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16 Jefferson St Valparaiso, IN 46383

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For Sale
$699,900

High-Traffic, Fully Leased Investment

Property Features for 16 Jefferson St

General Information

Property type
Mixed-use properties
Lot Size
2,614 SF

Building Details

Year Built
1921

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Listing Contact
nira

Listing Agency: Seramur Properties, Llc Listing Agent: nira

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional mixed-use property, located at 16 Jefferson Street in the heart of Valparaiso, Indiana, presents a lucrative investment opportunity. Situated just one block from Lincolnway, this high-traffic location boasts three commercial lease units on the main level and two residential lease units upstairs, all currently fully leased. The sale is subject to existing tenant rights. Each residential unit offers two bedrooms and one bathroom, providing comfortable living spaces for tenants. A shared laundry facility and common area basement storage are provided for the convenience of all occupants. The property sits on a 0.06-acre lot. The building's strong performance is reflected in its attractive 6.7% capitalization rate. The owner is responsible for water, sewer, trash, and common area electricity, while tenants cover their individual utility expenses. This turnkey investment offers immediate cash flow and significant potential for future growth in a vibrant downtown setting. The property's prime location and strong tenant occupancy make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a fully leased, mixed-use property in a highly desirable location. Serious inquiries only.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Valparaiso
County
Porter
State
Indiana
Longitude
-87.06046
Latitude
41.46865

FAQs

What type of property is this?
Mixed-use property - High-Traffic, Fully Leased Investment
Where is this mixed-use property located?
The property is located at 16 Jefferson St Valparaiso, IN.
What is the asking price?
The asking price for this property is $699,900.
More about this property
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