Renovated Office Units with Buildout
For Sale
$1,200,000
1910 Calumet Ave, Valparaiso, IN 46383
Renovated office space offers configurable suites, private entrances, restrooms, and gray-shell areas for customized interiors.
Property Size3,382 SF
Price / SF$354.82
Days on Market47
Property Features for 1910 Calumet Ave
General Information
Standard status
Active
Size
3,382 SF
Additional Details
Furnished
No
Highway Access
Yes
Building Details
Year Built
1949
Stories
2
Listing Agency:
Century 21 Alliance Group
Listed By:
Natalie Worstell · License #RB14044010
(219) 928-0759
Source:
Amyboston.realtopiare
Added: Aug 21
Changed: Oct 3
Last Checked: Oct 5 at 7:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Alliance Group
Investment Insights
Based on property information with market context.
Renovated office units total 4,366 square feet, including 3,382 square feet available on the main level. The layout can accommodate smaller or larger suites, with private entrances and restrooms available for a primary user leasing only part of the building. Gray-shell areas are prepared for custom buildouts, while the second-floor space provides storage and may be finished. A new facade, parking, and landscaping complete the property improvements.
The property is located at 1910 Calumet Ave in Valparaiso, Indiana, next to McDonalds and across from Walgreens/CVS and Taco Bell. Schools, parks, and shopping are within a few blocks, with access to SR-49 supporting convenient connectivity. The space is suited to office, health care, specialty group, retail, and restaurant uses identified for the property.
The property is located at 1910 Calumet Ave in Valparaiso, Indiana, next to McDonalds and across from Walgreens/CVS and Taco Bell. Schools, parks, and shopping are within a few blocks, with access to SR-49 supporting convenient connectivity. The space is suited to office, health care, specialty group, retail, and restaurant uses identified for the property.
Key Highlights
- 4,366‑square‑foot renovated office property with 3,382 square feet available on the main level
- Flexible suite configuration with private entrances and restrooms
- Gray‑shell areas ready for custom buildouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,726
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,520
$1.8M
Cap Rate 7%
$1,281,800
$1.3M
Cap Rate 9%
$996,956
$997.0K
Market Conditions
NOI Build-Up for 3,382 SF
Gross rent
$159.1K $47.04/SF
− Vacancy
−$9.5K −$2.82/SF
EGI
$149.5K $44.22/SF
− OpEx
−$59.8K −$17.69/SF
NOI
$89.7K $26.53/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$47.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,520
Cap Rate 7%
$1,281,800
Cap Rate 9%
$996,956
Alternative Uses
Best Use
Healthcare Medical
$1.28M
$1.12M – $1.50M
NOI $89,726 @ 7.0% cap · market cap 7.48%
Second Best
Office B
$580.4K
$507.9K – $677.2K
NOI $40,629 @ 7.0% cap · market cap 3.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,101
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office space offers configurable suites, private entrances, restrooms, and gray-shell areas for customized interiors.
Where is this office units located?
The property is located at 1910 Calumet Ave Valparaiso, IN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,366‑square‑foot renovated office property with 3,382 square feet available on the main level; Flexible suite configuration with private entrances and restrooms; Gray‑shell areas ready for custom buildouts
