9800 Connecticut DrCrown Point, IN 46307

Property Details for 9800 Connecticut Dr

Year built

2005

Construction

TYPE NOT SPECIFIED

Lot size

5.29 AC

Property size (Sq ft)

59,824 SF

Zone code

R33

Property type

Office properties

APN

45-12-34-351-003.000-030

APU

451234351003000030

Description

This Class A, 60,000-square-foot Purdue Technology Center offers flexible office and lab space in Crown Point, Indiana. The building, constructed in 2004, features one two-story building with 4 suites, ranging from 1,393 to 6,945 contiguous square feet. Amenities include a full-service reception area, mailroom, copy machine, kitchen with complimentary coffee, an outdoor picnic area with a gas grill, and three conference rooms available by reservation. Building security cameras ensure a safe environment. The property boasts 188 parking spaces and is situated on a 5.29-acre lot. Office space rents for $25.00 per rentable square foot, while lab space is $38.09 per rentable square foot. A build-out allowance of $55.00 per usable square foot is available. The common area load factor is 22%. High-speed fiber internet connectivity and VoIP phone service are readily available. The building's strategic location within the AmeriPlex at the Crossings business park provides excellent access to I-65 and US Highway 30, offering convenient commutes to Chicago (approximately 30 miles), O'Hare Airport, and Indianapolis. The property benefits from its location in both a Purdue Research Park and an Indiana Certified Technology Park, and is an AT&T Fiber Ready building. The area offers numerous nearby hotels, restaurants, and shopping options. The property is zoned CIS and has an APN of 45-12-34-351-003.000-030. The address is 9800 Connecticut Drive, Crown Point, IN 46307.

• CAP approach

  CAP return

  Valuation

  6%

  $19,225,728

  6.5%

  $17,746,826

  7%

  $16,479,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,792,076

  Geo Method

  $7,792,076

• Alternative Use

  Use

  Valuation

  Residential

  $22,006,064

  Hospitality

  $20,157,438

  Educational

  $16,770,751

  Medical

  $17,347,522

  Retail

  $26,087,834

Location Insight

City

Crown Point

County

Lake

State

Indiana

Latitude

41.4387

Longitude

-87.3331

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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