Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1019 E Summit St Crown Point, IN 46307

    Sponsored
    For Sale
    $3,900,000

    COMMERCIAL - Crown Point, IN

    Property size:
    45,966 SF
    Lot size:
    2.50 Acres
    Days on Market:
    170
    Last Refresh:
    Feb 12 at 3:06 am

    Property Features for 1019 E Summit St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security Lighting
    APN
    451604301012000041
    Parking
    30
    Parking features
    Oversize, Off Street, Open
    Interior features
    Ceiling Fan(s), High Ceilings, Eat-in Kitchen, Entrance Foyer
    Exterior features
    Lighting, Private Yard, Storage
    Size
    45,966 SF
    Lot size
    2.50 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1970
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jimmy Karalis
    Jimmy Karalis

    JK Pro Realty, LLC (219) 558-0412

    Listing agent Jimmy Karalis (219) 712-1567

    Listing date Aug 27, 2025

    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.

    Learn more

    Property Insight Report

    Overview

    Crown Point Industrial Warehouse Space

    This industrial warehouse space, totaling just under 46,000 square feet, is available for sale on 2.5 acres in a central Crown Point location near I-65. The property is zoned I-1 (industrial), making it suitable for a variety of uses. The main building encompasses 39,723 square feet and features multiple cranes, including traveling bridge cranes and jib cranes, with capacities ranging from 1/2 ton to 10 tons. The heated warehouse includes multiple overhead doors and drive-in bays. The electrical system is 800A, 240/480v, 3 phase. Ceiling heights reach 16 feet on the sides and 25 feet in the middle. The property also includes fully finished offices with forced air heat and air conditioning, an employee kitchen area, locker rooms, break rooms, and bathrooms. A rear building, constructed in 1989, provides an additional 6,242 square feet of space with a clear ceiling height of 16 feet. Parcel # 45-16-04-301-006.000-042 is included in the sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A & B Manufacturing Inc Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    StorSafe of Crown Point West, Planet Self Storage, Allsafe Storage, Records Storage Center Inc, Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Crown Point
    County
    Lake
    State
    Indiana
    Longitude
    -87.351362
    Latitude
    41.426388

    Nearby Similar for Sale

    • $260,000
      Pending

      Crown Point Duplex Investment Opportunity

      Crown Point duplex near the Square with income potential.
      100-102 N Ridge St, Crown Point, IN 46307
      View Details
    • $810,000
      7,387 SF

      Mixed-Use Building on Crown Point Square

      Mixed-use property in high-traffic area with income potential.
      100 N Main St, Crown Point, IN 46307
      View Details
    • New
      $795,000
      3,612 SF

      Crown Point Multi-Family Property

      Multi-family property in Crown Point, Indiana, with 3,612 square feet.
      140 N West St, Crown Point, IN 46307
      View Details
    • $900,000
      4,800 SF

      Crown Point Warehouse For Sale

      Versatile warehouse property in high-visibility Crown Point location.
      1305 E Summit St, Crown Point, IN 46307
      View Details
    • $1,755,000
      4,505 SF

      Turn-Key Restaurant Investment Opportunity

      Stabilized restaurant property in Crown Point with long-term tenant.
      10685 Randolph St, Crown Point, IN 46307
      View Details
    • $135,200
      1.00 Acre

      Crown Point Acreage with Barn

      One-acre lot with horse/livestock barn in prime Crown Point location.
      12813 Grant St, Crown Point, IN 46307
      View Details
    • Contact for pricing
      1,695 SF

      Updated Townhouse in Crown Point

      Recently updated 3-bedroom, 3-bath townhouse with modern amenities and convenient location.
      7556 E 111Th Ln, Crown Point, IN 46307
      View Details
    • Contact for pricing
      1,180 SF

      Charming Ranch Townhome in Stonegate

      Exquisite one-owner townhome with zero-step entry and spacious layout.
      7501 E 111Th Ln, Crown Point, IN 46307
      View Details
    • Contact for pricing

      Crown Point Industrial Warehouse Space

      46,000 SF industrial warehouse on 2.5 acres near I-65.
      1019 E Summit St, Crown Point, IN 46307
      View Details
    • Contact for pricing

      Mixed-Use Property Near Crown Point

      Versatile investment property with residential and commercial income potential.
      300 S Court St, Crown Point, IN 46307
      View Details
    • Contact for pricing
      1,383 SF

      Spacious Townhome with Modern Features

      Move-in ready townhome with modern kitchen, private patio, and garage.
      13133 Carolina St, Crown Point, IN 46307
      View Details
    • Contact for pricing
      11,800 SF

      Retail Space in Growing Community

      New retail space for sale in Winfield, Indiana.
      11500-11555 Randolph St, Crown Point, IN 46307
      View Details

    FAQs

    What type of property is this?
    Warehouse - 46,000 SF industrial warehouse on 2.5 acres near I-65.
    Where is this warehouse located?
    The property is located at 1019 E Summit St 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: - Large industrial warehouse space: Just under 46,000 sq ft on 2.5 acres.; - Prime Crown Point location near I-65.; - Multiple cranes ranging from 1/2 ton to 10 tons.
    (219) 712-1567
    Request Owner's contact information
    1019 E Summit St Crown Point, IN 46307
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1019 E Summit St
    Crown Point, IN 46307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1019 E Summit St Crown Point, IN 46307
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jimmy Karalis
    Jimmy Karalis
    Real Estate License ID: IN RB14035192
    (219) 712-1567
    Learn more
    Google sign-in failed. Please try again or use another login method.