Industrial Warehouse with Office
1019 E Summit Street Crown Point, IN 46307
1019 E Summit Street, Crown Point, IN, 46307
$3,900,000
Pending
For Sale
$3,900,000
Pending
COMMERCIAL - Crown Point, IN
Property Size45,966 SF
Lot Size2.50 Acres
Days on Market506
Property Features for 1019 E Summit Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 30
- Parking features
- Oversize, Off Street, Open
- Security features
- Security Lighting
- Interior features
- Ceiling Fan(s), High Ceilings, Eat-in Kitchen, Entrance Foyer
- Exterior features
- Lighting, Storage, Private Yard
- Standard status
- Pending
- APN
- 451604301012000041
- Size
- 45,966 SF
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PT OF N1/2 R.R. R/W LY'G IN NW1/4 SW1/4 S.4 T.34 R.8 0.137AC
- Tax Annual Amount
- 38804
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1970
- Additional Structures
- Storage
Listing agency
JK Pro Realty, LLC
(219) 558-0412
Listed by
Jimmy Karalis · License #IN RB14035192
(219) 712-1567
Added: Mar 3, 2025 Updated: Jul 14 at 2:38PM Checked: Jul 22 at 12:06AM
MLS# 816865
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial warehouse property for sale includes a main building of 39,723 square feet and a rear building totaling 6,242 square feet. The main warehouse offers heated space with multiple overhead doors/drive-in bays and high clear ceiling heights of 16 feet along the sides and 25 feet in the middle. Crane equipment is included, with traveling bridge cranes and jib cranes ranging from 1/2 ton up to 10 tons. Fully finished offices are provided with forced air heat and air conditioning, along with an employee kitchen area, locker rooms, break rooms, and bathrooms.
The rear building was built in 1989 and offers a clear ceiling height of 16 feet. The site totals 2.5 acres and is zoned I-1 (industrial). Parcel # 45-16-04-301-006.000-042 is also included in the sale. Electric service is listed as 800A, 240/480v, 3 phase, and the listing notes attached documents with additional crane details and a list of personal property being offered for sale.
The rear building was built in 1989 and offers a clear ceiling height of 16 feet. The site totals 2.5 acres and is zoned I-1 (industrial). Parcel # 45-16-04-301-006.000-042 is also included in the sale. Electric service is listed as 800A, 240/480v, 3 phase, and the listing notes attached documents with additional crane details and a list of personal property being offered for sale.
Key Highlights
- Industrial warehouse complex totaling 39,723 sq ft main building plus 6,242 sq ft rear building on 2.5 acres near I‑65
- Zoned I‑1 (industrial) and listed as suitable for a variety of uses
- Warehouse features include traveling bridge cranes and jib cranes ranging from 1/2 ton to 10 tons
Local Financial Insights For Warehouse
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 | $402.7k | $8.76 |
| − Vacancy | −$21.7k | −$0.47 |
| EGI | $381.0k | $8.29 |
| − OpEx | −$57.1k | −$1.24 |
| NOI | $323.8k | $7.04 |
45,966 SF · lease $8.76/SF/yr · vacancy 5.39% · expense 15.00%
Alternative Uses
Best Use
Office B
$8.33M
$7.29M – $9.72M
NOI $583,060 @ 7.0% cap · market cap 14.95%
Second Best
Warehouse
$4.63M
$4.05M – $5.40M
NOI $323,815 @ 7.0% cap · market cap 8.30%
Theoretical Best
Specialty Retail
$12.83M
$11.23M – $14.97M
NOI $898,233 @ 7.0% cap · market cap 23.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
A & B Manufacturing Inc
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- StorSafe of Crown Point West — 800 E North St, Crown Point, IN 46307
- Broadway Mini Storage 24 Hour — 11100 Broadway, Crown Point, IN 46307
- AB Enterprises, Inc — 1670 E North St, Crown Point, IN 46307
- Records Storage Center Inc — 222 Sheridan St, Crown Point, IN 46307, United States
- Self Storage — 101 S Main St, Crown Point, IN 46307, United States
FAQs
What type of property is this?
Warehouse - Industrial warehouse facility on 2.5 acres with heated space, overhead doors, and fully finished offices with HVAC.
Where is this warehouse located?
The property is located at 1019 E Summit Street Crown Point, IN.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Industrial warehouse complex totaling 39,723 sq ft main building plus 6,242 sq ft rear building on 2.5 acres near I‑65; Zoned I‑1 (industrial) and listed as suitable for a variety of uses; Warehouse features include traveling bridge cranes and jib cranes ranging from 1/2 ton to 10 tons
