Office Unit with Overhead
For Sale
$295,000
2502 Beech Street, Valparaiso, IN 46383
Commercial Sale, Valparaiso, IN
Property Size1,600 SF
Lot Size0.19 Acres
Price / SF$184.38
Days on Market287
Property Features for 2502 Beech Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
4
Parking features
Garage, Off Street
Security features
Security System
Interior features
Entrance Foyer, Laminate Counters, High Ceilings
Exterior features
Lighting, Rain Gutters
Appliances
Refrigerator
Subdivision
Beech Center Condos
Lot features
Landscaped, Near Public Transit, Paved
Directions
From LaPorte Ave, north on Silhavy Rd to Beech St. West on Beech St - located on South Side of street.
Standard status
Active
APN
641019278003000004
Size
1,600 SF
Lot size
0.19 Acres
Additional Details
Property Use
Office
Condition
Turnkey
Taxes and HOA fees
Tax Year
2025
Tax Description
BEECH CENTER COMMERCIAL CONDOS UNIT 3 TIF
Tax Annual Amount
3212
Legal Description
BEECH CENTER COMMERCIAL CONDOS UNIT 3 TIF
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Water source
Public
Building Details
Year built
2005
Listing Agency:
REMAX County Wide 1st · RE/MAX International
(219) 809-6088
Listed By:
Alison Taylor
(219) 671-2898
Added: Jan 14
Changed: Oct 26
Last Checked: Oct 28 at 1:06PM
MLS# 832815
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.
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Investment Insights
Based on property information with market context.
This professional office unit contains approximately 1,600 square feet arranged with an entrance foyer, reception area, private office, conference or workroom space, kitchenette, restroom, and finished storage. A 9' x 9' overhead door adds a practical feature for deliveries, equipment storage, or other office-related operational needs. Interior details include laminate counters and high ceilings, with central natural gas heating and public water and sewer service.
The property is located in the Beech Center business corridor of Valparaiso at 2502 Beech Street. The professionally managed association includes 10 office condominium units and handles exterior and common-area maintenance. Recent improvements to the complex include work on the parking lot, roof, exterior paint, and lighting. The unit will be delivered fully vacant at closing, and the property includes off-street parking and garage parking.
The property is located in the Beech Center business corridor of Valparaiso at 2502 Beech Street. The professionally managed association includes 10 office condominium units and handles exterior and common-area maintenance. Recent improvements to the complex include work on the parking lot, roof, exterior paint, and lighting. The unit will be delivered fully vacant at closing, and the property includes off-street parking and garage parking.
Key Highlights
- Approximately 1,600 square feet of office space
- 9' x 9' overhead door serving the finished storage area
- Reception, private office, conference/workroom, kitchenette, restroom, and foyer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,221
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,420
$384.4K
Cap Rate 7%
$274,586
$274.6K
Cap Rate 9%
$213,567
$213.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$27.3K $17.04/SF
− Vacancy
−$1.6K −$1.02/SF
EGI
$25.6K $16.02/SF
− OpEx
−$6.4K −$4.00/SF
NOI
$19.2K $12.01/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,420
Cap Rate 7%
$274,586
Cap Rate 9%
$213,567
Alternative Uses
Best Use
Office B
$274.6K
$240.3K – $320.4K
NOI $19,221 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$606.4K
$530.6K – $707.5K
NOI $42,449 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant at closing, the suite offers reception, private office, conference space, kitchenette, restroom, and finished storage.
Where is this office unit located?
The property is located at 2502 Beech Street Valparaiso, IN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 1,600 square feet of office space; 9' x 9' overhead door serving the finished storage area; Reception, private office, conference/workroom, kitchenette, restroom, and foyer
