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Furnished Office Unit
For Lease
$800/Mo

5 S Washington Street, Valparaiso, IN 46383

Commercial Lease, Valparaiso, IN

Space SizeContact for details
Days on Market368

Property Features for 5 S Washington Street

General Information

Property type Commercial Lease
Property subtype Office
Parking features Off Street, On 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 Natural Gas, Forced Air
Water source Public

Building Details

Year built 1870
Listing Agency: Seramur Properties, LLC
Listed By: Dennis Seramur · License #RB14028997
Added: Sep 15, 2025 Changed: Sep 12 Last Checked: Sep 17 at 8:06PM
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.

This 408-square-foot furnished office unit occupies the third floor and includes two offices plus a conference room that can also serve as a third office. The individual rooms measure 12x9, 12x10, and 10x18, providing a defined arrangement for separate work areas and meetings. Building restrooms are located on the second floor for shared tenant use.

The property was built in 1870 and offers both on-street and off-street parking. Heating is provided by natural gas and forced air, with public water and public sewer serving the building. Water is available, and lighting is included among the exterior features. The tenant is responsible for gas, electricity, phone service, and internet.

Key Highlights

  • 408 SF furnished third‑floor office unit
  • Two offices plus a conference room/third office
  • Room dimensions of 12x9, 12x10, and 10x18

Property Analytics

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Current Use

Office Units

Suggested Use

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

Yes
Utilities to site
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Valparaiso, IN

$20.93 /SF/Yr
Avg Asking Price
$2–$42.94 /SF/Yr
Price Range
3,092 SF
Avg Space Size

This space is priced 12% above the average of $20.93 /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
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Frequently Asked Questions

What type of property is this?
Office units - Third-floor workspace with two offices, a conference room, and access to 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: 408 SF furnished third‑floor office unit; Two offices plus a conference room/third office; Room dimensions of 12x9, 12x10, and 10x18
More about this property
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