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$205,000

Est. payment - /mo

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1,270 SqFt

Active Under Contract

4489 Broadway Gary, IN 46409

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Realty Executives Premier

mike@rexpremier.com +1(219) 405-3647

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,270 sqft

Price per Sqft $161

MLS Listing ID 829849

Year Built 1930

Annual Tax Amount $1,154

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Business

Property Description

Bugsy's Tavern has been in operation since 2007 and is now available for purchase as a fully operational, turn-key business on a 0.13-acre lot. This 1,270-square-foot establishment, with a rich history. This tavern was formerly operated as Red's Keg and was originally built in 1930. Bugsy's now operates with a nostalgic Harley Davidson-themed decor. It spans the length of the building, offering seating for approximately 50 patrons, including 15 stools at the counter, additional seating for 20 spread throughout the facility, and 15 more on the outside patio. The outside patio has two tables and bench seating as well. Entertainment income is obtained by the Music selections, dart board, and pull tab gambling. Multiple flat-screen TVs to keep guests engaged. This is a Smoking establishment, presently serving only limited bar food, but has a small kitchen for owners who would like to expand the menu options. For comfort and convenience, the property features heating and air conditioning for year-round climate control, along with two restrooms. Outdoors, a small patio provides extra space for guests to unwind, while 20 onsite parking spaces and additional street parking ensure ample availability. This tavern has a long term, hands on owner who has kept hours of operation of Noon to 8pm (sometimes later). Additional income can be generated by expanding the hours of operation. The bar can stay open until 3am. This turn-key property is ready for immediate operationa"don't miss this great income opportunity!

Location

State IN

County Lake

Zoning Commercial

Interior

Interior Features Wet Bar

Heating Central, Natural Gas, Forced Air

Fireplace N

Appliance Dishwasher, Water Heater, Range Hood, Refrigerator, Range, Other, Microwave, Gas Water Heater, Freezer

Exterior

Exterior Feature None

View Y/N true

View true

Building

Lot Description Corner Lot, Paved

Others

Tax ID 001254101700026

Acceptable Financing NRA20251024212415076330000000

Listing Terms NRA20251024212415076330000000

Listed by Realty Executives Premier • William Kornblum

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 13

7

Edgar L Miller Elementary School

Public | KG - 4
7

Hosford Park Elementary School

Public | PK - 5
5

Merrillville Intermediate School

Public | 5 - 6
5

Gary Lighthouse Charter School

Public | KG - 12
5

Henry S Evans Elementary School

Public | KG - 5
5

Ridge View Elementary School

Public | 1 - 5
3

Henry P Fieler Elementary School

Public | PK - 4
1

Glen Park Academy

Public | KG - 5
1

Dr Bernard C Watson Academy for Boys

Public | KG - 6
0

Daniel Webster Elementary School

Public | KG - 6
0

Ambassador Christian Academy

Private | PK - 10
0

Gary Career Center

Public | PK - 12
0

Montessori Academy in the Oaks

Private | PK - 3

Middle Schools 3

1

Bailly STEM Academy

Public | 6 - 8
0

Theodore Roosevelt Car & Tech Academy

Public | 7 - 12
0

Lew Wallace (Science-Tech-Eng-Math)

Public | 7 - 12

High Schools 4

2

Merrillville High School

Public | 9 - 12
0

Andrean High School

Private | 9 - 12
0

New Tech Innovative Institute

Public | 9 - 11
0

Martin Luther King School Alternative

Public | 9 - 12

School and business data provided by Attom Data.

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Realty Executives Premier

Broker | License ID: RB14033486

+1(219) 405-3647