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10685 Randolph St 4,505 SF Retail Building Winfield, IN 46307 $1,755,000 ($389.57/SF) 6% Cap Rate
Executive Summary
Turn-Key Restaurant Investment or Owner-User Opportunity – Winfield
10685 Randolph St. | 4,505 SF | Doubletree Plaza | Winfield, IN
4,505 SF restaurant property located in Doubletree Plaza, offering flexibility for both investors and future owner-users. The property is currently leased to an established operator, providing in-place income with the ability to transition to an owner-user opportunity in the near future.
The space is currently utilized as a restaurant and includes a 3-way liquor license in the sale, with a newer outdoor patio, along with a newer roof, windows, and doors—helping minimize near-term capital needs. Additional on-site storage offers operational flexibility.
Price: $1,755,000
NOI: $105,347
Cap Rate: 6.0%
Lease Type: Double Net (tenant responsible for insurance, maintenance, and utilities)
Market Highlights:
The Crown Point/Winfield area has seen rapid growth driven by strong residential development, a pro-business environment, and proximity to Chicago. Thousands of new homes have been built within a 3-mile radius, and both towns continue to attract new commercial users. Winfield ranks among Indiana’s fastest-growing communities, while Crown Point has experienced over 15% population growth in the past decade. Demand for quality retail and restaurant space remains strong, with established local concepts continuing to perform—supporting long-term stability and investor interest.
Note: Real estate for sale only, business not included.
Contact broker for a showing.
10685 Randolph St. | 4,505 SF | Doubletree Plaza | Winfield, IN
4,505 SF restaurant property located in Doubletree Plaza, offering flexibility for both investors and future owner-users. The property is currently leased to an established operator, providing in-place income with the ability to transition to an owner-user opportunity in the near future.
The space is currently utilized as a restaurant and includes a 3-way liquor license in the sale, with a newer outdoor patio, along with a newer roof, windows, and doors—helping minimize near-term capital needs. Additional on-site storage offers operational flexibility.
Price: $1,755,000
NOI: $105,347
Cap Rate: 6.0%
Lease Type: Double Net (tenant responsible for insurance, maintenance, and utilities)
Market Highlights:
The Crown Point/Winfield area has seen rapid growth driven by strong residential development, a pro-business environment, and proximity to Chicago. Thousands of new homes have been built within a 3-mile radius, and both towns continue to attract new commercial users. Winfield ranks among Indiana’s fastest-growing communities, while Crown Point has experienced over 15% population growth in the past decade. Demand for quality retail and restaurant space remains strong, with established local concepts continuing to perform—supporting long-term stability and investor interest.
Note: Real estate for sale only, business not included.
Contact broker for a showing.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,505 SF
Building Class
B
Year Built
2003
Price
$1,755,000
Price Per SF
$389.57
Cap Rate
6%
NOI
$105,347
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.08 AC
Zoning
R3
Parking
80 Spaces (17.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-17-04-351-001.000-047 | Total Assessment | $991,400 (2025) |
| Land Assessment | $196,600 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $794,800 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
45-17-04-351-001.000-047
Land Assessment
$196,600 (2025)
Improvements Assessment
$794,800 (2025)
Total Assessment
$991,400 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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10685 Randolph St
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