Turn-Key Bar and
For Sale
Contact for pricing
2385 Willowcreek Road, Portage, IN 46368
Turn-key bar and restaurant with an indoor-outdoor patio opening concept, liquor license, and paved parking.
Property Size7,566 SF
Price / SF$277.56
Days on Market52
Property Features for 2385 Willowcreek Road
General Information
Standard status
Active
Size
7,566 SF
Total Parking Spaces
60
Property subtype
Business for Sale, Retail
Additional Details
Business Included
Yes
Highway Access
Yes
Drive-In Doors
1
Liquor License
Yes
Building Details
Year Built
1980
Listing Agency:
McColly Bennett Commercial Advantage
Listed By:
Anthony Christopher · License #RB22001074
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 4 at 12:07PM
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
Investment Insights
Based on property information with market context.
This turn-key bar and restaurant building offers nearly all-in-use operating space designed around a seamless indoor-outdoor experience. A roll-up garage door with windows opens the bar/restaurant to an outdoor patio, supporting flexible service and guest flow. The sale includes the operating business, all fixtures, and a valuable 3-way liquor license. On the back-of-house side, there is a large walk-in cooler to support food and beverage storage. The property is described as being beyond well maintained and ready for its next owner.
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.
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.
Key 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
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
Current Use
Lease Details
1
Drive-in doors
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
566k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 24%
Shops & Services 15%
Groceries 15%
Walmart
Superstores
117,012 visits/mo
0.1 miles
Meijer
Groceries
82,897 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
46,372 visits/mo
0.5 miles
Dollar Tree
Shops & Services
30,386 visits/mo
0.5 miles
Texas Roadhouse
Dining
23,230 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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 with an indoor-outdoor patio opening concept, liquor license, and paved parking.
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 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
