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Freestanding Retail Building
For Lease
$2,400/Mo

755 W Chicago Street, Valparaiso, IN 46385

Commercial Lease, Valparaiso, IN

Space Size1,447 SF
Lot Size0.10 Acres
Days on Market477

Property Features for 755 W Chicago Street

General Information

Property type Commercial Lease
Property subtype Retail
Zoning description Commercial
Parking features Driveway
Exterior features Private Yard
Lot features Back Yard
Directions Right off of Lincolnway on Chicago Street.
Standard status Active
APN 640923430002000004
Size 1,477 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description WEST VALPO E48 LOT 2 BLK 4 EX NE COR TOSTATE
Tax Annual Amount 3506
Legal Description WEST VALPO E48 LOT 2 BLK 4 EX NE COR TOSTATE

Utilities

Sewer type Public Sewer
Heating system Central
Water source Public

Amenities

detached garage
fenced yard

Building Details

Year built 1880
Listing Agency: StreetFront, LLC
Listed By: Ryan Peters · License #RB14047099
Added: Jun 18, 2025 Changed: Sep 5 Last Checked: Oct 7 at 7:06PM
MLS# 822785

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 freestanding two-story commercial building at 755 W Chicago Street offers a flexible arrangement for retail or office use. The first floor includes three rooms, a kitchen, and a bathroom, while two additional rooms are located upstairs. The property also includes a detached garage and a fenced yard on a 0.1-acre lot.

Positioned just south of downtown Valparaiso in the Central Place District, the property is served by public water and public sewer. Central heating and driveway parking are included, providing practical features for a range of commercial occupants.

Key Highlights

  • Two‑story freestanding building suitable for retail or office use
  • Three first‑floor rooms, kitchen, and bathroom
  • Two additional rooms on the upper level

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market Catering Service Electrical Service

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

Single-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.93 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,113
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Valparaiso, IN

$24.57 /SF/Yr
Avg Asking Price
$17–$37 /SF/Yr
Price Range
4,948 SF
Avg Space Size

This space is priced 21% below the average of $24.57 /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?
Retail space - Flexible two-story layout with multiple rooms, a kitchen, bathroom, detached garage, and fenced yard.
Where is this retail space located?
The property is located at 755 W Chicago Street Valparaiso, IN.
What is the lease rate?
The lease rate is $2,400/Mo.
What are key features of this property?
This property features: Two‑story freestanding building suitable for retail or office use; Three first‑floor rooms, kitchen, and bathroom; Two additional rooms on the upper level
More about this property
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