118 W Clark Street, Crown Point, IN 46307 (MLS# 820277)

118 W Clark Street, Crown Point, IN 46307

$1,680,000

Property Type: Commercial Sale Square Footage: 6,210 Lot Size (sq. ft.): 2,012 Status: Active

Current Price: $1,680,000 List Date: 5/07/2025 Last Modified: 4/16/2026

Overview

Description

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.

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
Parking Total: 0

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: 2025-05-07T18:40:45Z
Major Change Type: New Listing
Status Change Timestamp: 2025-05-07

More Information

Building Features

Building Dimensions: 23x90
Business District Location: Yes
Enclosed Stair(s): Yes
Exterior Lighting: Yes
Private Restrooms: Yes

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
Gardener Expense: 0
Maintenance Expense: 0
Manager Expense: 0
Operating Expense: 0
Other Expense: 0
Pest Control Expense: 0
Professional Management Expense: 0

Showing Requirements

Showing Instructions: 48 Hour Notice Req; Subject to Tenant Approval. Proof of funds or PA required prior to showing.

Location, Tax, and Legal

Tax Annual Amount: 17934
Tax Year: 2023
Tax Legal Description: ORIG. TOWN OF CROWN POINT 22 FT. 10 1/4 IN. X 91 FT. PT. W2 L.15
Parcel Number: 451608132008000042
Additional Parcels YN: No
Zoning Description: Commercial
Township: Center
Directions: From Main St, turn Right onto Clark St

Appliances

Built-In Gas Range: Yes
Dishwasher: Yes
Freezer: Yes
Gas Water Heater: Yes
Refrigerator: Yes
Water Heater: Yes

Basement

Full: Yes
Interior Entry: Yes

Construction Materials

Brick: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes
200+ Amp Service: Yes

Exterior Features

None: Yes

Flooring

Tile: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Ceiling Fan(s): Yes
Wet Bar: Yes

Laundry Features

Gas Dryer Hookup: Yes
Upper Level: Yes
Washer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Paved: Yes
Private: Yes

Parking Features

On Street: Yes

Possession

Negotiable: Yes
Subject To Tenant Rights: Yes

Roof

Other: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Owner Pays

Insurance: Yes
Taxes: Yes

Tenant Pays

All Utilities: Yes
Cable TV: Yes
Janitorial Service: Yes
Snow Removal: Yes
Telephone: Yes

Current Use

Commercial: Yes
Residential: Yes
See Remarks: Yes

Possible Use

Commercial: Yes
Office: Yes
Retail: Yes
See Remarks: Yes

Business Type

Bar/Tavern/Lounge: Yes
Mixed: Yes
Restaurant: Yes

Rail Availability

None: Yes

Special Licenses

Beer/Wine: Yes
Liquor: Yes
Liquor-On Sale: Yes

Listing Office: Seramur Properties, LLC

Last Updated: April - 16 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Why Create a Portal account?