Medical Office Space with Exam
For Sale
$750,000
2801 Leonard Drive, Valparaiso, IN 46383
Commercial Sale, Valparaiso, IN
Property Size3,000 SF
Lot Size1.05 Acres
Price / SF$249
Days on Market92
Property Features for 2801 Leonard Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
21
Interior features
Entrance Foyer, Recessed Lighting, Laminate Counters
Exterior features
Lighting
Appliances
Water Heater
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
Additional Details
Property Use
Medical Office
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), Forced Air, Natural Gas
Water source
Public
Amenities
skylights
lighted signage
Building Details
Year built
2008
Buildings
1
Listing Agency:
Seramur Properties, LLC
(219) 548-8800
Listed By:
Kristen Stemple
(219) 510-2519
Added: Jul 31
Changed: Oct 25
Last Checked: Oct 30 at 1:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,012-square-foot medical office property on 1.05 acres was built in 2008. Its existing plan includes a waiting room, reception area, 6 exam rooms, 1 procedure room, multiple offices, a central lab and nursing station, a conference and break room, a large filing and utility room, and 2 accessible restrooms. A gurney-sized door, 3 skylights, and lighted signs at the front and rear are also in place.
The property has exposure to Rt 49 and access from Rt 30 and Rt 2/LaPorte Ave. Recent equipment updates include 2 high-efficiency commercial-grade HVAC systems and a water heater. The metal roof was installed in 2007 and resealed in 2024; the parking lot is resealed every other year. The existing configuration supports medical, therapeutic, massage, or professional office use. Multi-tenant configuration could be created by adding a front entrance.
The property has exposure to Rt 49 and access from Rt 30 and Rt 2/LaPorte Ave. Recent equipment updates include 2 high-efficiency commercial-grade HVAC systems and a water heater. The metal roof was installed in 2007 and resealed in 2024; the parking lot is resealed every other year. The existing configuration supports medical, therapeutic, massage, or professional office use. Multi-tenant configuration could be created by adding a front entrance.
Key Highlights
- 3,012 square feet on 1.05 acres; built in 2008
- Existing plan includes 6 exam rooms, 1 procedure room, and 2 accessible restrooms
- Access from Rt 30 and Rt 2/LaPorte Ave, with Rt 49 exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,184
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,680
$723.7K
Cap Rate 7%
$516,914
$516.9K
Cap Rate 9%
$402,044
$402.0K
Market Conditions
NOI Build-Up for 3,012 SF
Gross rent
$51.3K $17.04/SF
− Vacancy
−$3.1K −$1.02/SF
EGI
$48.2K $16.02/SF
− OpEx
−$12.1K −$4.00/SF
NOI
$36.2K $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%
$723,680
Cap Rate 7%
$516,914
Cap Rate 9%
$402,044
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Dr. Christopher Keeley — 1259 Sturdy Rd, Valparaiso, IN 46383
- Mc Afee Animal Hospital: Hargarten Andrea DVM — 651 Eastport Center Dr, Valparaiso, IN 46383
- Dr. Steve Violanti — 651 Eastport Center Dr, Valparaiso, IN 46383
- Rafols Danielle DVM — 651 Eastport Center Dr, Valparaiso, IN 46383
- McAfee Animal Hospital — 651 Eastport Center Dr, Valparaiso, IN 46383
Frequently Asked Questions
What type of property is this?
Medical Office Space - A multi-room clinical layout is served by access from Rt 30 and Rt 2/LaPorte Ave.
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 square feet on 1.05 acres; built in 2008; Existing plan includes 6 exam rooms, 1 procedure room, and 2 accessible restrooms; Access from Rt 30 and Rt 2/LaPorte Ave, with Rt 49 exposure
