Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1110 Merrillville Rd Crown Point, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two parcels totaling ±3.25 acres available for redevelopment.

    Type:LAND
    Lot size:
    2.28 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    268
    Last Refresh:
    Apr 5 at 10:47 pm

    Property Features for 1110 Merrillville Rd

    General Information

    Standard status
    Active
    Lot size
    2.28 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Brett McDermott
    Brett McDermott

    Listing agent Brett McDermott

    Listing office Latitude Commercial

    Listing date Aug 6, 2025

    Source Moodyscre

    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 Latitude Commercial

    Overview

    Land Parcels in Crown Point

    Two parcels totaling approximately 3.25 acres are available for sale. Located off Summit Street in Crown Point, Indiana, the seller is open to selling the parcels individually or together for redevelopment. Utilities are on site, and the property benefits from strong visibility and access, situated just one block from Main Street. The location is near Anytime Fitness' newest location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crown Point
    County
    Lake
    State
    Indiana
    Longitude
    -87.3609
    Latitude
    41.4288

    Nearby Similar for Sale

    • $569,900

      Crown Point Multifamily Investment Opportunity

      Four-unit property in downtown Crown Point with income potential.
      324 S Main Street, Crown Point, IN 46307
      View Details
    • $759,000
      7,387 SF

      Mixed-Use Building on Crown Point Square

      Mixed-use property in high-traffic area with income potential.
      100 N Main Street, Crown Point, IN 46307
      View Details
    • $1,755,000
      4,505 SF

      Turn-Key Restaurant Investment Opportunity

      Restaurant in high-growth area with strong residential development.
      10685 Randolph Street, Crown Point, IN 46307
      View Details
    • $474,500
      2,647 SF

      Crown Point Commercial Opportunity

      1.83 acres zoned B-3 near Broadway intersection.
      111 East State Road 8, Winfield, IN 46307
      View Details
    • $549,900

      28 Acres in Winfield Township

      28-acre property in Winfield Township with hay field and woods.
      6321 E 129th Avenue, Crown Point, IN 46307
      View Details
    • $149,900

      Crown Point Land Opportunity

      Manicured 0.75+ acre lot in desirable Trees Subdivision.
      5810 E 106th Court, Crown Point, IN 46307
      View Details
    • $97,900

      Crown Point Land Opportunity

      Residential lot ready for your dream home in Crown Point.
      8786 Doubletree Drive N, Crown Point, IN 46307
      View Details
    • $389,700

      Waterfront Lot in Ellendale Farm

      0.408-acre wooded waterfront lot in Crown Point, Indiana.
      778 Ronny Court, Crown Point, IN 46307
      View Details
    • $795,000
      3,612 SF

      Crown Point Multi-Family Property

      Multi-family property in Crown Point, Indiana, with 3,612 square feet.
      140 N West Street, Crown Point, IN 46307
      View Details
    • $84,900

      Crown Point Land in Gated Community

      Residential land in Crown Point's gated Falling Waters community.
      81 Morena Terrace, Crown Point, IN 46307
      View Details
    • $99,500

      Crown Point Homesite Opportunity

      Homesite in Falling Waters gated community with amenities.
      713 Druim Trail, Crown Point, IN 46307
      View Details
    • $62,500

      Residential Lot in Lakes Community

      Residential lot ready for new home construction in Crown Point.
      1100 Country Club Drive, Crown Point, IN 46307
      View Details

    FAQs

    What type of property is this?
    Land - Two parcels totaling ±3.25 acres available for redevelopment.
    Where is this land located?
    The property is located at 1110 Merrillville Rd Crown Point, IN.
    What is the asking price?
    The asking price for this property is $939,000.
    What are key features of this property?
    This property features: ±3.25 acres available for sale.; Utilities on site.; **Strong visibility and access** just one block from Main Street.
    (219) 545-4328 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brett McDermott
    Brett McDermott
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!