205 Nickle Plate Avenue, Valparaiso, IN 46383
COMMERCIAL - Valparaiso, IN
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 10:06 am
Property Features for 205 Nickle Plate Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 3
- Parking features
- Driveway
- Exterior features
- Storage
- Basement
- Partially Finished, Walk-Out Access
- Standard status
- Active
- APN
- 640925130012000004
- Size
- 1,750 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PARC IN NW 25-35-6 DESC DR463 P359 .39A COUNCILS ADD PT B BLK28
- Tax Annual Amount
- 3142
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1920
- Additional Structures
- Storage
Listing agent Jennifer Ward License #471012379 (219) 406-1458
Listing office Double Diamond Real Estate LLC 1158 West Lincolnway Suite 2G, VALPARAISO, IN (219) 462-6900
Listing date Jun 8, 2026
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.
HighLights
- 1.57‑acre property including two adjacent parcels at 205 and 205 1/2 Nicke Plate Ave.
- Both parcels are zoned INH (Heavy Industrial) in Valparaiso.
- Ranch house with a walk‑out basement and an enclosed front porch.
- 20x22 pole barn with a new roof.
- Adjacent office building plus a large fenced‑in area.
- Public water and public sewer; driveway parking; storage included; year built 1920.
Overview
The offering covers a total of 1.57 acres, including two adjacent parcels, and both parcels are zoned INH (Heavy Industrial). The description indicates the parcels include 205 and 205 1/2 Nickle Plate Avenue in Valparaiso, Indiana, with the property noted as being about 0.7 miles from historical downtown Valparaiso.
For tenants, owners, or investors looking for an all-in-one configuration, the combination of office space, fenced outdoor area, and structures suitable for storage or light industrial activity can streamline operations on a single combined site. The heavy-industrial zoning may fit businesses requiring flexibility in how they combine an office component with outdoor and storage functions. Due to the presence of multiple structures and parcels, this property may also be considered for redevelopment planning where permitted by applicable approvals.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.8k | $17.04 |
| − Vacancy | −$1.8k | −$1.02 |
| EGI | $28.0k | $16.02 |
| − OpEx | −$7.0k | −$4.00 |
| NOI | $21.0k | $12.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Valparaiso
- County
- Porter
- State
- Indiana
- Longitude
- -87.057929
- Latitude
- 41.460507
