Listing Agency: Double Diamond Real Estate LLC

Listed By: Jennifer Ward · License #471012379 Show Phone

Source: Harborcountryhomes

Added: Oct 11 Changed: Oct 30 Last Checked: Oct 30 at 2:05AM

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Investment Insights

Based on property information with market context.

Two adjoining parcels total 1.57 acres and carry INH heavy industrial zoning. Improvements include an office building and a large fenced area. The adjoining parcel also has a ranch-style house with a walk-out basement and porch, plus a 20-by-22-foot pole barn with a recently installed roof.

The property is approximately 0.7 miles from historic downtown Valparaiso, with access to Hwy 30.

Key Highlights

• 1.57 acres across two adjoining parcels
• Both parcels zoned INH heavy industrial
• Office building and large fenced area

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Storage Facility Big Box & Wholesale Store Grocery & Convenience Store Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service

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

1,696

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

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Industrial land - The heavy industrial site includes an office building and a substantial fenced outdoor area.

Where is this industrial land located?

The property is located at 205 1/2 Nickle Plate Avenue Valparaiso, IN.

What is the asking price?

The asking price for this property is $240,000.

What are key features of this property?

This property features: 1.57 acres across two adjoining parcels; Both parcels zoned INH heavy industrial; Office building and large fenced area