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Property profile & analytics
OFF-MARKET Estimated value $5,260,000
Office Spaces

9800 Connecticut Dr Crown Point, IN 46307-7840

59,824 SF 5.29 ac lot Built 2005
Trust Owned 2-yr Hold Free & Clear
Property ID
US31-1034261
Property summary
AI-generated overview

This Class A, 60,000-square-foot Purdue Technology Center offers flexible office and lab space in Crown Point, Indiana. The building, constructed in 2004, features one two-story building with 4 suites, ranging from 1,393 to 6,945 contiguous square feet. Amenities include a full-service reception area, mailroom, copy machine, kitchen with complimentary coffee, an outdoor picnic area with a gas grill, and three conference rooms available by reservation. Building security cameras ensure a safe environment. The property boasts 188 parking spaces and is situated on a 5.29-acre lot. Office space rents for $25.00 per rentable square foot, while lab space is $38.09 per rentable square foot. A build-out allowance of $55.00 per usable square foot is available. The common area load factor is 22%. High-speed fiber internet connectivity and VoIP phone service are readily available. The building's strategic location within the AmeriPlex at the Crossings business park provides excellent access to I-65 and US Highway 30, offering convenient commutes to Chicago (approximately 30 miles), O'Hare Airport, and Indianapolis. The property benefits from its location in both a Purdue Research Park and an Indiana Certified Technology Park, and is an AT&T Fiber Ready building. The area offers numerous nearby hotels, restaurants, and shopping options. The property is zoned CIS and has an APN of 45-12-34-351-003.000-030. The address is 9800 Connecticut Drive, Crown Point, IN 46307.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2005
Construction TYPE NOT SPECIFIED
Total area 59,824 SF
Lot 5.29 ac (230,520 SF)
Zoning code R33
APN 45-12-34-351-003.000-030
UPID US31-1034261
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
  • Shameka Griffith, Kirk and Company Real Estate Agency
  • Jobsite Mobile Offices (R) Car Rental Facility
  • Deulley Law Group/219WILL/219LLC Law Firm
  • I-DENTI-FIED Medical Clinic
  • Healthcall LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.13M
Blend (final) Blend
$5.26M
Owner & transaction history
Indiana Land Trust Company · 2 yrs held
Indiana Land Trust Company
since 2023
6 recorded transactions
2023
Price N/A
2023
Price N/A
2021
Price N/A
2021
Price N/A
2021
Price N/A
2021
Price N/A
Zoning & alternative use
R33 · Crown Point, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $6.2M +63.4%
Retail stores $4.5M +19.2%
Warehouse, storage $4.5M +17.1%
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