107 State Road 231 Crown Point, IN 46307
- Land
- 1.95 lot acres
Current Use by Public Records
- Land
Property Details for 107 State Road 231
- Lot size
- 1.95 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crown Point
- County
- Lake
- State
- Indiana
- Longitude
- -87.3386
- Latitude
- 41.4031
