107 State Road 231 Crown Point, IN 46307
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.