Log In/Sign Up
Your email has been sent.
South Building 250 N Main St 12,430 SF 89% Leased Office Building Crown Point, IN 46307 $2,599,900 ($209.16/SF) 6.22% Cap Rate
Investment Highlights
- Excellent Condition
- Unbeatable Location
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
12,430 SF
Building Class
B
Year Built
1969
Price
$2,599,900
Price Per SF
$209.16
Cap Rate
6.22%
NOI
$161,724
Percent Leased
89%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,143 SF
Slab To Slab
10’
Building FAR
2.04
Lot Size
0.14 AC
Zoning
B-2
Parking
20 Spaces (1.61 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Individual office with utilities included, shared conference room, and kitchenette.
Individual office with utilities included, shared conference room, and kitchenette.
This suite includes two exam rooms with plumbing, conference room, kitchenette, private restroom.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 11G | 100 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 11H | 185 SF | Office | Full Build-Out | Now |
| 2nd Floor | 1,100 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 11G
| Size |
| 100 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 11H
| Size |
| 185 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,100 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 11G
| Size | 100 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Individual office with utilities included, shared conference room, and kitchenette.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 11H
| Size | 185 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Individual office with utilities included, shared conference room, and kitchenette.
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 1,100 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
This suite includes two exam rooms with plumbing, conference room, kitchenette, private restroom.
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45-16-05-460-004.000-042 | Improvements Assessment | $1,033,200 |
| Land Assessment | $82,300 | Total Assessment | $1,115,500 |
Property Taxes
Parcel Number
45-16-05-460-004.000-042
Land Assessment
$82,300
Improvements Assessment
$1,033,200
Total Assessment
$1,115,500
1 of 53
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
South Building | 250 N Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.