Two-Story Mixed-Use
For Sale
$2,000,000
808 Vale Park Rd, Valparaiso, IN 46383
Banking and hospice operations occupy separate areas, with drive-through lanes serving the banking component.
Property Size13,608 SF
Price / SF$146.97
Days on Market25
Property Features for 808 Vale Park Rd
General Information
Standard status
Active
Size
13,608 SF
Additional Details
Drive-Thru
Yes
Building Details
Year Built
1983
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Seramur Properties, LLC
Listed By:
Alisha Fowler · License #RB16001172
(219) 241-4039
Source:
Realtopiare
Added: Sep 12
Changed: Sep 20
Last Checked: Oct 5 at 8:35PM
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 Seramur Properties, LLC
Investment Insights
Based on property information with market context.
Built in 1983, this two-story mixed-use building accommodates banking and hospice operations within a substantial commercial property. Fifth Third uses 4,093 square feet on the main level, plus 2,485 square feet in the basement, and the banking area includes drive-through lanes. A Hospice Center occupies 4,536 square feet on the second floor.
The property encompasses nearly 2 acres near the intersection of Vale Park and Calumet Avenue in Valparaiso. A new medical center is directly adjacent, while the surrounding North corridor is undergoing extensive redevelopment. The combination of established occupants, multiple interior levels, drive-through infrastructure, and a sizable site creates a varied commercial property profile.
The property encompasses nearly 2 acres near the intersection of Vale Park and Calumet Avenue in Valparaiso. A new medical center is directly adjacent, while the surrounding North corridor is undergoing extensive redevelopment. The combination of established occupants, multiple interior levels, drive-through infrastructure, and a sizable site creates a varied commercial property profile.
Key Highlights
- Nearly 2‑acres near the intersection of Vale Park and Calumet Avenue
- Two‑story building constructed in 1983
- Fifth Third occupies 4,093 square feet plus 2,485 square feet in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,717
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,340
$2.5M
Cap Rate 7%
$1,781,671
$1.8M
Cap Rate 9%
$1,385,744
$1.4M
Market Conditions
NOI Build-Up for 13,608 SF
Gross rent
$212.3K $15.60/SF
− Vacancy
−$12.7K −$0.94/SF
EGI
$199.5K $14.66/SF
− OpEx
−$74.8K −$5.50/SF
NOI
$124.7K $9.17/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,340
Cap Rate 7%
$1,781,671
Cap Rate 9%
$1,385,744
Alternative Uses
Best Use
Healthcare Medical
$5.16M
$4.51M – $6.02M
NOI $361,028 @ 7.0% cap · market cap 18.05%
Second Best
Specialty Retail
$3.80M
$3.32M – $4.43M
NOI $265,917 @ 7.0% cap · market cap 13.30%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,182
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Banking and hospice operations occupy separate areas, with drive-through lanes serving the banking component.
Where is this mixed-use property located?
The property is located at 808 Vale Park Rd Valparaiso, IN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Nearly 2‑acres near the intersection of Vale Park and Calumet Avenue; Two‑story building constructed in 1983; Fifth Third occupies 4,093 square feet plus 2,485 square feet in the basement
