111 US 231

111 US 231, Crown Point, Indiana 46307

  • Property Subtypes Retail , Office
  • Sale Price $445,427.00 Total
  • Class of Space N/A
  • Total Land Size 1.83 Acres
  • Sale Terms Undisclosed
  • Cap Rate Undisclosed
  • Last Updated 3/31/2020
  • Days on Market 1018 Days
  • Status active

Overview / Comments

This is a prime commercial parcel currently being used as a residential home with the possibility to be used as office, retail or total redevelopment. This parcel is zoned B-3 Highway Commercial. All utilities are available to site including water and sewer. Additional property to the east of 2.00 +/- acres is available through assemblage for a total of +/- 3.83 acres. 107 E US 231 is available for $427,872. Proposed new Franciscan Health Hospital, University of Saint Francis expansion and possible new location for Andrean High School is located just 1 mile west of this property. It's expected investment is between $227 and $300 milion for the hospital and expanded University, Franciscan officials report. 2018 INDOT traffic count on State Road 231 is 11,870 cars/day. 2018 INDOT traffic count on SR 231 is 11,870 cars/day. 2018 pay 2019 real estate taxes are $2,871.56.) Located on the south side of US 231/SR 8, 1/4 mile east of Broadway, 1/2 mile west of I-65/US 231 interchange, and 5 miles south of US Highway 30. Nearby businesses include CVS, People's Bank, First Financial Bank, Oak Hill Animal Clinic, Crown Point Square, and so much more. Less than 2 miles east of the historic Lake County Court House and Crown Point Square with shopping, dining, banking, entertainment and more. 1.5 miles southeast of the Crown Point Sports Plex. ***Less than 1/4 mile from the recently announced $250 million dollar Fountains of Crown Point, initial plans calling for two hotels, a bowling alley, a theater, upscale and fast casual restaurants, a specialty grocery store, residential town homes, and a fire station. Anchoring the development would be a premier outlet mall with 80 to 100 stores. Fountains is being called a landmark shopping, dining, and entertainment destination.

Additional Details

  • Tax ID/APN 45-16-15-153-003.000-042
  • Property Visibility N/A
  • Site Number 111

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