5507 E. State Rd. 231, Crown Point, IN 46307
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Indoor Arena
OFF MARKET

5507 E. State Rd. 231
Crown Point, IN 46307

Leroy
  • 6 Beds
  • 4 Baths
  • 4,000 sqft (on 26 acres)
6 Beds
4 Baths
4,000 sqft
(on 26 acres)

Local Information

  • Map ViewExplore the area around 5507 E. State Rd. 231.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1962
Lot Size
26 acres
Living Area
4,000 sqft

Description

Only 23 miles from new HITS Hunter/Jumper venue at Balmoral Park. 23+ acre horse farm perimeter fenced with significant income from combination of boarding and housing rentals. Additional 2+ acre pasture with barn zoned business. Approx. 2 acre lake with large gazebo complex. Crown Point school district. Low taxes. 4 miles from I-65, one hour to Chicago loop. Hundreds of flowers, shrubs and trees. Tree-lined drive with attractive signage. Two wells and four separate utility services. 35 stall main barn with automatic waterers. 11+ additional stalls in arena barn. 13 grass paddocks covering approx. 15 acres. 180' indoor arena with sprinklers. 230' outdoor arena. Huge tack room with 26 boarder lockers. Cross country jumping field. 60' sand round pen. 25'x64' enclosed out-building with stalls, electric, water, feed room and attached paddocks. Parking for 10+ horse trailers. Storage for semi load of shavings and 2000 bales of hay. 25'x64' workshop and storage building. 11'x11' private owner tack room. Custom tools to greatly diminish stall maintenance. Nearby county horse trails. Three residences. 2600 sq. ft. Owner residence with 3 bedrooms and 1.75 baths. 1200 sq. ft. Vaulted great room with huge fireplace. 600 sq. ft. Front porch. 1400 sq. ft. Apartment with 3 bedrooms and 2 custom tiled baths. Mobile home for rental or farmhand. (All measurements approximate.) We have prospective buyers looking for partners. You can purchase 25% ownership in the farm for about what you pay to board 2 horses in NWI or what you pay to board one horse in the Chicago suburbs. Call for details.
5507 E. State Rd. 231, Crown Point, IN 46307 is a 6 bedroom, 4 bathroom, 4,000 sqft multi-family in Leroy, built in 1962. It is currently off market. The Trulia Estimate rent is $1,737/month.

Home Details for 5507 E. State Rd. 231

Property Information

Year Built
Year Built: 1962Year Updated: 2008
Property Type / Style
Property Type: Multi Family

Lot Information

Lot Area: 26.00 acres

Price History for 5507 E. State Rd. 231

DatePriceEventSource
03/24/2021ListingRemovedN/A
09/04/2018$695,000ListingRemovedN/A
11/06/2017$695,000PriceChange
N/A
02/02/2017$735,000PriceChange
N/A
05/31/2016$765,000PriceChange
N/A
06/11/2015$795,000Listed For SaleN/A

Market trends in Crown Point

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$351K
$14.68KMoM
Sale-to-List Price
99.2%
0.1%MoM
Price per sq ft
$173
$3MoM
Available listings
330
24MoM
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Comparable Sales for 5507 E. State Rd. 231

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5750 E 129th Ave, Winfield, IN
1.74
Multi-Family Home
$310,000
11/25/25
2
1
816
2 Maxwell St, Hebron, IN
4.23
Multi-Family Home
$351,000
08/26/25
4
4
-
20 Maxwell St, Hebron, IN
4.19
Multi-Family Home
$425,000
04/23/26
9
5
-
19 Maxwell St, Hebron, IN
4.22
Multi-Family Home
$425,000
04/23/26
9
5
-
136 Meadows Cir #140, Crown Pt, IN
4.41
Multi-Family Home
$347,500
02/26/26
4
4
-
150-154 Meadows Cir, Crown Pt, IN
4.44
Multi-Family Home
$355,000
02/20/26
4
4
-
542 W 650 S, Hebron, IN
5.28
Multi-Family Home
$306,000
11/21/25
5
2
-
100-102 N Ridge St, Crown Pt, IN
6.18
Multi-Family Home
$260,000
02/27/26
4
2
-
138 N Grant St, Crown Point, IN
6.34
Multi-Family Home
$260,000
12/18/25
3
3
-
301 E North St, Crown Point, IN
6.43
Multi-Family Home
$257,500
06/12/26
4
2
-

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Assigned Schools

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Neighborhood Overview

Leroy
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Apartments for Rent

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Explore by feature - Pet Friendly

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Homes for sale near 5507 E. State Rd. 231

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Off Market Homes Near 5507 E. State Rd. 231

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