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Property profile & analytics
OFF-MARKET
Land

107 State Road 231 Crown Point, IN 46307

1.95 ac lot
Property ID
Property summary
AI-generated overview

This 1.95-acre commercial lot, located at 107 E. State Road 231 in Crown Point, Indiana (46307), presents a unique redevelopment opportunity. Zoned B-3 Highway Commercial, this property is perfectly situated for medical, professional office, or retail development. All utilities, including sewer and water, are readily available on-site. The property boasts 115 feet of frontage on State Road 231, a major thoroughfare with a 2022 INDOT traffic count of 14,903 vehicles per day. Its strategic location offers significant advantages, being just one mile from the proposed new Franciscan Health Hospital, a University of Saint Francis expansion, and a potential new Andrean High School location – a combined projected investment of $227 to $300 million. This prime parcel is offered at $449,000, translating to $219,024 per acre. The 2022-2023 property taxes were $284.04. The APN is 45-16-15-153-002.000-042. This is a high-visibility location with excellent potential for strong returns on investment. Don't miss this chance to capitalize on the growth in Crown Point, Lake County.

Property profile
Verified
Property type Land
Lot 1.95 ac (84,942 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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