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Downtown Valparaiso Redevelopment Opportunity
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16-18 Indiana Ave, Valparaiso, IN 46383

Prime downtown Valparaiso location with redevelopment potential.

Property Size9,500 SF
Days on Market170

Property Features for 16-18 Indiana Ave

General Information

Standard status Active
Size 9,500 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 9,500 SF

Properties For Sale

at 16-18 Indiana Ave Contact us

2nd Floor Gallery Office

Size
1,800 SF
Type
Creative/Loft
Term
Negotiable
Contact us

2nd Floor Professional Office

Size
2,400 SF
Term
Negotiable
Contact us

Ground Floor Taproom and Restaurant

Size
4,000 SF
Type
Restaurant
Term
60 months
Contact us
Listing Agency: Streetfront Real Estate
Listed By: Ryan Peters · License #RB14047099
Source: Streetfrontre
Added: Mar 6 Changed: Aug 8 Last Checked: Aug 22 at 5:22AM

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 Streetfront Real Estate

Investment Insights

Based on property information with market context.

This property presents an opportunity to be part of an exciting renovation project in downtown Valparaiso. The building, formerly the City Hall, a Fire Station, and a Police Station, is undergoing redevelopment. The landlord is open to working with potential tenants to accommodate various needs, from executive office space to private events. The developer envisions a street-level restaurant or taproom, with the upper level suitable for diverse uses. The property is located in the heart of downtown Valparaiso, directly south of the Court House on the square. Valparaiso University's new downtown bookstore will be located in the same building.

Key Highlights

  • Prime downtown Valparaiso location directly south of the Courthouse on the square.
  • Part of an exciting renovation project in a historic building (former City Hall, Fire Station, and Police Station).
  • Opportunity to be part of a development including Valparaiso University's new downtown bookstore.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store Electrical Service Grocery & Convenience Store Auto Parts Store Storage Facility Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,822
Businesses Nearby

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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Prime downtown Valparaiso location with redevelopment potential.
Where is this retail space located?
The property is located at 16-18 Indiana Ave Valparaiso, IN.
What are key features of this property?
This property features: Prime downtown Valparaiso location directly south of the Courthouse on the square.; Part of an exciting renovation project in a historic building (former City Hall, Fire Station, and Police Station).; Opportunity to be part of a development including Valparaiso University's new downtown bookstore.
More about this property
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