1031 E Summit Street, Crown Point, IN 46307
COMMERCIAL - Crown Point, IN
- Added:
- Apr 18, 2026
- Days on Market:
- 71
- Last Refresh:
- Jun 27 at 10:06 pm
Property Features for 1031 E Summit Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 30
- Parking features
- Driveway, Off Street
- Security features
- Security Lighting
- Appliances
- Gas Water Heater
- Standard status
- Active
- APN
- 451604326004000042
- Size
- 7,640 SF
- Lot size
- 1.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E114.8FT OF W1703.50FT OF N207.43 FT OF SW1/4 S.4 T.34 R8 .547AC; E.95.2FT OF W1798.25FT OF N.207.43 FT OF SW1/4 S.4 T.34 R.8 .453AC; E.60FT OF S.122.57FT OF N.330FT OF SW1/4 S.4 T.34 R.8 .168 AC
- Tax Annual Amount
- 8353
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Central
- Water source
- Public
Building Details
- Year built
- 1974
Listing agent Harry Davis License #RB14029089 (219) 746-6110
Listing office Water Tower Properties, LLC P.O. Box 241, Crown Point, IN (219) 746-6110
Listing date Apr 18, 2026
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
- 6,500 SF all‑steel industrial building with 20' ceilings, LED lighting, and forced‑air natural gas central heat
- 480V 3‑phase power plus 2 overhead cranes (5T and 2T)
- Separate 1,100 SF office building on 3 parcels totaling 1.16 acres
- Public water and public sewer
- Efficiency apartment space (~600 SF) on the 2nd floor of the main building
- HVAC and gas water heater replaced in office areas within past 4 years; office roof shingles replaced within past 6 years
Overview
The property is set on three parcels totaling 1.16 acres and offers ample parking and outside storage. Recent improvements include HVAC and hot water heater replacements in the main building office area and the separate office building within the past four years, and replacement of the office building roof shingles within the past six years.
For buyers evaluating owner-occupied or multi-use space, the combination of industrial clear-height, crane capacity, and dedicated office area can support a range of manufacturing, distribution, or operational needs. The presence of an on-site efficiency apartment may also appeal for certain operators seeking supplemental living or flexible use, while the owner’s commitment to replace older carpeting as necessary helps reduce near-term interior work.
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
- -87.348376
- Latitude
- 41.427191
