Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1307 Calumet Ave Valparaiso, IN 46383

    Sponsored
    For Sale
    $350,000

    High-visibility corner lot, endless potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    357
    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

    We can help!

    Listing Contact
    Century 21 Alliance Group

    Learn more

    Property Insight Report
    Property Profile 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

    Nearby Similar for Sale

    • $640,000
      1.30 Acres

      Valparaiso Multifamily Property on Acreage

      Spacious 3-unit property on 1.3 acres in Valparaiso, Indiana.
      1802 Evans Ave, Valparaiso, IN 46383
      View Details
    • $549,000
      1.99 Acres

      Income-Producing Duplex on Two Acres

      Paired ranch on nearly two acres in Jackson Township.
      208 E 650 N, Valparaiso, IN 46383
      View Details
    • $449,999
      0.16 Acres

      Valparaiso Mixed-Use Opportunity

      Two-story building near Valparaiso University with mixed-use zoning.
      704 Lincolnway, Valparaiso, IN 46383
      View Details
    • $1,100,000
      5,596 SF

      Valparaiso Medical Building For Sale

      Single-story medical building in Valparaiso's Eastport Center Commercial Park.
      2802 Leonard Dr, Valparaiso, IN 46383
      View Details
    • $1,800,000
      2,364 SF

      Valparaiso Commercial Property For Sale

      Two-lot commercial property in high-traffic Valparaiso location.
      1003 Calumet Ave, Valparaiso, IN 46383
      View Details
    • $319,000
      Pending

      Valparaiso Three-Unit Income Property

      Vintage 3-unit property near downtown Valparaiso with strong rental history.
      302 Lafayette St, Valparaiso, IN 46383
      View Details
    • $295,000
      1,600 SF

      Turn-Key Office Space in Valparaiso

      Ready-to-go office suite with recent upgrades and flexible storage.
      2502 Beech St, Valparaiso, IN 46383
      View Details
    • New
      $1,100,000
      10,086 SF

      Valparaiso Mixed-Use Commercial Building

      Multi-tenancy building in downtown Valparaiso with restaurant and office suites.
      13 Lincolnway, Valparaiso, IN 46383
      View Details
    • $2,098,999
      13,608 SF

      Two-Story Commercial Building in Valparaiso

      13,000 SF two-story building with development potential.
      808 Vale Park Rd, Valparaiso, IN 46383
      View Details
    • $349,900
      2,731 SF

      Professional Office Condo For Sale

      Two-story office condo with reception, offices, conference room, kitchenette.
      2601 Chicago St, Valparaiso, IN 46383
      View Details
    • $799,000
      8,054 SF

      Valparaiso Warehouse and Office Space

      8000+ sqft warehouse and office space for sale.
      457 S Campbell St, Valparaiso, IN 46385
      View Details
    • $395,000
      1.60 Acres

      Multi-Unit Property on 1.6 Acres

      Income-producing property with expansion potential in Porter County.
      143 N 500 W, Valparaiso, IN 46385
      View Details

    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
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1307 Calumet Ave
    Valparaiso, IN 46383
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Century 21 Alliance Group
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.