Heavy Industrial Property with
205 Nickle Plate Avenue Valparaiso, IN 46383
For Sale
$249,500
COMMERCIAL - Valparaiso, IN
Property Size1,750 SF
Lot Size0.40 Acres
Price / SF$142.57
Days on Market50
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
Walk-Out Access, Partially Finished
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 Agency:
Double Diamond Real Estate LLC
(219) 462-6900
Listed By:
Jennifer Ward · License #471012379
(219) 406-1458
Added: Jun 8
Changed: Jul 13
Last Checked: Jul 27 at 4:06PM
MLS# 840298
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.
Investment Insights
Based on property information with market context.
This heavy industrial property sale includes two adjacent parcels offered together, both zoned INH. The main parcel features a ranch house with a walk-out basement and an enclosed front porch, along with a 20-by-22 pole barn with a new roof.
An adjacent parcel includes an office building and a large fenced-in area, providing a mix of indoor workspace and secure outdoor space on the combined site.
The property is located about 0.7 miles from historical downtown Valparaiso, at 205 Nickle Plate Avenue (includes 205 and 205 1/2 Nickle Plate Ave.).
An adjacent parcel includes an office building and a large fenced-in area, providing a mix of indoor workspace and secure outdoor space on the combined site.
The property is located about 0.7 miles from historical downtown Valparaiso, at 205 Nickle Plate Avenue (includes 205 and 205 1/2 Nickle Plate Ave.).
Key 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.
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 |
1,750 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$300.3K
$262.8K – $350.4K
NOI $21,023 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$198.5K
$173.7K – $231.6K
NOI $13,897 @ 7.0% cap · market cap 5.57%
Theoretical Best
Healthcare Medical
$663.3K
$580.4K – $773.8K
NOI $46,428 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - Two adjacent parcels zoned INH include a ranch home, new-roof pole barn, and an office building with a fenced yard.
Where is this single family property located?
The property is located at 205 Nickle Plate Avenue Valparaiso, IN.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: 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.
