Office Unit with
New
For Lease
$600/Mo
1203 Formula Drive, Valparaiso, IN 46383
Commercial Lease, Valparaiso, IN
Space SizeContact for details
Lot Size3.11 Acres
Days on Market2
Property Features for 1203 Formula Drive
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Industrial
Parking features
Off Street
Security features
Security Lighting
Subdivision
Blalock Orchard
Lot features
Front Yard, Paved, Landscaped
Directions
From Rte 130/ Lincolnway head North on Roosevelt Rd. go East on Formula Dr. first building on North side before the gate.
Standard status
Active
Size
3,600 SF
Lot size
3.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Legal Description: W 835.8 ft. of Parcel 3 Blalock Orchard
Tax Annual Amount
15217
Legal Description
Legal Description: W 835.8 ft. of Parcel 3 Blalock Orchard
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas, Forced Air
Water source
Public
Amenities
signage opportunities
Building Details
Year built
1975
Listing Agency:
Pinnacle Realty, LLC
(219) 400-2000
Listed By:
Charity Thatcher-Curtis
(219) 617-5933
Added: Sep 4
Last Checked: Sep 5 at 11:06AM
MLS# 844835
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 office property in Valparaiso provides 3,600 square feet on a 3.11-acre parcel. The available office includes a private room and washroom, with space that may accommodate a private waiting area. Central, natural gas, and forced-air heating serve the property, while public water and public sewer are available.
Building signage opportunities are available on the front and roadside elevations. Tenant parking includes five spaces, with off-street parking provided. The property was built in 1975 and has electricity available.
Building signage opportunities are available on the front and roadside elevations. Tenant parking includes five spaces, with off-street parking provided. The property was built in 1975 and has electricity available.
Key Highlights
- 3,600‑square‑foot office property on 3.11 acres
- Private office with washroom
- Signage opportunities on the front and roadside elevations
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 46383, IN
41,981
Population
18,343
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
95%
High-School Grad
87.5 sq mi
ZIP Area
480
Density / Sq Mi
$75,575
Median Household Income
$43,065
Median Earnings
$1,144
Median Rent
$258,400
Median Home Value
Market
Lease Benchmarks for Valparaiso, IN
$22.34 /SF/Yr
Avg Asking Price
$3.66–$42.94 /SF/Yr
Price Range
2,620 SF
Avg Space Size
This space is priced 91% below the average of $22.34 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Private office with a washroom, on-site parking access, and available building signage.
Where is this office units located?
The property is located at 1203 Formula Drive Valparaiso, IN.
What is the lease rate?
The lease rate is $600/Mo.
What are key features of this property?
This property features: 3,600‑square‑foot office property on 3.11 acres; Private office with washroom; Signage opportunities on the front and roadside elevations
