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    704 Lincolnway Valparaiso, IN 46383

    Sponsored
    For Sale
    $449,999

    MULTI_FAMILY - Valparaiso, IN

    Lot size:
    0.16 Acres
    Days on Market:
    37
    Last Refresh:
    Jan 6 at 9:06 pm

    Property Features for 704 Lincolnway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Basement, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    640924420002000004
    Parking
    4
    Parking features
    On Street, Alley
    Pets allowed
    Yes
    Interior features
    Entrance Foyer, Walk-In Closet(s), Kitchen Island, Granite Counters
    Exterior features
    Private Yard
    Basement
    Unfinished
    Appliances
    Dishwasher, Refrigerator, Gas Water Heater, Gas Range
    Lot size
    0.16 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2

    McColly Real Estate (219) 864-7200 [email protected]

    Listing agent Wendy Van Denburgh (219) 309-9530

    Listing date Dec 1, 2025

    MLS# 818684 Listing URL

    Copyright © 2025 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.

    Overview

    Valparaiso Mixed-Use Opportunity

    This two-story building, situated close to Valparaiso University and downtown Valparaiso, offers excellent exposure and location. The R/T zoning allows for numerous commercial, professional, residential, or mixed uses. Previously used as a two-unit rental with a two-bedroom unit on each floor, the property is suitable for various retail or service businesses, a real estate office, an attorney's office, Airbnb, and more. It includes private parking in the rear and on-street parking, along with an oversized two-car garage. The lot size is 0.164 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.052084
    Latitude
    41.467507

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story building near Valparaiso University with mixed-use zoning.
    Where is this mixed-use property located?
    The property is located at 704 Lincolnway Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $449,999.
    What are key features of this property?
    This property features: - Excellent location close to Valparaiso University and downtown Valparaiso.; - R/T zoning allows for numerous commercial, professional, residential, or mixed uses.; - Private parking in rear of building plus on-street parking.
    (219) 309-9530
    Request Owner's contact information
    704 Lincolnway Valparaiso, IN 46383
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    Valparaiso, IN 46383
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    704 Lincolnway Valparaiso, IN 46383
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