123 N. Main Street Suite #203

123 N. Main Street, Crown Point, Indiana 46307

  • Property Subtypes Office Building
  • Building Size (RSF) 1,750 SF
  • Gross Building Area 1,750 SF
  • Building Name New Town West
  • Building Status Existing
  • Sale Price $249,000.00 Total
  • Unit Price $142.29 per SF
  • Property Use Type Business
  • Class of Space Class B
  • Total Land Size 1,750 SF
  • Sale Terms Sale/Leaseback
  • Cap Rate Undisclosed
  • Last Updated 9/19/2019
  • Status expired

Overview / Comments

New Town West offers street level retail shops, and second floor office space. This office condo consists of +/- 1,750 SF. This property is serviced by an elevator and has a dedicated parking lots. This is a pedestrian friendly area with many shops and restaurants. This income producing property is presently leased to a law firm, under a triple net lease. Current NOI is $22,279/year with scheduled 3% annual increases. Low NNN expenses of $3.57 PSF. Going-in Cap Rate of 8.95%. Great "Starter" investment in commercial real estate or target 1031 Exchange candidate. Located on Main Street in Crown Point, Indiana just North of the square and directly across the street from the new Crown Point Library.

Additional Details

  • Tax ID/APN 45-16-08-136-006.000-042
  • Zoning B-3 Office
  • Site Number Suite #203

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