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

    116 W Clark St Crown Point, IN 46307

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr ($5,415 /Mo)

    Two-story office building in Crown Point's Historic Courthouse Square.

    Property size:
    4,332 SF
    Lot size:
    0.05 Acres

    Property Features for 116 W Clark St

    General Information

    Standard status
    Active
    Size
    4,332 SF
    Lot size
    0.05 Acres

    Building Details

    Year built
    1996

    We can help!

    Listing Contact
    Randy Sekerez
    Source: Exitrealty

    Listing Agency: Sekerez Real Estate, Inc. Listing Agent: Randy Sekerez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Crown Point Office Building

    This two-story office building is located in Downtown Crown Point, Indiana, on the Historic Courthouse Square. The single-tenant building features an open floor plan suitable for a variety of office users. The property is equipped with a CCTV security system and is wired for internet access. The building has a total size of 4332 square feet.
    Location Intelligence

    Current Use by Public Records

    Sekerez Land Surveying Land Surveyor Sekerez Zarko & Associates Land Surveyor

    Suggested Use

    Restaurant Real Estate Agency Law Firm 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
    -87.3651651
    Latitude
    41.4181556

    Nearby Similar for Lease

    • $2,000 /Mo
      1,273 SF

      Downtown Retail Space in Crown Point

      Retail space in an excellent downtown location suitable for various businesses.
      102 N Main St, Crown Point, IN 46307
      View Details
    • $1,800 /Mo
      1,350 SF

      Commercial Space in Crown Point

      Flexible commercial space suitable for various business types.
      10659 Randolph St, Crown Point, IN 46307
      View Details
    • $1,800 /Mo
      1,350 SF

      Crown Point Commercial Space For Lease

      Flexible commercial space suitable for various business types.
      10661 Randolph St, Crown Point, IN 46307
      View Details
    • $3,600 /Mo
      2,700 SF

      Crown Point Commercial Space Available

      Flexible commercial space suitable for various business types in Crown Point.
      10659-10661 Randolph St, Crown Point, IN 46307
      View Details
    • $6,000 /Mo
      6,336 SF

      Prime Retail Space on Square

      Versatile retail space in vibrant Crown Point Square location.
      101 S Court St, Crown Point, IN 46307
      View Details
    • $17,233 /Mo
      23,428 SF

      New Class A Office Building

      New office building in Crown Point's business corridor.
      619 N Indiana Ave, Crown Point, IN 46307
      View Details
    • $20 SF/Yr
      2,160 SF

      Crown Point Retail Space Available

      Retail space for lease in Crown Point, Indiana.
      1405 E Summit St, Crown Point, IN 46307
      View Details
    • $12 SF/Yr
      2,880 SF

      Crown Point Flex/Warehouse Space

      Multi-tenant flex/warehouse building with office and warehouse space available.
      1201-1249 Arrowhead Ct, Crown Point, IN 46307
      View Details
    • Contact for pricing

      Crown Point Industrial Build-To-Suit

      Industrial build-to-suit opportunity in Crown Point, Indiana.
      65 Venture Park, Crown Point, IN 46307
      View Details
    • Contact for pricing
      12,000 SF

      Crown Point Warehouse/Flex Space

      12,000 SF warehouse/flex space in Crown East Business Park.
      501 E 112Th Ave, Crown Point, IN 46307
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building in Crown Point's Historic Courthouse Square.
    Where is this office building located?
    The property is located at 116 W Clark St Crown Point, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Downtown Crown Point on the Historic Courthouse Square.; - Two-story, single-tenant building.; - Open floor plan suitable for various office uses.
    (219) 663-3344
    Request Owner's contact information
    116 W Clark St Crown Point, IN 46307
    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.
    116 W Clark St
    Crown Point, IN 46307
    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
    116 W Clark St Crown Point, IN 46307
    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

    We can help!
    Listing Contact
    Randy Sekerez
    Real Estate License ID: RB14021749
    (219) 663-3344 (219) 746-8431
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!