Crown Point Mixed-Use
For Sale
$720,000
105 S Court St, Crown Point, IN 46307
Leased mixed-use property with residential and commercial spaces, fenced backyard.
Property Size4,770 SF
Price / SF$150.94
Days on Market160
Property Features for 105 S Court St
General Information
Standard status
Active
Size
4,770 SF
Taxes and HOA fees
Annual Taxes
$7,073
Listing Agency:
Seramur Properties, LLC
(219) 548-8800
Listed By:
Dennis Seramur · License #RB14028997
(219) 241-4039
Source:
Exprealty
Added: May 12
Changed: Oct 3
Last Checked: Oct 16 at 12:22PM
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 Seramur Properties, LLC
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Investment Insights
Based on property information with market context.
This mixed-use property is located in a commercial area of Crown Point and includes a residential space on the second floor. The property is fully leased and features a private, fenced backyard and a large unfinished basement. A new rubber roof was installed in 2021. Additional updates in 2024 include new front doors, windows, tuckpointing, and a new awning and front facade. There is a possibility of obtaining a historic Crown Point liquor license through the city.
Key Highlights
- Fully leased commercial property with residential unit provides immediate income.
- Excellent commercial location in Crown Point.
- New roof (2021) and significant facade renovations (2024) indicate well‑maintained property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,223
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,460
$944.5K
Cap Rate 7%
$674,614
$674.6K
Cap Rate 9%
$524,700
$524.7K
Market Conditions
NOI Build-Up for 4,770 SF
Gross rent
$85.9K $18.00/SF
− Vacancy
−$10.3K −$2.16/SF
EGI
$75.6K $15.84/SF
− OpEx
−$28.3K −$5.94/SF
NOI
$47.2K $9.90/SF
Area
Lake County, IN
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,460
Cap Rate 7%
$674,614
Cap Rate 9%
$524,700
Alternative Uses
Best Use
Mixed Use
$674.6K
$590.3K – $787.1K
NOI $47,223 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.55M
NOI $93,212 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 46307, IN
69,248
Population
26,081
Households
2.7
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
87.2 sq mi
ZIP Area
794
Density / Sq Mi
$102,118
Median Household Income
$50,612
Median Earnings
$1,308
Median Rent
$293,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased mixed-use property with residential and commercial spaces, fenced backyard.
Where is this mixed-use property located?
The property is located at 105 S Court St Crown Point, IN.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Fully leased commercial property with residential unit provides immediate income.; Excellent commercial location in Crown Point.; New roof (2021) and significant facade renovations (2024) indicate well‑maintained property.
