Bar and Pub with
For Sale
$2,100,000
2385 Willowcreek Road, Portage, IN 46368
Commercial Sale, Portage, IN
Property Size7,566 SF
Lot Size1.38 Acres
Price / SF$277.56
Days on Market139
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
Directions
From I-94: Take Exit 19 (Willowcreek Road). Proceed south on Willowcreek Road approximately 1.5 miles. Property is located on the east side of Willowcreek Road at 2385 Willowcreek Road, Portage, Indiana.
Standard status
Active
APN
640512351002000016
Size
7,566 SF
Lot size
1.38 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
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
Legal Description
S182 OF N222 W330 N1 2 SW SW 12-36-7 1.38A
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Water source
Public
Building Details
Year built
1980
Buildings
1
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Anthony Christopher
(708) 715-6193
Added: Jun 12
Changed: Oct 24
Last Checked: Oct 28 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
The offering includes a bar and restaurant business, its fixtures, and a 3-way liquor license. The 7,566-square-foot building contains nearly 1,700 square feet of rentable space, along with a wet bar, open floorplan, central and forced-air heating, and a large walk-in cooler. Roll-up garage door windows connect the interior to an outdoor patio. Built in 1980, the property has public water and public sewer service.
Located on Willowcreek Road near an Indiana Toll Road exit, the property is within walking distance of multiple hotels and surrounding businesses. A paved parking lot provides 60 spaces, supporting the existing bar and restaurant operation.
Located on Willowcreek Road near an Indiana Toll Road exit, the property is within walking distance of multiple hotels and surrounding businesses. A paved parking lot provides 60 spaces, supporting the existing bar and restaurant operation.
Key Highlights
- 7,566 SF building on 1.38 acres
- Nearly 1,700 SF of rentable space
- Bar and restaurant business, fixtures, and 3‑way liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,849
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,956,980
$3.0M
Cap Rate 7%
$2,112,129
$2.1M
Cap Rate 9%
$1,642,767
$1.6M
Market Conditions
NOI Build-Up for 7,566 SF
Gross rent
$204.3K $27.00/SF
− Vacancy
−$7.1K −$0.95/SF
EGI
$197.1K $26.06/SF
− OpEx
−$49.3K −$6.51/SF
NOI
$147.8K $19.54/SF
Area
Porter County, IN
Vacancy
3.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,956,980
Cap Rate 7%
$2,112,129
Cap Rate 9%
$1,642,767
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
107k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Groceries 35%
Shops & Services 18%
Hotels & Casinos 2%
Strack & Van Til
Groceries
37,168 visits/mo
0.3 miles
McDonald's
Dining
19,411 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,207 visits/mo
0.4 miles
Pet Supplies Plus
Shops & Services
8,744 visits/mo
0.4 miles
Burger King
Dining
7,644 visits/mo
0.4 miles
Demographics for 46368, IN
39,837
Population
16,870
Households
2.4
Avg Household Size
39
Median Age
18%
College-Educated
90%
High-School Grad
25.3 sq mi
ZIP Area
1,575
Density / Sq Mi
$72,638
Median Household Income
$42,508
Median Earnings
$1,140
Median Rent
$213,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Moods Pub & Sports Bar — 2548 Portage Mall, Portage, IN 46368
- Stone Quarry Lounge — 2596 Portage Mall, Portage, IN 46368
- Decibels at Roxx — 2522 Portage Mall, Portage, IN 46368
- On the Roxx — 2522 Portage Mall, Portage, IN 46368
- Mark O's Bar & Grill Portage — 2385 Willowcreek Rd, Portage, IN 46368
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating business sale includes fixtures, a 3-way liquor license, walk-in cooler, and indoor-outdoor bar 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 on 1.38 acres; Nearly 1,700 SF of rentable space; Bar and restaurant business, fixtures, and 3‑way liquor license included
