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$205,000
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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!
Full Property Details
Full Property Details for 4489 Broadway
General
- Price: $205,000
- Taxes: $1,154 (2024)
- Status: Active
- Type: Business
- Source: GNIAR
- MLS ID: 829849
- Updated: 1/30/2026
- Added to Site: 161 day(s) ago
Interior
- Interior Features: Wet Bar
- Appliances: Dishwasher, Water Heater, Range Hood, Refrigerator, Range, Other, Microwave, Gas Water Heater, Freezer
Exterior
- Exterior Features: None
Parking
- Parking Features: Attached, Alley Access, Asphalt, Other, Off Street
Location
- County: Lake
- Township: Calumet
- Driving Directions: Corner of Broadway and 45th
Heating & Cooling
- Heating Type: Central, Natural Gas, Forced Air
Structural Information
- Square Feet: 1,270
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,662.8
- Lot Features: Corner Lot, Paved
- Zoning: Commercial
Financial Considerations
- Tax Amount: $1,154
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: BROADWAY HEIGHTS ADDITION EX. W. 17 FT. L.25 BL.3 EX. W. 17 FT. L.26 BL.3
- Property ID: 1254101700026
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Schools
Schools serving 4489 Broadway
School District:Gary Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Glen Park Academy For Excel In Lrn 5002 Madison Street, Gary, IN 46408 | K-5 | 0.7 mi |
Mary M Bethune Early Child Development Center 2367 East 21st Avenue, Gary, IN 46407 | PK- | 3.3 mi |
Bailly Preparatory Academy 4621 Georgia Street, Gary, IN 46409 | 6-8 | 0.6 mi |
West Side Leadership Academy 9th & Gerry St, Gary, IN 46406 | 9-12 | 5.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4489 Broadway
Date
Details
Price
Change
Source
10/24/2025
Listed
$205,000
152.31%
MLS
5/19/2008
Sold
$81,250
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4489 Broadway
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,007
-32%
$32,900
-1%
2023
$2,945
138%
$33,400
-4%
2022
$1,236
-57%
$34,700
5%
2020
$2,899
83%
$32,900
—
2019
$1,587
-17%
$32,900
-22%
2018
$1,914
-1%
$42,100
—
2017
$1,931
—
$42,100
-3%
2017
$1,931
-1%
$43,200
23%
2016
$1,953
79%
$35,100
2%
2015
$1,091
-42%
$34,300
7%
2013
$1,895
-13%
$32,100
-11%
2012
$2,186
—
$36,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4489 Broadway
4489 Broadway, Gary, IN 46409 (MLS# 829849) is a Business property. 4489 Broadway is currently listed for $205,000 and was received on October 24, 2025. Want to learn more about 4489 Broadway? Do you have questions about finding other Business real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

