Medical Office Building with Lower-Level
For Sale
$3,700,000
6625 W Lincoln Hwy, Crown Point, IN 46307
A single-level brick facility offers finished clinical and office space below grade, with 35 parking spaces and handicap accessibility.
Property Size10,289 SF
Lot Size1.06 Acres
Price / SF$359.61
Days on Market19
Property Features for 6625 W Lincoln Hwy
General Information
Standard status
Active
Size
10,289 SF
Total Parking Spaces
35
Lot size
1.06 Acres
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8.89%
Tenant in Place
Yes
Property Use
Medical Office
Medical Specialty
urgent care
Taxes and HOA fees
Annual Taxes
$36,338
Building Details
Buildings
1
Stories
1
Construction
brick
Tenancy
Multi
Listing Agency:
Baird & Warner Res. Sales Inc.
(708) 460-1400
Listed By:
Neil VerHagen · License #IL-47101703
(630) 668-8343
Source:
Exprealty
Added: Oct 14
Changed: Oct 25
Last Checked: Nov 1 at 11:01AM
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 Baird & Warner Res. Sales Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-level, all-brick medical office property contains 10,289 square feet above grade and 4,400 square feet of finished lower-level space configured for clinical and office use. The upper-level area can be arranged in smaller configurations. The building is fully leased to two medical tenants and includes a striped asphalt parking lot with 35 spaces and handicap accessibility.
The 1.06-acre site occupies the southwest corner of a signalized four-way intersection on Lincoln Highway, where the stated daily traffic count is 39,855 vehicles. I-65 is minutes away, providing regional highway access.
The 1.06-acre site occupies the southwest corner of a signalized four-way intersection on Lincoln Highway, where the stated daily traffic count is 39,855 vehicles. I-65 is minutes away, providing regional highway access.
Key Highlights
- 10,289 square feet above grade and 4,400 square feet of finished lower‑level space
- Fully leased to two medical tenants
- 1.06‑acre site at the southwest corner of a signalized four‑way intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,013
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,880,260
$2.9M
Cap Rate 7%
$2,057,329
$2.1M
Cap Rate 9%
$1,600,144
$1.6M
Market Conditions
NOI Build-Up for 10,289 SF
Gross rent
$266.7K $25.92/SF
− Vacancy
−$26.7K −$2.59/SF
EGI
$240.0K $23.33/SF
− OpEx
−$96.0K −$9.33/SF
NOI
$144.0K $14.00/SF
Area
Lake County, IN
Vacancy
10.00%
Lease Rate
$25.92 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,880,260
Cap Rate 7%
$2,057,329
Cap Rate 9%
$1,600,144
Alternative Uses
Best Use
Healthcare Medical
$2.06M
$1.80M – $2.40M
NOI $144,013 @ 7.0% cap · market cap 3.89%
Second Best
Office B
$1.86M
$1.63M – $2.18M
NOI $130,512 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$2.87M
$2.51M – $3.35M
NOI $201,060 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Crossroads Animal Hospital — 5939 W Lincoln Hwy Hwy, Crown Point, IN 46307
Frequently Asked Questions
What type of property is this?
Medical Office Space - A single-level brick facility offers finished clinical and office space below grade, with 35 parking spaces and handicap accessibility.
Where is this medical office space located?
The property is located at 6625 W Lincoln Hwy Crown Point, IN.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 10,289 square feet above grade and 4,400 square feet of finished lower‑level space; Fully leased to two medical tenants; 1.06‑acre site at the southwest corner of a signalized four‑way intersection
