Add Listing
    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

    6440 W 89Th Ave Crown Point, IN 46307

    View on Map
    Sponsored
    Picture of Land at W 89Th Ave 6440, Crown Point, IN
    For Sale
    $360,000

    LAND - Crown Point, IN

    Lot size:
    14.90 Acres
    Days on Market:
    11
    Last Refresh:
    Mar 23 at 7:06 pm

    Property Features for 6440 W 89Th Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    451126276002000032
    Lot size
    14.90 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank, Public Sewer
    Water source
    Public, Well

    We can help!

    Listing Contact
    Joseph Moke
    Joseph Moke

    Moke Realty, Inc.

    Listing agent Joseph Moke

    Listing date Mar 13, 2026

    MLS# 800801 Listing URL

    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 Vacant Land

    This property features almost 15 acres of vacant land located in Crown Point, Indiana. The land may also be split into two lots: one approximately 3 acres and another approximately 11.9 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Gym & Fitness Center Auto Repair Shop Accounting Firm Big Box & Wholesale Store Daycare Center HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Crown Point
    County
    Lake
    State
    Indiana
    Longitude
    -87.413516
    Latitude
    41.459384

    Nearby Similar for Sale

    • $759,000
      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
    • $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
    • $3,900,000
      45,966 SF

      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
    • $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
    • $699,000

      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
    • $3,900,000

      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
    • $800,000
      1,880 SF

      Turnkey Restaurant Near Crown Point Square

      Turnkey restaurant for sale, walking distance to Crown Point Square.
      801 N Main St, Crown Point, IN 46307
      View Details
    • Contact for pricing
      1,500 SF

      Randolph Street Retail Space

      New Crown Point Storefront Opportunity
      11500 Randolph 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?
    Land - Almost 15 acres of land available in Crown Point.
    Where is this land located?
    The property is located at 6440 W 89Th Ave Crown Point, IN.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: - Almost 15 acres of vacant land, offering ample space for development.; - Potential to split into two lots: a 3-acre parcel and an 11.9-acre parcel.; - Public water source available, ensuring convenient access.
    (219) 808-2400
    Request Owner's contact information
    6440 W 89Th Ave 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.
    6440 W 89Th Ave
    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
    6440 W 89Th Ave 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
    Joseph Moke
    Joseph Moke
    Real Estate License ID: RB14023373
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!