250 N Main Street, Crown Point, IN 46307 (MLS# 839259)

250 N Main Street, Crown Point, IN 46307

$2,399,000

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Property Type: Commercial Sale Square Footage: 12,606 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $2,399,000 List Date: 5/21/2026 Last Modified: 6/26/2026

Overview

Description

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.

Listing Details MLS# 839259

General Property Information

Number Of Units Total: 16
Living Area: 12606
Building Area Source: Assessor
Year Built: 1969
Parking Total: 22
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No
Stories: 3

Property Features

Building Features: Business District Location; Meeting Room; Mixed Use; Multi Tenant Business Type: Mixed; Professional/Office Construction Materials: Brick Cooling: Central Air; Zoned Current Use: Commercial; Investment; Mixed Use; Residential Electric: 200+ Amp Service Heating: Hot Water Listing Terms: Conventional; Other Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Grounds Care; HVAC Maintenance; Insurance; Management; Roof Maintenance; Taxes; Trash Collection; Water Parking Features: Additional Parking; Asphalt; Off Street Possession: Subject To Tenant Rights Possible Use: Commercial; Investment; Residential Rail Availability: None Roof: Shingle Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: All Utilities Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected View: Neighborhood Water Source: Public

Contract Information

Auction YN: No
Original List Price: 2599900
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Owner Name: R & M Property Group LLC
Occupant Type: Tenant

Location Tax and Legal

Street Number: 250
Street Direction Prefix: N
Street Name: Main
Street Suffix: Street
County: Lake
State: IN
Postal Code: 46307
Subdivision Name: Railroad Add To Crown Point

Remarks and Miscellaneous

Public Remarks: 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.

Status Change Information

Major Change Timestamp: 2026-06-24T20:19:16Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-24T20:19:16Z
Status Change Timestamp: 2026-05-21

More Information

Exemption Information

Exemption YN: No

Income and Expenses

Cap Rate: 7
Electric Expense: 800
Gross Income: 213900
Gross Scheduled Income: 234900
Insurance Expense: 3300
Net Operating Income: 161724
Operating Expense: 52176
Trash Expense: 175
Water Expense: 450

Location, Tax, and Legal

Tax Annual Amount: 26019
Tax Year: 2024
Tax Legal Description: PT. SE. (51 X 120 FT.) S.5 T.34 R.8 .13 A.
Parcel Number: 451605460004000042
Additional Parcels YN: No
Township: Center
Directions: 2.5 Blocks North of the Crown Point Square on Main Street.
Census Tract: 430.04

Construction Materials

Brick: Yes

Cooling

Central Air: Yes
Zoned: Yes

Electric

200+ Amp Service: Yes

Heating

Hot Water: Yes

Listing Terms

Conventional: Yes
Other: Yes

Parking Features

Additional Parking: Yes
Asphalt: Yes
Off Street: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

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

View

City: Yes
Neighborhood: Yes

Water Source

Public: Yes

Owner Pays

Common Area Maintenance: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Management: Yes
Roof Maintenance: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

All Utilities: Yes

Current Use

Commercial: Yes
Investment: Yes
Mixed Use: Yes
Residential: Yes

Possible Use

Commercial: Yes
Investment: Yes
Residential: Yes

Building Features

Business District Location: Yes
Meeting Room: Yes
Mixed Use: Yes
Multi Tenant: Yes

Business Type

Mixed: Yes
Professional/Office: Yes

Rail Availability

None: Yes

Listing Office: eXp Realty, LLC

Last Updated: June - 26 - 2026

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