Fully Leased Mixed-Use
105 S Court Street, Crown Point, IN 46307
For Sale
$717,000
Commercial Sale, Crown Point, IN
Property Size4,770 SF
Lot Size0.06 Acres
Price / SF$150.31
Days on Market183
Property Features for 105 S Court Street
General Information
Property type
Property subtype
Rooms
Parking features
Interior features
Exterior features
Basement
Appliances
Subdivision
Lot features
View
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
private fenced backyard
large unfinished basement
Building Details
Year built
Additional Structures
Listing Agency:
Seramur Properties, LLC
(219) 548-8800
Listed By:
Dennis Seramur · License IN RB14028997
(219) 241-4039
Added: May 12
Changed: Nov 10
Last Checked: Nov 10 at 12:06PM
MLS# 838709
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.
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Investment Insights
Based on property information with market context.
Located at 105 S Court Street in Crown Point, this mixed-use property contains 4,770 square feet on a 0.0623-acre lot. The main level is configured for commercial use, while the second floor provides residential space. The property is fully leased and includes a large unfinished basement, private fenced backyard, balcony, storage, and on-street parking.
Built in 1900, the building received a rubber roof in 2021 along with new front doors, windows, tuckpointing, an awning, and front-facade improvements in 2024. Public water and public sewer serve the property. A historic Crown Point liquor license may be available through the City of Crown Point.
Built in 1900, the building received a rubber roof in 2021 along with new front doors, windows, tuckpointing, an awning, and front-facade improvements in 2024. Public water and public sewer serve the property. A historic Crown Point liquor license may be available through the City of Crown Point.
Key Highlights
- Fully leased mixed‑use property at 105 S Court Street, Crown Point, IN
- 4,770 square feet on a 0.0623‑acre lot
- Residential space located on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,223
Cap Rate
6.59%
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 6.59%
Second Best
Retail
$656.7K
$574.6K – $766.1K
NOI $45,966 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.55M
NOI $93,212 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
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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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Market
Properties on Market for Mixed-use properties in Lake County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space occupies the main level, with residential use on the second floor and a private fenced yard.
Where is this mixed-use property located?
The property is located at 105 S Court Street Crown Point, IN.
What is the asking price?
The asking price for this property is $717,000.
What are key features of this property?
This property features: Fully leased mixed‑use property at 105 S Court Street, Crown Point, IN; 4,770 square feet on a 0.0623‑acre lot; Residential space located on the second floor
