Industrial Warehouse with Bridge
1019 E Summit St, Crown Point, IN 46307
Industrial warehouse on 2.5 acres with heated space, multiple overhead doors, and cranes up to 10 tons.
Property size:
45,966 SFPrice / SF:
$84/SF- Added:
- Mar 4, 2025
- Days on Market:
- 480
- Last Refresh:
- Jun 23 at 3:12 am
Property Features for 1019 E Summit St
General Information
- Standard status
- Active
- Size
- 45,966 SF
Listing office JK Pro Realty, LLC (219) 712-1567
Listing date Mar 4, 2025
Source Exprealty
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 JK Pro Realty, LLC
HighLights
- Industrial warehouse for sale on 2.5 acres near I‑65 in Crown Point; Zoned I‑1 (industrial) for a variety of uses
- Main building: 39,723 SF heated warehouse with overhead/drive‑in doors and high ceilings (16 ft sides, 25 ft middle)
- Cranes included: traveling bridge cranes and jib cranes from 1/2 ton up to 10 tons
- Utilities and electrical: 800A service, 240/480V, 3‑phase
- Fully finished offices with forced air heat and air conditioning, plus employee kitchen area, locker rooms, break rooms, and bathrooms
- Rear building: 6,242 SF built in 1989 with 16 ft clear ceiling height; Parcel #45‑16‑04‑301‑006.000‑042 included
Overview
This industrial warehouse offering includes a main building with 39,723 square feet and a heated warehouse environment designed for heavier operations. The facility features multiple crane systems, including traveling bridge cranes and jib cranes ranging from 1/2 ton to 10 tons. Clear heights are approximately 16 feet on the sides and 25 feet in the middle, supporting storage and manufacturing workflows. Multiple overhead doors and drive-in bays provide loading flexibility. Fully finished office space includes forced air heating and air conditioning, along with an employee kitchen area, locker rooms, break rooms, and multiple restrooms.
A rear building of 6,242 square feet (built in 1989) complements the main facility, with an approximate clear ceiling height of 16 feet. Electric service is listed as 800A with 240/480V, 3 phase power. The property is zoned I-1 (industrial) and includes parcel information noted as Parcel # 45-16-04-301-006.000-042 in the sale.
With I-1 zoning and substantial crane capacity, this property can suit a variety of industrial users requiring heated warehouse space and on-site overhead handling. The combination of loading doors, clear heights, and office support areas provides a practical layout for organizations that need both production space and functional on-site employee facilities.
A rear building of 6,242 square feet (built in 1989) complements the main facility, with an approximate clear ceiling height of 16 feet. Electric service is listed as 800A with 240/480V, 3 phase power. The property is zoned I-1 (industrial) and includes parcel information noted as Parcel # 45-16-04-301-006.000-042 in the sale.
With I-1 zoning and substantial crane capacity, this property can suit a variety of industrial users requiring heated warehouse space and on-site overhead handling. The combination of loading doors, clear heights, and office support areas provides a practical layout for organizations that need both production space and functional on-site employee facilities.
Local Financial Insights For Warehouse
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 | $402.7k | $8.76 |
| − Vacancy | −$21.7k | −$0.47 |
| EGI | $381.0k | $8.29 |
| − OpEx | −$57.1k | −$1.24 |
| NOI | $323.8k | $7.04 |
45,966 SF · lease $8.76/SF/yr · vacancy 5.39% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.63M
$4.05M – $5.40M
NOI $323,815 @ 7.0% cap · market cap 8.30%
Second Best
Industrial
$3.81M
$3.33M – $4.44M
NOI $266,671 @ 7.0% cap · market cap 6.84%
Theoretical Best
Specialty Retail
$12.83M
$11.23M – $14.97M
NOI $898,233 @ 7.0% cap · market cap 23.03%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
A & B Manufacturing Inc
Industrial Manufacturer
Similar Places Nearby
- Crown Charcuterie — 794 N Main St, Crown Point, IN 46307
Location Insight
- Map
- Local Demand
- City
- Crown Point
- County
- Lake
- State
- Indiana
- Longitude
- -87.3513723
- Latitude
- 41.4266947
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Industrial warehouse on 2.5 acres with heated space, multiple overhead doors, and cranes up to 10 tons.
Where is this flex space located?
The property is located at 1019 E Summit St Crown Point, IN.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Industrial warehouse for sale on 2.5 acres near I‑65 in Crown Point; Zoned I‑1 (industrial) for a variety of uses; Main building: 39,723 SF heated warehouse with overhead/drive‑in doors and high ceilings (16 ft sides, 25 ft middle); Cranes included: traveling bridge cranes and jib cranes from 1/2 ton up to 10 tons
