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20.14 Acre Residential Land Parcel
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550 N 50 W, Valparaiso, IN 46385

20.14 acre parcel zoned for rural residential use.

Property SizeContact for details
Lot Size20.14 Acres
Days on Market812

Property Features for 550 N 50 W

General Information

Standard status Active
Lot size 20.14 Acres
Property subtype Land
Listing Agency: NWI Commercial Property Solutions, LLC
Listed By: Michael Lunn · License #IN 44
Source: Crexi
Added: May 23, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:27AM

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 NWI Commercial Property Solutions, LLC

Investment Insights

Based on property information with market context.

This approximately 20.14 acre parcel is located in unincorporated Porter County’s Center Township. The level parcel is currently being farmed and is zoned for rural residential use. Large homes on well and septic, selling in the $450,000 to $1,000,000 price range, would fit the surrounding market residential usage. The property is located at 550 North and 50 West, Valparaiso, IN, 5 minutes West of Downtown Valparaiso and approximately 1 hour drive time to Chicago. The location offers access to local eateries and unique boutiques.

Key Highlights

  • Large +/- 20.14 acre parcel suitable for building a large home.
  • Zoned for rural residential use.
  • Located only 5 minutes West of Downtown Valparaiso.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Law Firm Building Supply HVAC Service Kitchen & Bath Showroom

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

162
Businesses Nearby

Demographics for 46385, IN

41,832
Population
16,071
Households
2.6
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
80.7 sq mi
ZIP Area
518
Density / Sq Mi
$97,208
Median Household Income
$50,582
Median Earnings
$1,225
Median Rent
$305,400
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 20.14 acre parcel zoned for rural residential use.
Where is this residential land & home lot located?
The property is located at 550 N 50 W 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: Large +/- 20.14 acre parcel suitable for building a large home.; Zoned for rural residential use.; Located only 5 minutes West of Downtown Valparaiso.
More about this property
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