7311 Lincoln Hwy Hwy Crown Point, IN 46307
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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