2385 Willowcreek Road, Portage, IN 46368
Turn-key bar and restaurant with an indoor-outdoor patio opening concept, liquor license, and paved parking.
- Added:
- Jun 15, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 20 at 9:09 am
Property Features for 2385 Willowcreek Road
General Information
- Standard status
- Active
- Size
- 7,566 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1980
Listing agent Anthony Christopher License #RB22001074
Listing office McColly Bennett Commercial Advantage
Listing date Jun 15, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of McColly Bennett Commercial Advantage
HighLights
- 7,566 SF building built in 1980 with nearly 1,700 SF of rentable space
- Bar/restaurant includes roll‑up garage door windows that open to an outdoor patio
- Sale includes a thriving business, all fixtures, and a valuable 3‑way liquor license
- Large walk‑in cooler plus paved parking lot with 60 spaces
- Located on Willowcreek Road just off the Indiana Toll Road exit in a high‑traffic area
Overview
The property is located on Willowcreek Road just off the Indiana Toll Road exit, positioned for visibility in a high-traffic area. It is within walking distance to multiple hotels and surrounding businesses, placing it in a built-in customer corridor.
For buyers looking to acquire an operating hospitality concept rather than start from scratch, this offering combines a ready-to-run setup with the key elements that support day-to-day service: established interior and outdoor layout, complete fixture package, liquor license inclusion, on-site cold storage, and convenient paved parking for 60 vehicles. The configuration is well suited for a restaurant/bar operator seeking continuity and immediate operations.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.3k | $27.00 |
| − Vacancy | −$7.1k | −$0.95 |
| EGI | $197.1k | $26.06 |
| − OpEx | −$49.3k | −$6.51 |
| NOI | $147.8k | $19.54 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Sunset of Portage — 5844 US-6, Portage, IN 46368
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Porter
- State
- Indiana
- Longitude
- -87.182519
- Latitude
- 41.582703
