1031 E Summit St, Crown Point, IN 46307
All-steel industrial building with 20' ceilings, overhead cranes, and separate office space for flexible industrial operations.
- Added:
- Apr 22, 2026
- Days on Market:
- 67
- Last Refresh:
- Jun 23 at 1:45 am
Property Features for 1031 E Summit St
General Information
- Standard status
- Active
- Size
- 7,640 SF
- Lot size
- 1.16 Acres
Listing office Water Tower Properties, LLC (219) 746-6110
Listing date Apr 22, 2026
Source Exprealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Water Tower Properties, LLC
HighLights
- 6,500 SF all‑steel industrial building with 20' ceilings, LED lighting, and 480V 3‑phase power
- Two overhead cranes: 5T crane and 2T crane in the main building
- Separate 1,100 SF office building on 3 parcels totaling 1.16 acres, with ample parking and outside storage
- Approximately 600 SF efficiency apartment on the 2nd floor of the main building
- Heating includes overhead gas heat and a large wood burner; HVAC and HWH replaced in past 4 years in both office areas
- Office building roof shingles replaced within past 6 years; additional storage shed on‑site; owner to replace older carpeting as necessary
Overview
The site is made up of three parcels totaling 1.16 acres. The seller highlights strong visibility for the facility. On the office and building systems, HVAC and HWH have been replaced within the past four years in the main building office area and the separate office building, and the separate office building roof shingles were replaced within the past six years. The owner will replace older carpeting as necessary.
For tenants or buyers seeking a turnkey industrial setup, the combination of warehouse clear height, overhead crane capacity, and dedicated office space supports a range of light manufacturing, warehousing, or distribution uses. The included apartment space and multiple storage options add flexibility for operators who want on-site living or additional operational support space.
Local Financial Insights For Office B
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 | $165.0k | $21.60 |
| − Vacancy | −$35.8k | −$4.69 |
| EGI | $129.2k | $16.91 |
| − OpEx | −$32.3k | −$4.23 |
| NOI | $96.9k | $12.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Crown Point
- County
- Lake
- State
- Indiana
- Longitude
- -87.348617
- Latitude
- 41.4271616
