107 E. State Road 231

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Address: 107 W State Rd 231, Crown Point, IN 46307, USA
Chicago & Midwest + Land/Development
Created date: January 19, 2024
Date last updated: September 9, 2026
Price: $449,000Investment Analyzer NEW!
  • Located on the busy SR 231
  • 2 miles east of the Grand Lake County Court House
  • 1 hour to Chicago Loop
  • 1/2 mile west of I-65/SR 231 interchange
  • Across from CVS

Property Description

This is a prime commercial parcel ready for redevelopment as the prior home has been razed. This parcel is zoned B-3 Highway Commercial making this site ideal for medical/professional office or retail development. All utilities available are to the site including sewer and water. 2025 pay 2026 taxes are $251.62. New Franciscan Health Hospital and University of Saint Francis expansion are both located just 1 mile west of this property. It's expected investment is between $227 and $300 million for the hospital and expanded University, Franciscan officials report. 2025 INDOT traffic count on State Road 231 is 16,332 cars/day.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Price: $449,000
Lot Size: 1.95 Acres
Opportunity Zone: No
Property Website Click Here
Address: 107 E. State Road 231, Crown Point, IN 46307, USA
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Step 1Financing Calculation

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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