1019 E Summit Street, Crown Point, IN 46307
COMMERCIAL - Crown Point, IN
- Added:
- Mar 3, 2025
- Days on Market:
- 485
- Last Refresh:
- Jul 1 at 4:06 pm
Property Features for 1019 E Summit Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 30
- Parking features
- Off Street, Open, Oversize
- Security features
- Security Lighting
- Interior features
- Ceiling Fan(s), High Ceilings, Eat-in Kitchen, Entrance Foyer
- Exterior features
- Lighting, Storage, Private Yard
- Standard status
- Active
- 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 agent Jimmy Karalis License #IN RB14035192 (219) 712-1567
Listing office JK Pro Realty, LLC 8385 Wicker Ave. Suite A, Saint John, IN (219) 558-0412
Listing date Mar 3, 2025
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.
HighLights
- Industrial warehouse for sale: 39,723 sq ft main building plus 6,242 sq ft rear building (built in 1989) on 2.5 acres
- Zoned I‑1 (industrial) and offers suitability for a variety of uses
- Heated warehouse with overhead doors/drive‑in bays and high ceilings: 16 ft on the sides and 25 ft in the middle
- Crane capacity includes traveling bridge cranes and jib cranes from 1/2 ton up to 10 tons (details in attached documents)
- Fully finished offices with forced air heat and air conditioning, plus employee kitchen area, locker rooms, break rooms, and bathrooms
- Electrical service: 800A, 240/480V, 3 phase; public water and public sewer
Overview
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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- StorSafe of Crown Point West — 800 E North St, Crown Point, IN 46307
- Planet Self Storage — 620 N Indiana Ave, Crown Point, IN 46307
- Allsafe Storage — 930 Hub Ct, 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
Location Insight
- Map
- Local Demand
- City
- Crown Point
- County
- Lake
- State
- Indiana
- Longitude
- -87.351362
- Latitude
- 41.426388
