7311 Lincoln Hwy Hwy Crown Point, IN 46307
- Land
- 15.00 lot acres
Current Use by Public Records
- Land
Property Details for 7311 Lincoln Hwy Hwy
- Lot size
- 15.00 lot acres
- Property type
- Land
Description
This exceptional 15-acre commercial land parcel, located at 7311 W Lincoln Hwy in Crown Point, Indiana (APN: 45-11-14-377-001.000-36), presents a unique investment opportunity. Zoned C-3 Highway Commercial, allowing for structures up to six stories, this property boasts 1363 feet of frontage on US Route 30, experiencing a daily traffic count of 45,000 vehicles. Additional traffic from Cline Ave (6,719 vehicles daily) further enhances its visibility and accessibility. The zoning permits a variety of uses, excluding box retail and fast food, with numerous approved alternatives detailed in the zoning attachment. This prime location is ideal for medical office, residential, or mixed-use development. The property's strategic position anticipates increased demand from Chicago commuters relocating due to the new Dyer train station (completion February 2025), leading to elevated demographics and population growth. A potential stoplight addition (phase 2 of a nearby medical office complex) will further improve access. The offering includes 12.5 acres (with an option for the buyer to acquire the additional 2.5 acres). Annual property taxes are $300. The asking price is $1,970,000.
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
- -87.4249
- Latitude
- 41.4794
