111 E State Road 8, Crown Point, IN 46307
1.83 acres zoned B-3 near Broadway intersection.
- Added:
- Feb 26, 2026
- Days on Market:
- 121
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 111 E State Road 8
General Information
- Standard status
- Active
- Size
- 2,647 SF
- Lot size
- 1.83 Acres
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1948
Listing office RE/MAX Lifestyles
Listing date Feb 26, 2026
Source Crexi
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 RE/MAX Lifestyles
HighLights
- Prime commercial location in Crown Point on Hwy 231 / 8 near Broadway intersection.
- 1.83 acres zoned B‑3, allowing for a variety of commercial uses.
- Existing 2,647 SF structure suitable for office/retail use.
- Large 2‑car garage with attic.
- Assemblage opportunity with nearby parcels also on the market.
- Proximity to established businesses.
Overview
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 | $57.2k | $21.60 |
| − Vacancy | −$12.4k | −$4.69 |
| EGI | $44.8k | $16.91 |
| − OpEx | −$11.2k | −$4.23 |
| NOI | $33.6k | $12.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Crown Point
- County
- Lake
- State
- Indiana
- Longitude
- -87.295208
- Latitude
- 41.371922
