10685 Randolph St - Restaurant FOR SALE


Crown Point, IN 46307
$1,755,000 USD
317-431-6130
10685 Randolph St, Crown Point, IN for Sale
$1,755,000 USD
Restaurant - FOR SALE
1/10
null | 6% Cap Rate

10685 Randolph St
Crown Point, IN 46307


HIGHLIGHTS

  • Ideal for passive income investors seeking mailbox money with limited landlord responsibilites
  • Leased to an established restaurant operator with a strong customer base
  • Turn-key restaurant located in Doubletree Plaza, one of Winfield's most active commercial corridors

OVERVIEW

Turn-Key Restaurant Investment Offering 10685 Randolph St. | 4,505 SF | Doubletree Plaza | Winfield Location A stabilized, income-producing restaurant property located in Doubletree Plaza—one of Winfield's most active commercial corridors. The 4,505 SF building is leased to a long-standing restaurant operator and includes a liquor license, offering long-term value and stable returns. The property features recent upgrades including a new patio, roof, windows, and doors, along with a large on-site shed for additional storage or operational use. With minimal landlord responsibilities and a NN lease, this asset delivers reliable in-place income and future upside. Lease & Financial Overview: Lease Type: Double net (NN) Tenant Pays: Insurance, maintenance, and utilities Landlord Pays: Property taxes Annual Base Rent: $127,345 Less Property Taxes: ($20,998) Net Operating Income: $105,347 Market Highlights: The Crown Point/Winfield area has seen rapid growth fueled by strong residential development, a pro-business climate, and its proximity to Chicago. Thousands of new homes have been built within a 3-mile radius, and both towns continue to attract new commercial activity. Winfield ranks among Indiana's fastest-growing towns, and Crown Point has experienced a significant population increase in the last decade. Demand for quality retail and restaurant space continues to rise, supporting long-term appreciation. Tenant Strength: The current tenant is an established local operator with a strong following and proven track record. Their continued investment in the space and long-standing presence in the community adds a layer of stability and reliability to the income stream. **Building for sale, not restaurant** Contact broker for a showing.

FOR SALE DETAILS

PRICE

$1,755,000 USD

PRICE/SF

$467 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

R33

APN/PARCEL ID

45-17-04-351-001.000-047

ASK ABOUT THIS PROPERTY

Adriana GomezMcColly Bennett Commercial AdvantageMore Info
317-431-6130

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Adriana GomezMcColly Bennett Commercial AdvantageMore Info
317-431-6130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.