250 N Main St - Office FOR SALE


Crown Point, IN 46307
$2,599,900 USD
708-259-3734
250 N Main St, Crown Point, IN for Sale
$2,599,900 USD
Office - FOR SALE
1/52
null | 6.22% Cap Rate

250 N Main St
Crown Point, IN 46307


HIGHLIGHTS

  • Excellent Condition
  • Unbeatable Location

OVERVIEW

Rarely available mixed-use asset in a high-visibility corridor, an easy 2.5-block walk from the burgeoning Crown Point Square. Originally designed as 12 units, the property is currently structured as 16 units total: four 1,000 sq. ft. two-bedroom residential units with in-unit laundry, plus twelve commercial spaces, and a shared conference room breakroom for the lower level tenants. With strong cash flow, high build quality, excellent condition, and great tenants in place, 250 N. Main Street is exceptionally positioned to serve the long-term investor or business owner-occupant seeking diversified income for years to come as Crown Point continues to grow as the hub of Northwest Indiana. Recent capital improvements include the mansard roof, flat roof, windows, gutters, soffits and fascia, and the two entranceways with new aluminum wrap and new individual roofs, plus new mailboxes and a furnace pump. Commercial Suite 9 was just refurbished and is the only unit currently open available for lease.

FOR SALE DETAILS

PRICE

$2,599,900 USD

PRICE/SF

$209 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

South Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B-2

APN/PARCEL ID

45-16-05-460-004.000-042

ASK ABOUT THIS PROPERTY

Tony MitidieroeXp RealtyMore Info
708-259-3734

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Tony MitidieroeXp RealtyMore Info
708-259-3734

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