Medical Office Building with Exam
New
For Sale
$750,000
2801 Leonard Drive, Valparaiso, IN 46383
SINGLE_FAMILY - Valparaiso, IN
Property Size3,012 SF
Lot Size1.05 Acres
Price / SF$249
Days on Market1
Property Features for 2801 Leonard Drive
General Information
Property type
Residential
Property subtype
Office
Parking
21
Interior features
Entrance Foyer, Recessed Lighting, Laminate Counters
Exterior features
Lighting
Appliances
Dryer, Water Heater, Washer, Refrigerator
Lot features
Back Yard, Paved, Landscaped, Front Yard, Few Trees
Directions
LaPorte Ave to Mariposa Dr, turn south. Turn onto Leonard Dr.
Standard status
Active
APN
641029154001000029
Size
3,012 SF
Lot size
1.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
REPLAT OF LOT 4 EASTPORT CENTRE FOR COMMERCE & INDUSTRY LOT 4A 1.05A TIF
Tax Annual Amount
8705
Legal Description
REPLAT OF LOT 4 EASTPORT CENTRE FOR COMMERCE & INDUSTRY LOT 4A 1.05A TIF
Utilities
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Natural Gas, Forced Air
Water source
Public
Amenities
lighted signage
Building Details
Year built
2008
Listing Agency:
Seramur Properties, LLC
(219) 548-8800
Listed By:
Kristen Stemple
(219) 510-2519
Added: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# 843198
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.
Medical office building totaling 3,012 square feet on a 1.05-acre lot, built in 2008. The interior layout includes a waiting room, reception area, six exam rooms, one procedure room, multiple office spaces, and a central lab/nursing station. Additional rooms include a conference room/break room, a large filing room/utility room, an entrance foyer, and recessed lighting. The property also includes two accessible restrooms, laminate counters, and a large gurney-sized door, with three skylights for natural light.
Updates include two new high-efficiency commercial-grade HVAC systems and a new water heater. The metal roof was installed in 2007 and resealed in 2024. The parking lot has been resealed every other year and is well maintained. Lighted signage is located at the front and rear of the property.
Access is available off Rt 30 as well as Rt 2/LaPorte Ave, with Rt 49 exposure from the backyard.
Updates include two new high-efficiency commercial-grade HVAC systems and a new water heater. The metal roof was installed in 2007 and resealed in 2024. The parking lot has been resealed every other year and is well maintained. Lighted signage is located at the front and rear of the property.
Access is available off Rt 30 as well as Rt 2/LaPorte Ave, with Rt 49 exposure from the backyard.
Key Highlights
- 3,012 SF medical office building on a 1.05‑acre lot built in 2008
- Six exam rooms plus one procedure room, waiting room, reception, and central lab/nursing station
- Two new high‑efficiency commercial‑grade HVAC systems and new water heater
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 | $51.3k | $17.04 |
| − Vacancy | −$3.1k | −$1.02 |
| EGI | $48.2k | $16.02 |
| − OpEx | −$12.1k | −$4.00 |
| NOI | $36.2k | $12.01 |
3,012 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.14M
$998.9K – $1.33M
NOI $79,910 @ 7.0% cap · market cap 10.65%
Second Best
Office B
$516.9K
$452.3K – $603.1K
NOI $36,184 @ 7.0% cap · market cap 4.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building featuring a waiting room, six exam rooms, procedure room, and updated commercial-grade HVAC systems.
Where is this medical office space located?
The property is located at 2801 Leonard Drive Valparaiso, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,012 SF medical office building on a 1.05‑acre lot built in 2008; Six exam rooms plus one procedure room, waiting room, reception, and central lab/nursing station; Two new high‑efficiency commercial‑grade HVAC systems and new water heater
