118 W Clark St - Office/Residential FOR SALE


Crown Point, IN 46307
$1,680,000 USD
219-241-4039
118 W Clark St, Crown Point, IN for Sale
$1,680,000 USD
Office/Residential - FOR SALE
1/67
null | 5.33% Cap Rate

118 W Clark St
Crown Point, IN 46307


HIGHLIGHTS

  • Historic Downtown location right across from Courthouse/Museum
  • Heavy Foot Traffic
  • Exposed Brick Walls
  • 4-way Liquor License included
  • All Main Level Trade Fixtures included

OVERVIEW

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. Sale includes the 4-way liquor license. Current main floor tenant may elect to sign a long term lease. Please allow 48 hour notice for all showing requests. Contact Listing Agent to arrange for showing. Subject to Tenant Approval. Proof of funds or preapproval required prior to showing.

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

5.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Bar, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

-

APN/PARCEL ID

45-16-08-132-008.000-042

ASK ABOUT THIS PROPERTY

Dennis SeramurSeramur PropertiesMore Info
219-241-4039

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Dennis SeramurSeramur PropertiesMore Info
219-241-4039

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.