2385 Willowcreek Road, Portage, IN 46368
- Added:
- Jun 12, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 12 at 8:06 pm
Property Features for 2385 Willowcreek Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 60
- Interior features
- Ceiling Fan(s), Wet Bar, Open Floorplan
- Standard status
- Active
- APN
- 640512351002000016
- Size
- 7,566 SF
- Lot size
- 1.38 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- S182 OF N222 W330 N1 2 SW SW 12-36-7 1.38A
- Tax Annual Amount
- 8043
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Forced Air
- Water source
- Public
Building Details
- Year built
- 1980
Listing agent Anthony Christopher License #RB22001074 (708) 715-6193
Listing office McColly Real Estate 850 Deer Creek Dr, Schererville, IN (219) 322-5508
Listing date Jun 12, 2026
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 7,566 SF building with nearly 1,700 SF of rentable space
- Sale includes a thriving business, all fixtures, and a valuable 3‑way liquor license
- Roll‑up garage door windows open the bar/restaurant to an outdoor patio for indoor‑outdoor flow
- Large walk‑in cooler and wet bar; open floorplan with ceiling fan(s)
- Paved parking lot with 60 spaces
- Public water and public sewer; central forced air heating; built in 1980
Overview
Located on Willowcreek Road just off the Indiana Toll Road exit, the property benefits from visibility in a high-traffic area. The setting includes nearby surrounding businesses, and the location is within walking distance to multiple hotels.
For buyers or operators seeking an established food and beverage concept, this offering provides a maintained facility with key service components already in place, including the on-site cooler and equipment included with the sale. The combination of turn-key operations, patio accessibility, and ample parking supports a straightforward transition for a qualified buyer who can utilize the included liquor license.
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
- -87.182523
- Latitude
- 41.582709
