Fully Leased Retail
105 S Court St Crown Point, IN 46307
105 S Court St, Crown Point, IN, 46307
$789,900
For Sale
$789,900
Retail storefront with residential space on the second floor, private fenced backyard, and a new rubber roof installed in 2021.
Property Size4,770 SF
Price / SF$165.60
Days on Market71
Property Features for 105 S Court St
General Information
- Standard status
- Active
- Size
- 4,770 SF
Listing agency
Seramur Properties, LLC
(219) 241-4039
Listed by
Dennis Seramur · License #RB14028997
(219) 241-4039
Source
Exprealty
Added: May 12 Updated: Jul 21 at 6:20PM Checked: Jul 21 at 6:20PM
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
Investment Insights
Based on property information with market context.
This fully leased retail storefront includes residential space on the second floor. The property also features a private fenced backyard and a large unfinished basement, providing additional area for storage or future buildout. Recent exterior improvements include a new rubber roof installed in 2021, along with new front doors and windows, tuckpointing, an awning, and updates to the front facade in 2024.
Located in Crown Point at 105 S Court St, the building has street-facing retail frontage and separate residential space above. The remarks also note the possibility of a historic Crown Point liquor license available through the city of Crown Point.
The property is offered for sale as a fully leased investment with ongoing exterior capital improvements and on-site yard space.
Located in Crown Point at 105 S Court St, the building has street-facing retail frontage and separate residential space above. The remarks also note the possibility of a historic Crown Point liquor license available through the city of Crown Point.
The property is offered for sale as a fully leased investment with ongoing exterior capital improvements and on-site yard space.
Key Highlights
- Fully leased Crown Point commercial property with retail storefront and residential space on the second floor
- New rubber roof installed in 2021
- 2024 exterior updates include new front doors, windows, tuckpointing, an awning, and front facade improvements
Local Financial Insights For Retail
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 | $68.7k | $14.40 |
| − Vacancy | −$3.0k | −$0.63 |
| EGI | $65.7k | $13.77 |
| − OpEx | −$19.7k | −$4.13 |
| NOI | $46.0k | $9.64 |
4,770 SF · lease $14.40/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$656.7K
$574.6K – $766.1K
NOI $45,966 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.55M
NOI $93,212 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Meraki Beauty Lounge
Hair Salon
On the Square Sports Academy
Event Planning
Cotton & Coils - Vape ...
(Bike/Boat/Book/etc) Store
How Sweet It ...
Wedding Service
i2 volleyball i2 ...
Gym & Fitness Center
Similar For Sale Nearby
Similar Off Market Nearby
- The Artful Garden — 595 N Indiana Ave, Crown Point, IN 46307
- Mandi's Flowers — 51 W Walnut St, Crown Point, IN 46307
- Jadco Limited — 401 N Jackson St, Crown Point, IN 46307
FAQs
What type of property is this?
Storefront property - Retail storefront with residential space on the second floor, private fenced backyard, and a new rubber roof installed in 2021.
Where is this storefront 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 $789,900.
What are key features of this property?
This property features: Fully leased Crown Point commercial property with retail storefront and residential space on the second floor; New rubber roof installed in 2021; 2024 exterior updates include new front doors, windows, tuckpointing, an awning, and front facade improvements
