9800 Connecticut Dr Crown Point, IN 46307-7840
- Office Properties & Spaces
- 59,824 SF
- 5.29 lot acres
Dec 04, 2023
Current Use by 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
Property Details for 9800 Connecticut Dr
- Year built
- 2005
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 5.29 lot acres
- Property size
- 59,824 SF
- Zone code
- R33
- Property type
- Office Properties & Spaces
- APN
- 45-12-34-351-003.000-030
- APU
- 451234351003000030
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,132,000
- AI Estimate
- $3,874,000
Market price range: $1.49M - $7.13MMarket price range: $1.61M - $3.87M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,810,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $6,225,000 Change: +63% Conversion: Moderate
- RETAIL STORES
- $4,540,000 Change: +19% Conversion: Easy
- WAREHOUSE, STORAGE
- $4,460,000 Change: +17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Crown Point
- County
- Lake
- State
- Indiana
- Longitude
- -87.3331
- Latitude
- 41.4387
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA