10685 Randolph St 4,505 SF Retail Building Crown Point, IN 46307 $1,755,000 ($389.57/SF) 6% Cap Rate

Turn-Key Restaurant Investment Offering 10685 Randolph St. | 4,505 SF | Doubletree Plaza | Winfield
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.