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Five-Unit Mixed-Use Property
For Sale
Contact for pricing
Pending

458 Morthland Drive, Valparaiso, IN 46383

Individual units include private restrooms, rear exits, and separate mechanical systems.

Property SizeContact for details
Days on Market142

Property Features for 458 Morthland Drive

General Information

Standard status Pending
Property subtype Office, Retail
Listing Agency: Century 21 Executive Realty Valparaiso
Listed By: Mildred Hartley · License #IN
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 5:46PM

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 Century 21 Executive Realty Valparaiso

Investment Insights

Based on property information with market context.

This mixed-use property contains five separate units, with four currently leased. Each unit is configured with its own restroom, rear exit, and mechanical systems, supporting distinct occupancy arrangements within the building. Recent improvements include new rear decks and a new mansard roof.

The property is located at 458 Morthland Drive in Valparaiso, Indiana, with access from Route 30. Its unit-by-unit configuration and completed exterior updates provide a straightforward commercial layout for continued multi-tenant use.

Key Highlights

  • Five units, with 4 currently leased
  • Each unit has its own restroom, rear exit, and mechanical systems
  • New decks installed at the rear of the property

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Garden Center Storage Facility Grocery & Convenience Store Food Market Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

970
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Individual units include private restrooms, rear exits, and separate mechanical systems.
Where is this mixed-use property located?
The property is located at 458 Morthland Drive Valparaiso, IN.
What are key features of this property?
This property features: Five units, with 4 currently leased; Each unit has its own restroom, rear exit, and mechanical systems; New decks installed at the rear of the property
More about this property
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