118 W Clark St

Investment Highlights

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

Executive Summary

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.

• Sale Type    Investment or Owner User
• Property Type    Office
• Property Subtype    Office/Residential Office/Residential General Retail Bar OfficeLoft Creative Space Office Office Live Work Unit Office/Residential
• Building Size    6,000
• Building Class    B
• Year Built    1920
• Price    1,790,000
• Price Per SF    298
• Cap Rate    5
• NOI    89,500
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Typical Floor Size    2,000
• Building FAR    2.75
• Land Acres    0.05 AC

• Restaurant
• Signage
• Kitchen
• Storage Space
• Basement
• Central Heating
• Hardwood Floors