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Third-Floor Furnished Office Unit
For Lease
$800/Mo

5 S Washington Street, Valparaiso, IN 46383

COMMERCIAL - Valparaiso, IN

Space SizeContact for details
Days on Market348

Property Features for 5 S Washington Street

General Information

Property type Commercial Lease
Property subtype Office
Parking features On Street, Off Street
Exterior features Lighting
View City
Directions Lincolnway to Washington
Standard status Active
Size 408 SF

Taxes and HOA fees

Tax Year 2024
Tax Description ORIGINAL SURVEY OF VALPO E44 LOT 8 EX 35 E40 BLK 17 .101 A
Legal Description ORIGINAL SURVEY OF VALPO E44 LOT 8 EX 35 E40 BLK 17 .101 A

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1870
Listing Agency: Seramur Properties, LLC
Listed By: Dennis Seramur · License #RB14028997
Added: Sep 15, 2025 Changed: Aug 4 Last Checked: Aug 28 at 8:06AM
MLS# 827782

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.

Third-floor furnished office unit featuring two offices, a conference room, and a third office. The offices measure 12x9, 12x10, and 10x18, respectively, with a conference room included in the suite layout.

Restrooms are located on the second floor and are shareable by building tenants. Tenant is responsible for gas/electricity, phone, and internet. Heating is provided via natural gas forced air. The property includes both off-street and on-street parking and has lighting on the premises.

Built in 1870, the space is served by public water and public sewer. The unit size is approximately 408 square feet.

Key Highlights

  • Third‑floor furnished office suite with two offices, conference room, and a third office
  • Office dimensions include 12x9, 12x10, and 10x18
  • Restrooms located on the second floor and shared by building tenants

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Electrical Service Florist Tanning Salon

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

Lease Details

NNN (Triple Net)
Lease Type
$3.53 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,763
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

Lease Benchmarks for Valparaiso, IN

$21.32 /SF/Yr
Avg Asking Price
$3.66–$42.94 /SF/Yr
Price Range
2,799 SF
Avg Space Size

This space is priced 10% above the average of $21.32 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Third-floor furnished unit with two offices, a conference room, and a third office plus shared building restrooms.
Where is this office units located?
The property is located at 5 S Washington Street Valparaiso, IN.
What is the lease rate?
The lease rate is $800/Mo.
What are key features of this property?
This property features: Third‑floor furnished office suite with two offices, conference room, and a third office; Office dimensions include 12x9, 12x10, and 10x18; Restrooms located on the second floor and shared by building tenants
More about this property
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