Manufacturing Building With Dock
For Sale
$2,650,000
1190 Erie Ct, Crown Point, IN 46307
I-1-zoned industrial facility with dock and drive-in loading for manufacturing or warehouse operations.
Property Size19,100 SF
Price / SF$138.74
Days on Market51
Property Features for 1190 Erie Ct
General Information
Standard status
Active
Size
19,100 SF
Property subtype
Industrial
Zoning
I-1
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
2
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Building Size
19,100 SF
Year Built
1995
Buildings
1
Listing Agency:
Latitude Commercial
Listed By:
Myles Rapchak · License #IN #RB14052315
(219) 308-3553
Source:
Latitudeco
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 14 at 8:16PM
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
Investment Insights
Based on property information with market context.
This 19,100-square-foot manufacturing property includes warehouse space with 18-foot ceiling heights, two dock doors, and two drive-in doors. Constructed in 1995, the facility is zoned I-1 and is configured for industrial use.
The property is located in Crown Point, less than one mile from the I-65 and 109th interchange. A current tenant lease runs through 8/31/27 with no options, providing a defined lease term for a buyer evaluating the asset.
The property is located in Crown Point, less than one mile from the I-65 and 109th interchange. A current tenant lease runs through 8/31/27 with no options, providing a defined lease term for a buyer evaluating the asset.
Key Highlights
- 19,100 SF manufacturing and industrial building
- 18' ceiling heights in the warehouse
- Two dock doors and two drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,553
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,060
$2.7M
Cap Rate 7%
$1,922,186
$1.9M
Cap Rate 9%
$1,495,033
$1.5M
Market Conditions
NOI Build-Up for 19,100 SF
Gross rent
$167.3K $8.76/SF
− Vacancy
−$9.0K −$0.47/SF
EGI
$158.3K $8.29/SF
− OpEx
−$23.7K −$1.24/SF
NOI
$134.6K $7.04/SF
Area
Lake County, IN
Vacancy
5.39%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,060
Cap Rate 7%
$1,922,186
Cap Rate 9%
$1,495,033
Alternative Uses
Best Use
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,553 @ 7.0% cap · market cap 5.08%
Second Best
Industrial
$1.58M
$1.39M – $1.85M
NOI $110,808 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$5.33M
$4.67M – $6.22M
NOI $373,238 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
920
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - I-1-zoned industrial facility with dock and drive-in loading for manufacturing or warehouse operations.
Where is this manufacturing property located?
The property is located at 1190 Erie Ct Crown Point, IN.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 19,100 SF manufacturing and industrial building; 18' ceiling heights in the warehouse; Two dock doors and two drive‑in doors
