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Property profile

396 111th Ct Crown Point, IN 46307

OFF-MARKET
Other warehouses
Property ID
US31-3561093
View Sample
11,728 SF 1 ac lot Built 2020
Individually Owned 3-yr Hold Free & Clear

Property summary

AI-generated overview

The property is a 12,000-square-foot light industrial building located in the Crown East Business Park at the corner of Delaware and 111th Court, on the north side of E. 111th Court. It includes 1,920 square feet of office space with four offices, a reception area, a utility closet, and restrooms, along with 10,080 square feet of open warehouse area served by three 14' x 14' overhead doors and a 16' clear height. A shop bathroom is located within the warehouse. The building has R19 wall insulation and R42 ceiling insulation, and is equipped with 200 AMP 3-phase electric power and T8 lighting. The site is positioned about 0.25 mile west of the I-65/109th Avenue interchange and about 0.25 mile east of Broadway (S.R. 53), near the Beacon Hill shopping center (anchored by Stack & Van Til Grocery), with proximity to restaurants, grocery stores, banks, the Crown Point Sports Complex, and the historic downtown Crown Point Square (including walkable access to Off Square Brewery). The location and configuration are suitable for retail, office, contractor, and light industrial uses, with planned extension of Delaware Street northward on Delaware and Summit Street at the roundabout near the Delaware Parkway and Summit Street intersection, connecting toward AmeriPlex at the Crossroads.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 2020
Construction WOOD
Total area 11,728 SF
Lot 1 ac (43,560 SF)
Zoning code R33
APN 45-16-10-127-005.000-042
UPID US31-3561093

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2023
Last sale
$210,000
4 recorded transactions
2023
Price N/A
2021
Price N/A
2017
$210,000
2016
$153,090

Zoning & alternative use

R33 · Crown Point, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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