Listed by Latitude Commercial
$699,000
2904 45th St
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,144
Units 1
Class C
Year Built 1947
Acreage 0.540
Retail | 4,144 SqFt
Marketing description
An established dining landmark, The Town Club Restaurant & Lounge is now available for purchase in Highland, Indiana. Situated on the highly traveled 45th Street corridor, this iconic restaurant has been a community staple since 1947. Known for its signature hand-cut steaks and one of the region’s most popular martinis, The Town Club offers a rich legacy and loyal customer base.
The property has benefited from significant capital improvements over the past seven years, including a new roof, HVAC system, boiler, kitchen equipment, and water heater. The sale includes both the real estate and the business, providing a turnkey opportunity for new ownership.
Adding to its value, the property features a spacious 2-bed, 2-bath apartment above the restaurant. Currently vacant, it offers an excellent opportunity for additional rental income or on-site owner occupancy
Located directly on 45th Street in Highland, Indiana.
Highland is a town in Lake County, Indiana. The population was 23,727 at the 2010 census. The town was incorporated on April 4, 1910. It is a part of the Chicago metropolitan area and North Township, and is surrounded by Hammond to the north, Munster to the west, Schererville to the south and Griffith to the east.
Investment highlights
- Restaurant and Real Estate for sale in Highland, IN
- Popular landmark restaurant- serving Highland Since 1947 with strong following
- Located on heavily traveled 45th Street
- Top 75 percentile for total restaurant visits in Indiana per Placer AI
- 3-way Liquor license included in sale
- Additional revenue potential by leasing the upstairs apartment
Listing Contacts
Listed by Latitude Commercial
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