10685 Randolph Street, Crown Point, IN 46307 (MLS# 823611)

10685 Randolph Street, Crown Point, IN 46307

$1,755,000

Property Type: Commercial Sale Square Footage: 4,505 Lot Size (sq. ft.): 47,045 Status: Active

Current Price: $1,755,000 List Date: 7/02/2025 Last Modified: 3/31/2026

Overview

Description

Turn-key restaurant investment or owner-user opportunity in Doubletree Plaza, Winfield/Crown Point. This 4,505 SF property is currently leased to an established operator, providing in-place income with the potential for owner-user occupancy in the near future. The property includes a 3-way liquor license in the sale and features a newer outdoor patio, along with a newer roof, windows, and doors. Additional on-site storage offers operational flexibility. NN lease structure with tenant responsible for insurance, maintenance, and utilities. Located in a high-growth area with strong surrounding residential development and continued commercial activity, supporting long-term demand for retail and restaurant space. Real estate for sale only; business and certain personal property not included. Contact broker for a additional details or a showing.

Listing Details MLS# 823611

General Property Information

Number Of Units Total: Yes
Living Area: 4505
Building Area Source: Public Records
Year Built: 2003
Parking Total: 70
Lot Size Acres: 1.08
Lot Size Square Feet: 47044.8
Lot Size Source: Public Records
Waterfront YN: No
Basement YN: No
Stories: Yes

Property Features

Appliances: Refrigerator; Water Heater Building Features: Commercial Park Location; Patio; Private Restrooms Business Type: Bar/Tavern/Lounge; Restaurant; Retail Construction Materials: Brick Cooling: Central Air Current Use: Commercial; Retail Electric: 200+ Amp Service Exterior Features: Other Heating: Central Listing Terms: Cash; Contract; Conventional; Other Lock Box Information: Call Listing Office Lot Features: Landscaped Owner Pays: Taxes Possession: Subject To Tenant Rights Possible Use: Commercial; Investment; Office; Retail Rail Availability: None Roof: Other Sewer: Public Sewer Special Licenses: Liquor Special Listing Conditions: Standard Tenant Pays: All Utilities; Common Area Maintenance; Electricity; Insurance; Other Tax; Sewer; Water Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 1755000
Property Sub Type: Retail
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 10685
Street Name: Randolph
Street Suffix: Street
County: Lake
State: IN
Postal Code: 46307
Subdivision Name: TOWN CENTER

Remarks and Miscellaneous

Public Remarks: Turn-key restaurant investment or owner-user opportunity in Doubletree Plaza, Winfield/Crown Point. This 4,505 SF property is currently leased to an established operator, providing in-place income with the potential for owner-user occupancy in the near future. The property includes a 3-way liquor license in the sale and features a newer outdoor patio, along with a newer roof, windows, and doors. Additional on-site storage offers operational flexibility. NN lease structure with tenant responsible for insurance, maintenance, and utilities. Located in a high-growth area with strong surrounding residential development and continued commercial activity, supporting long-term demand for retail and restaurant space. Real estate for sale only; business and certain personal property not included. Contact broker for a additional details or a showing.

Status Change Information

Major Change Timestamp: 2025-07-02T22:38:32Z
Major Change Type: New Listing
Status Change Timestamp: 2025-07-02

More Information

Building Features

Building Dimensions: 85'x53'
Commercial Park Location: Yes
Patio: Yes
Private Restrooms: Yes

Exemption Information

Exemption YN: No

Income and Expenses

Cap Rate: 6
Net Operating Income: 105347
New Taxes Expense: 21998
Total Actual Rent: 127345

Showing Requirements

Showing Instructions: By appointment only.

Location, Tax, and Legal

School District: Crown Point
Tax Annual Amount: 21998
Tax Year: 2024
Tax Legal Description: TOWN CENTER SUBDIVISION LOT 574
Parcel Number: 451704351001000047
Zoning Description: Commercial
Township: Winfield
Directions: From I-65 and Route 30: Go west on Route 30, turn left on Taft (IN-55), then right on Randolph. The property is about half a mile down on the left.

Appliances

Refrigerator: Yes
Water Heater: Yes

Construction Materials

Brick: Yes

Cooling

Central Air: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Other: Yes

Heating

Central: Yes

Listing Terms

Cash: Yes
Contract: Yes
Conventional: Yes
Other: Yes

Lock Box Information

Call Listing Office: Yes

Lot Features

Landscaped: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Other: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

City: Yes

Water Source

Public: Yes

Owner Pays

Taxes: Yes

Tenant Pays

All Utilities: Yes
Common Area Maintenance: Yes
Electricity: Yes
Insurance: Yes
Other Tax: Yes
Sewer: Yes
Water: Yes

Current Use

Commercial: Yes
Retail: Yes

Possible Use

Commercial: Yes
Investment: Yes
Office: Yes
Retail: Yes

Business Type

Bar/Tavern/Lounge: Yes
Restaurant: Yes
Retail: Yes

Rail Availability

None: Yes

Special Licenses

Liquor: Yes

Listing Office: McColly Real Estate

Last Updated: March - 31 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Why Create a Portal account?