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    Flexible Studio and Office Space Title is generated by Realmo AI

    1312 N Main Street, Crown Point, IN 46307

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    For Lease
    $2,500/Mo $4 SF/Yr (calc)

    COMMERCIAL - Crown Point, IN

    Property size:
    6,160 SF
    Lot size:
    0.40 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 1312 N Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Exterior features
    Lighting
    Standard status
    Active
    APN
    451605201005000042
    Size
    6,160 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PT. OF LOT 16 SMITH'S ADD TO OUTLOT W. OF OLD RR NW.1/4 NW.1/4 NE.1/4 S.5 T.34 R.8 0.399AC
    Tax Annual Amount
    9172

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Lori Pangburn

    Listing agent Lori Pangburn

    Listing office McColly Real Estate 1964 N. Main Street, Schererville, IN

    Listing date Jun 1, 2026

    MLS# 839959

    Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 1,600 sq ft of versatile lease space suited for fitness, studio, workshop, photography/videography, or office use
    • Heating includes natural gas forced‑air
    • Year built: 1965
    • Public water and public sewer service available

    Overview

    This lease opportunity offers over 1,600 square feet of versatile interior space designed to support a range of studio and professional uses. The layout is well-suited for fitness concepts such as yoga, pilates, dance, or zumba, and it can also accommodate uses like martial arts dojo training, personal training, and hands-on creative work. The space is also appropriate for an art studio and workshop, as well as photography and videography studios. For tenants needing a quieter environment, the same flexibility makes it a practical option for office space as well.

    The property is located at 1312 N Main Street in Crown Point, Indiana, in Lake County. With its dedicated commercial setting, it provides a straightforward option for operators looking for a space that can support both instruction-focused and workspace-oriented day-to-day activities.

    Given the breadth of potential uses explicitly supported by the existing configuration, this is an especially strong fit for independent studios, trainers, content creators, and small office users who want one location that can grow with their program. Whether the need is movement-based instruction or a creative production environment, the space offers the flexibility to match the way the tenant operates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lake County Taekwondo ... Training Center B&B Cafe Restaurant American National Contracting Roofing Company Metiedn Industrial Consultant Ve-Ve's Dance Compay Theater & Performing Art Venue

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Beth Steffens Yoga — 370 Ellendale Pkwy, Crown Point, IN 46307
    • Naturopathic Wellness — 115 S Court St, Crown Point, IN 46307
    • Family Holistic Center, LLC. — 213 S Court St, Crown Point, IN 46307
    • Kate Green Pilates — 1 courthouse sq, crown point, in 46307
    • Core Crown Point — across from Ramen District, North end of building, First Floor, 1 Courthouse Square Room 2, Crown Po

    Location Insight

    • Map
    • Local Demand
    City
    Crown Point
    County
    Lake
    State
    Indiana
    Longitude
    -87.363949
    Latitude
    41.433894

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    FAQs

    What type of property is this?
    Fitness center & gym - Over 1,600 SF of adaptable space suited for fitness, training, studios, and office use.
    Where is this fitness center & gym located?
    The property is located at 1312 N Main Street Crown Point, IN.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Over 1,600 sq ft of versatile lease space suited for fitness, studio, workshop, photography/videography, or office use; Heating includes natural gas forced‑air; Year built: 1965
    (708) 200-4699
    We can help!
    Listing Contact
    Lori Pangburn
    Request Owner's contact information
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    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.

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