10
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$1,755,000
Est. payment /mo
4,505 SqFt
Active
10685 Randolph ST Crown Point, IN 46307
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,505 sqft
Price per Sqft $389
Subdivision Town Center
MLS Listing ID 823611
Year Built 2003
Annual Tax Amount $20,998
Tax Year 2024
Lot Size 1.080 Acres
Acres 1.08
Property Sub-Type Retail
Property Description
Turn-Key Restaurant Investment Offering10685 Randolph St. | 4,505 SF | Doubletree Plaza | Crown Point, IN 46307A stabilized, income-producing restaurant property located in Doubletree Plaza--one of Winfield's most active commercial corridors. The 4,505 SF building is leased to a long-standing restaurant operator and includes a liquor license, offering long-term value and stable returns.The property features recent upgrades including a new patio, roof, windows, and doors, along with a large on-site shed for additional storage or operational use. With minimal landlord responsibilities and a NN lease, this asset delivers reliable in-place income and future upside.Lease & Financial Overview:See attached marketing materials under documents for more info.Market Highlights:The Crown Point/Winfield area has seen rapid growth fueled by strong residential development, a pro-business climate, and its proximity to Chicago. Thousands of new homes have been built within a 3-mile radius, and both towns continue to attract new commercial activity. Winfield ranks among Indiana's fastest-growing towns, and Crown Point has experienced a significant population increase in the last decade. Demand for quality retail and restaurant space continues to rise, supporting long-term appreciation.Tenant Strength:The current tenant is an established local operator with a strong following and proven track record. Their continued investment in the space and long-standing presence in the community adds a layer of stability and reliability to the income stream.Contact broker for a showing.
Location
State IN
County Lake
Zoning Commercial
Interior
Heating Central
Fireplace N
Appliance Refrigerator, Water Heater
Exterior
Exterior Feature Other
View Y/N true
View true
Building
Lot Description Landscaped
Schools
School District Crown Point
Others
Tax ID 451704351001000047
Acceptable Financing NRA20250702194018643014000000
Listing Terms NRA20250702194018643014000000
Listed by McColly Real Estate
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