunity!
- Open canvas second floor for an additional bar/resturant
Executive Summary
Discover a prime investment opportunity in the heart of Whiting! This well-established sit-down restaurant boasts a spacious layout designed for both dining and private events. Featuring a dedicated party room perfect for gatherings, celebrations, and corporate events, this venue offers versatile options for any occasion. The restaurant's expansive bar area is ideal for socializing and enjoying a variety of drinks, making it a popular destination for locals and visitors alike. With a convenient carryout window, you can effortlessly serve takeout orders, further increasing your customer base. Step into the impressive kitchen, outfitted with top-of-the-line appliances and ample space for your culinary creations. Multiple storage coolers ensure you have all the room needed to keep your ingredients fresh and ready for service. Upstairs, the open canvas room presents an exciting opportunity for conversion into several different opportunities. One idea of this room is to turn it into a speak easy, adding a unique allure to your business. Additionally, the upper level includes three offices, a conference room, and a full bathroom, providing a perfect setup for management and staff. This property is not just a restaurant; it's a comprehensive business opportunity ready for you to take to the next level. Don't miss out on the chance to own a piece of Whiting's vibrant dining scene! Contact us today to schedule a showing.
Taxes & Operating Expenses (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$14,877
|
$0.64
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$14,877
|
$0.64
|
Taxes & Operating Expenses (Actual - 2022)
| Taxes | |
|---|---|
| Annual | $14,877 |
| Annual Per SF | $0.64 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $14,877 |
| Annual Per SF | $0.64 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
23,390 SF
Building Class
C
Year Built
1923
Price
$1,499,999
Price Per SF
$64
Tenancy
Single
Building Height
2 Stories
Building FAR
2.00
Land Acres
0.27 AC
Zoning
C
Frontage
86 FT on 119th St
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 45-03-07-257-002.000-025 | Total Assessment | $507,300 (2023) |
| Land Assessment | $80,400 (2023) | Annual Taxes | $14,877 ($0.64/SF) |
| Improvements Assessment | $426,900 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
45-03-07-257-002.000-025
Land Assessment
$80,400 (2023)
Improvements Assessment
$426,900 (2023)
Total Assessment
$507,300 (2023)
Annual Taxes
$14,877 ($0.64/SF)
Tax Year
2022
-
Jake Wirtz -
Wirtz Real Estate Group, Inc.
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