250 North Main Street Crown Point, IN 46307
Mixed-use property with residential and commercial units near Crown Point.
Property Features for 250 North Main Street
General Information
- Standard status
- Active
- Size
- 12,606 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1969
Listing office eXp Commercial, LLC.
Listing date May 21, 2026
Source Crexi
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 eXp Commercial, LLC.
Investment Insights
Based on property information with market context.
Key Highlights
- Strong cash flow with great tenants in place.
- Mixed‑use property with four residential units (including in‑unit laundry) and twelve commercial spaces.
- Located in a high‑visibility corridor, 2.5 blocks from Crown Point Square.
Local Financial Insights For Mixed Use
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 | $226.9k | $18.00 |
| − Vacancy | −$27.2k | −$2.16 |
| EGI | $199.7k | $15.84 |
| − OpEx | −$74.9k | −$5.94 |
| NOI | $124.8k | $9.90 |
