107 E. State Road 231

107 E. State Road 231 Crown Point, IN 46307

107 E. State Road 231, Crown Point, IN, 46307
107 E. State Road 231, Crown Point, IN, 46307 107 E. State Road 231, Crown Point, IN, 46307 107 E. State Road 231, Crown Point, IN, 46307 107 E. State Road 231, Crown Point, IN, 46307 107 E. State Road 231, Crown Point, IN, 46307 107 E. State Road 231, Crown Point, IN, 46307 107 E. State Road 231, Crown Point, IN, 46307
FOR SALE
Property Type:
Commercial Land Development
Amount:
$449,000
Last Verified:
Sep 21, 2025

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Highlights

  • 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

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. 2024 pay 2025 taxes are $263.28. 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. 2024 INDOT traffic count on State Road 231 is 16,299 cars/day.

Located on the south side of US 231/SR 8, 1/4 mile east of Broadway, 1/2 mile west of I-65/US 231 interchange, and 5 miles south of US Highway 30. Nearby businesses include CVS, People's Bank, Stracci Law Group, Oak Hill Reiki and Yoga Center, and so much more. Less than 1.5 miles southeast of the Crown Point Sportsplex. 2 miles east of the historic Lake County Courthouse and Crown Point Square with shopping, dining, banking, entertainment and more.


Year Built: 0
Building Size: 0sq ft
Lot Size: 1.95 acres


Documents

107 E. State Road 231, Crown Point IN - Sale Brochure
22-1492 ALTA revision 1 signed.pdf
Development_project_for_CP
CP-Development.pdf
Safest_Towns.pdf
GIS
Crown_Point_Major_Development__-_CP_Hospital.pdf

Map of 107 E. State Road 231, Crown Point, IN, 46307

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.