Warehouse and Office
457 S Campbell Street Valparaiso, IN 46385
457 S Campbell Street, Valparaiso, IN, 46385
$799,000
Pending
For Sale
$799,000
Pending
COMMERCIAL - Valparaiso, IN
Property Size8,054 SF
Lot Size0.73 Acres
Days on Market344
Property Features for 457 S Campbell Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 20
- Security features
- Security Lighting
- Exterior features
- Storage
- Basement
- Unfinished
- Standard status
- Pending
- APN
- 640925101003000004
- Size
- 8,054 SF
- Lot size
- 0.73 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Legal Description: COUNCILS ADD SW COR BLK 43
- Tax Annual Amount
- 4864
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1926
- Additional Structures
- Storage
Listing agency
Seramur Properties, LLC
(219) 548-8800
Listed by
Dennis Seramur · License #RB14028997
(219) 241-4039
Added: Aug 14, 2025 Updated: Jun 30 at 12:38PM Checked: Jul 23 at 9:06AM
MLS# 825991
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property offers a combined warehouse and office configuration totaling about 8,054 square feet. It includes three warehouse spaces and five commercial office units, providing a mix of industrial and office use within the same building. Units are currently three-quarters rented. The offering may also include a possible sale and lease-back option with the current owner willing to structure the transaction to support ongoing operations.
The property is situated on a 0.73-acre lot at 457 S Campbell Street in Valparaiso, Indiana, in Porter County. Public remarks indicate the parcel is positioned in the middle of future progression, with the city owning surrounding properties and planning development.
For tenants, the split warehouse-and-office layout supports businesses that need both light industrial space and administrative offices. For buyers and investors, the existing multi-unit structure and current partial occupancy may appeal to those looking for a single asset with multiple tenancy components. The stated sale and lease-back willingness can also be relevant for an operator seeking continuity while completing a transaction.
The property is situated on a 0.73-acre lot at 457 S Campbell Street in Valparaiso, Indiana, in Porter County. Public remarks indicate the parcel is positioned in the middle of future progression, with the city owning surrounding properties and planning development.
For tenants, the split warehouse-and-office layout supports businesses that need both light industrial space and administrative offices. For buyers and investors, the existing multi-unit structure and current partial occupancy may appeal to those looking for a single asset with multiple tenancy components. The stated sale and lease-back willingness can also be relevant for an operator seeking continuity while completing a transaction.
Key Highlights
- 8000 sq ft warehouse and office space.
- Includes 3 warehouse spaces and 5 commercial offices.
- Current rental income from existing tenants (3/4 rented).
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $6.00 |
| − Vacancy | −$2.6k | −$0.32 |
| EGI | $45.7k | $5.68 |
| − OpEx | −$6.9k | −$0.85 |
| NOI | $38.9k | $4.83 |
8,054 SF · lease $6.00/SF/yr · vacancy 5.39% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,754 @ 7.0% cap · market cap 12.11%
Second Best
Warehouse
$555.2K
$485.8K – $647.7K
NOI $38,861 @ 7.0% cap · market cap 4.86%
Theoretical Best
Healthcare Medical
$3.05M
$2.67M – $3.56M
NOI $213,677 @ 7.0% cap · market cap 26.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
Similar Off Market Nearby
- Alpha Storage Valparaiso, IN — 1150 West St, Valparaiso, IN 46385
- Pappas Logistics — 150 W Lincolnway, Valparaiso, IN 46383
FAQs
What type of property is this?
Warehouse - Multi-tenant warehouse and office setup with partial occupancy, suited for owner-occupiers or investors.
Where is this warehouse located?
The property is located at 457 S Campbell Street Valparaiso, IN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 8000 sq ft warehouse and office space.; Includes 3 warehouse spaces and 5 commercial offices.; Current rental income from existing tenants (3/4 rented).
