
107 E. State Road 231
RETAIL LAND FOR SALE MINUTES TO NEW CROWN POINT HOSPITAL!
Marketing 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.
LOCATION OVERVIEW 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.
Investment highlights
- Sale Price: $449,000
- Price / SF: $5.03
- Price / Acre: $219,024
- Lot Size: 2.05 Acres
- Zoning: B-3
- Taxes: $257.10
- Frontage: 115' on 231
- Utilities: Available
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