Catylist Listing ID: 30441814
Property Subtypes: Office Building
Building Size (RSF): 1,750 SF
Gross Building Area: See Agent
Sale Price: $249,000
Unit Price: $142.29 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 1,750 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/24/2019

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 lot. This is a pedestrian friendly are with many shops and restaurants.

This income producing property is presently leased to a law firm, under a triple new 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 from the new Crown Point Library.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-16-08-136-000.000-042
Area Description: Located on Main Street in Crown Point, Indiana just north of the square and directly across from the new Crown Point Library.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,630 42,893 91,444
Median Age: 39.48 39.65 38.46
Households: 3,361 16,406 34,396

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