Turn-Key Bar Restaurant
2385 Willowcreek Road Portage, IN 46368
For Sale
$2,100,000
COMMERCIAL - Portage, IN
Property Size7,566 SF
Lot Size1.38 Acres
Price / SF$277.56
Days on Market47
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 Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Anthony Christopher · License #RB22001074
(708) 715-6193
Added: Jun 12
Changed: Jul 13
Last Checked: Jul 28 at 8:06PM
MLS# 840616
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.
Investment Insights
Based on property information with market context.
This turn-key bar and restaurant opportunity features a 7,566 SF building with nearly 1,700 SF of rentable space. The offering includes the existing business, fixtures, and a 3-way liquor license. Interior features include a large walk-in cooler, and the bar/restaurant layout connects with an outdoor patio through roll-up garage door windows that open to the exterior.
The property is located on Willowcreek Road, just off the Indiana Toll Road exit, in a high-traffic area with nearby hotels and surrounding businesses within walking distance. A paved parking lot with 60 spaces supports customer access.
The building is described as being well maintained and positioned for the next owner.
The property is located on Willowcreek Road, just off the Indiana Toll Road exit, in a high-traffic area with nearby hotels and surrounding businesses within walking distance. A paved parking lot with 60 spaces supports customer access.
The building is described as being well maintained and positioned for the next owner.
Key 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
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 |
7,566 SF · lease $27.00/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,849 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.87M
$2.51M – $3.35M
NOI $200,730 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Decibels at Roxx — 2522 Portage Mall, Portage, IN 46368
- Mark O's Bar & Grill Portage — 2385 Willowcreek Rd, Portage, IN 46368
- Moods Pub & Sports Bar — 2548 Portage Mall, Portage, IN 46368
- On the Roxx — 2522 Portage Mall, Portage, IN 46368
- Stone Quarry Lounge — 2596 Portage Mall, Portage, IN 46368
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turn-key bar and restaurant building includes sizable rentable space, paved parking, and outdoor patio access.
Where is this bar & pub located?
The property is located at 2385 Willowcreek Road Portage, IN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 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
