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Property profile

501 112th Ave Crown Point, IN 46307

OFF-MARKET
Other warehouses
Property ID
US31-2465736
View Sample
11,728 SF 1.22 ac lot Built 2023
Entity Owned 3-yr Hold Free & Clear

Property summary

AI-generated overview

Located in the Crown East Business Park, this industrial property contains approximately 12,000 SF total, including 1,920 SF of office space configured with four offices, a reception/open area, a bathroom, a storage closet, and an IT closet. The remaining 10,080 SF is warehouse space with R-19 insulation in the walls and R-42 insulation in the ceilings, T8 lighting, three overhead doors sized 14' x 14', and 16' clear height. Electrical service includes a 200 AMP electrical service, and the facility is also capable of supporting a 480 AMP 3-phase service. The building is set on a fully fenced yard. The property is zoned I-1 Industrial and is positioned on the south side of E 110th Street between 110th and 113th Street, approximately 1/4 mile west of the I-65/109th Avenue interchange and about 1/4 mile east of Broadway (S.R. 53), with access to nearby retail and dining and proximity to the Beacon Hill shopping center and other area amenities. The site supports uses such as retail/showroom, office, contractor services, and light industrial activities.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 2023
Construction TYPE NOT SPECIFIED
Total area 11,728 SF
Lot 1.22 ac (53,143 SF)
APN 45-16-10-177-012.000-042
UPID US31-2465736

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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$310k

Owner & transaction history

since 2023
7 recorded transactions
2024
Price N/A
2023
Price N/A
2021
Price N/A
2018
Price N/A
2013
Price N/A
2012
$2.0M
2011
$2.0M

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.2M +39.6%
Retail stores $890,000 +1.8%

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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