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Property profile & analytics
OFF-MARKET
Retail space
1601 Main St, Crown Point, IN 46307-2333
Entity Owned
~
Est. High Equity
Property ID
US31-0628343
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
TYPE NOT SPECIFIED
Total area
6,928 SF
Lot
1.58 ac (68,825 SF)
APN
45-12-32-376-002.000-029
UPID
US31-0628343
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
Current use
Occupant on record · Public records
-
Gruel Brothers Inc. (Bike/Boat/Book/etc) Store Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ridma LLC
Ridma LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Crown Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crown Point submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$10,898
Tax year 2022
Assessed value
$508,900
Assessed 2023
Previous assessed
$508,900
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$381,700
Assessed improvement
$127,200
Land market value
$381,700
Improvement market value
$127,200
Total market value
$508,900
Applied tax rate
29.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
6,928 SF
Lot
1.58 ac (68,825 SF)
APN
45-12-32-376-002.000-029
UPID
US31-0628343
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Ridma LLC
Entity
Mailing address
1601 N MAIN ST, CROWN POINT, IN 46307-2333
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
$646,900
Ridma LLC
Afjf Holdings LLC
Warranty Deed
$517,500 · Peoples Bank
May 7, 2024
—
Afjf Holdings LLC
—
Deed
related
$308,985 · First Financial Bank
Dec 27, 2023
—
Afjf Holdings LLC
Gruel Bros INC
Quit Claim Deed
related
—
Dec 3, 2018
—
Gruel Bros INC
—
Deed
related
$252,196 · First Financial Bank
Jun 21, 2012
—
Gruel Bros INC
—
Trustees Deed
related
$50,000 · Mainsource Bank
Jul 23, 2008
—
Gruel Bros INC
—
Trustees Deed
related
$100,000 · Mainsource Bank
—
—
Gruel Bros INC
—
Deed Of Trust
related
$50,000 · Mainsource Bank
—
—
Gruel Bros INC
—
Loan Modification
related
$235,000 · Mainsource Bank
—
—
Gruel Bros INC
—
Loan Modification
related
$50,000 · Mainsource Bank
—
—
Gruel Bros INC
—
Deed Of Trust
related
$100,000 · Mainsource Bank
—
—
Gruel Bros INC
—
Deed Of Trust
related
$235,000 · Mainsource Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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