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    1307 Calumet Ave Valparaiso, IN 46383

    For Sale
    $350,000

    High-visibility corner lot, endless potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 0.44-acre commercial property at 1307 Calumet Avenue in Valparaiso, Indiana presents a remarkable development opportunity. Boasting a prime corner location with high visibility, this site offers unparalleled potential for a variety of businesses. The property previously housed Wendall's Service Station, a 31x49 foot structure featuring a two-car bay and a combined retail/restroom area. Its strategic location directly across from the Valparaiso Parks Department's Old Fairgrounds provides significant advantages. The park offers a wealth of recreational amenities, including a 3/4-mile walking track, four softball fields, the Flounder & Friends Skatepark, a playground, and the Life Trails System for adults aged 50+. This ensures high foot traffic and visibility for any new development. Importantly, significant environmental remediation has already been undertaken. The seller collaborated with the State of Indiana and IDEM through the Brownfields Program, investing over $1 million to address environmental concerns. Documentation supporting this remediation is available upon request. A Closure/NFA Letter from the Brownfields Program is anticipated shortly. For qualified buyers, a Comfort Letter from Indiana's Brownfields Program can be provided. This property represents a unique chance to capitalize on a desirable location with a clean environmental record and significant potential for future growth. Don't miss this exceptional investment opportunity.

    Property Features for 1307 Calumet Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.05402
    Latitude
    41.48107

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility corner lot, endless potential.
    Where is this commercial real estate located?
    The property is located at 1307 Calumet Ave Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    Request Owner's contact information
    1307 Calumet Ave 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1307 Calumet Ave Valparaiso, IN 46383
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