Turn-Key Restaurant Investment or Owner-User Opportunity – Winfield
10685 Randolph St. | 4,505 SF | Doubletree Plaza | Winfield, IN
4,505 SF restaurant property located in Doubletree Plaza, offering flexibility for both investors and future owner-users. The property is currently leased to an established operator, providing in-place income with the ability to transition to an owner-user opportunity in the near future.
The space is currently utilized as a restaurant and includes a 3-way liquor license in the sale, with a newer outdoor patio, along with a newer roof, windows, and doors—helping minimize near-term capital needs. Additional on-site storage offers operational flexibility.
Price: $1,755,000
NOI: $105,347
Cap Rate: 6.0%
Lease Type: Double Net (tenant responsible for insurance, maintenance, and utilities)
Market Highlights:
The Crown Point/Winfield area has seen rapid growth driven by strong residential development, a pro-business environment, and proximity to Chicago. Thousands of new homes have been built within a 3-mile radius, and both towns continue to attract new commercial users. Winfield ranks among Indiana’s fastest-growing communities, while Crown Point has experienced over 15% population growth in the past decade. Demand for quality retail and restaurant space remains strong, with established local concepts continuing to perform—supporting long-term stability and investor interest.
Note: Real estate for sale only, business not included.
Contact broker for a showing.