Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2601 Chicago Street B Valparaiso, IN 46383

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $349,900

    Two-story office condo with reception, offices, conference room, kitchenette.

    Type:Commercial/Industrial
    Property size:
    2,731 SF
    Lot size:
    0.17 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    14
    Last Refresh:
    Feb 11 at 10:49 pm

    Property Features for 2601 Chicago Street B

    General Information

    Standard status
    Active
    Size
    2,731 SF
    Lot size
    0.17 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Michael Siwietz
    Michael Siwietz

    Listing agent Michael Siwietz License #RB14041675

    Listing office McColly Real Estate

    Listing date Mar 24, 2026

    Source Exitrealty

    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 McColly Real Estate

    Overview

    Professional Office Condo For Sale

    This is a two-story professional office condo. The layout includes a reception area, two large offices, a conference room, and a kitchenette. A restroom is located on the main floor. The second floor features a 22'11" x 18'5" landing, plus two additional offices. The property size is 2731 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.029393
    Latitude
    41.472232

    Nearby Similar for Sale

    • $375,000
      2,300 SF

      Versatile Commercial Facility on Highway

      2,300 SF building ideal for automotive or light industrial businesses.
      431 E Us Highway 6, Valparaiso, IN 46383
      View Details
    • $449,000
      3,200 SF

      Valparaiso Warehouse in Industrial Park

      3200 sqft warehouse space in a convenient industrial park.
      207 Nickle Plate Avenue, Valparaiso, IN 46383
      View Details
    • $1,100,000
      10,086 SF

      Valparaiso Mixed-Use Commercial Building

      Multi-tenancy building in downtown Valparaiso with restaurant and office suites.
      13 Lincolnway, Valparaiso, IN 46383
      View Details
    • $799,000
      8,054 SF

      Valparaiso Warehouse and Office Space

      8000+ sqft warehouse and office space for sale.
      457 S Campbell Street, Valparaiso, IN 46385
      View Details
    • $1,000,000
      5,596 SF

      Medical Building in Eastport Center

      Single-story medical building with ample parking and flexible layout.
      2802 Leonard Drive, Valparaiso, IN 46383
      View Details
    • $385,000

      Valparaiso Duplex Investment Opportunity

      Duplex in downtown Valparaiso with income potential.
      507 Franklin Street, Valparaiso, IN 46383
      View Details
    • $295,000
      1,600 SF

      Turn-Key Valparaiso Office Condominium

      Professional office condo ideal for owner-occupied service businesses.
      2502 Beech Street, Valparaiso, IN 46383
      View Details
    • $1,800,000
      2,364 SF

      Valparaiso Commercial Property For Sale

      Two-lot commercial property in high-traffic Valparaiso location.
      1003 Calumet Avenue, Valparaiso, IN 46383
      View Details
    • $425,000

      Valparaiso Income Property Near VU

      Fully occupied four-unit property near Valparaiso University.
      255 College Avenue, Valparaiso, IN 46383
      View Details
    • $2,098,999
      13,608 SF

      Two-Story Commercial Building in Valparaiso

      13,000 SF two-story building with development potential.
      808 Vale Park Road, Valparaiso, IN 46383
      View Details
    • $599,000

      Valparaiso Triplex on Large Lot

      Spacious triplex on 1.3 acres near downtown Valparaiso.
      1802 Evans Avenue, Valparaiso, IN 46383
      View Details
    • $449,999

      Valparaiso Mixed-Use Opportunity

      Two-story building near Valparaiso University with mixed-use zoning.
      704 Lincolnway, Valparaiso, IN 46383
      View Details

    FAQs

    What type of property is this?
    Office units - Two-story office condo with reception, offices, conference room, kitchenette.
    Where is this office units located?
    The property is located at 2601 Chicago Street B Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Professional office condo suitable for various business needs.; Includes a reception area, conference room, and kitchenette.; Features four private offices (two on each floor).
    (219) 462-2411
    We can help!
    Listing Contact
    Michael Siwietz
    Michael Siwietz
    Real Estate License ID: RB14041675
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!