118 W Clark Street, Crown Point, IN 46307
$1,450,000
Property Type:
Commercial Sale
Square Footage:
6,210
Lot Size (sq. ft.):
2,012
Status:
Closed
Current Price:
$1,450,000
List Date:
5/07/2025
Last Modified:
5/26/2026
Overview
Description
Listing Details MLS# 820277
General Property Information
- Number Of Units Total
- 2
- Living Area
- 6210
- Building Area Source
- Assessor
- Accessibility Features YN
- No
- Year Built
- 1920
- Lot Size Acres
- 0.0462
- Lot Size Square Feet
- 2012.47
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- Yes
- Stories
- 2
Property Features
Appliances:
Built-In Gas Range; Dishwasher; Freezer; Gas Water Heater; Refrigerator; Water Heater
Basement:
Full; Interior Entry
Building Features:
Business District Location; Enclosed Stair(s); Exterior Lighting; Private Restrooms
Business Type:
Bar/Tavern/Lounge; Mixed; Restaurant
Construction Materials:
Brick
Cooling:
Central Air
Current Use:
Commercial; Residential; See Remarks
Electric:
100 Amp Service; 200+ Amp Service
Exterior Features:
None
Flooring:
Tile
Heating:
Forced Air; Natural Gas
Interior Features:
Ceiling Fan(s); Wet Bar
Laundry Features:
Gas Dryer Hookup; Upper Level; Washer Hookup
Listing Terms:
Cash; Conventional
Lot Features:
Paved; Private
Owner Pays:
Insurance; Taxes
Parking Features:
On Street
Possession:
Negotiable; Subject To Tenant Rights
Possible Use:
Commercial; Office; Retail; See Remarks
Rail Availability:
None
Roof:
Other
Security Features:
Smoke Detector(s)
Sewer:
Public Sewer
Special Licenses:
Beer/Wine; Liquor; Liquor-On Sale
Special Listing Conditions:
Standard
Tenant Pays:
All Utilities; Cable TV; Janitorial Service; Snow Removal; Telephone
Utilities:
Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 1680000
- Property Sub Type
- Mixed Use
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 118
- Street Direction Prefix
- W
- Street Name
- Clark
- Street Suffix
- Street
- County
- Lake
- State
- IN
- Postal Code
- 46307
- Subdivision Name
- City/Crown Point
Remarks and Miscellaneous
- Public Remarks
- This historic downtown Crown Point Property located on the square directly across from the courthouse/museum is awaiting new ownership. Building features main level restaurant/bar and 2000 sqft upstairs apartment, both currently rented with main floor tenant on a month to month lease, and upstairs on a long term lease. Sale of property includes premier 4-way liquor license and all trade fixtures for the restaurant/bar. Liquor license allows for beer, wine, and liquor sales, along with packaged sales, events, and a 3:00am close time, and is transferrable to another Crown Point location if desired. Trade fixtures include all bar seating, beer taps, walk-in coolers, freezers, pizza oven, fryers, and Ansul System.
Status Change Information
- Major Change Timestamp
- 2026-05-26T18:23:51Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-05-26
- Offer Acceptance Date
- 2026-05-08
- Close Date
- 2026-05-26
- Close Price
- 1450000
- Concessions
- No
- Buyer Financing
- Other
More Information
Building Features
- Building Dimensions
- 23x90
Exemption Information
- Exemption YN
- No
Income and Expenses
- Cap Rate
- 5
- Gross Income
- 93000
- Gross Scheduled Income
- 93000
- Insurance Expense
- 4000
- Net Operating Income
- 71246
- New Taxes Expense
- 17754
- Total Actual Rent
- 93000
Showing Requirements
- Showing Instructions
- 48 Hour Notice Req; Subject to Tenant Approval. Proof of funds or PA required prior to showing.
Listing Office:
Seramur Properties, LLC
Last Updated: May - 26 - 2026
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