Listing Agency: Century 21 Alliance Group

Listed By: Nicholas Sommer · License #RB14050981 Show Phone

Source: Compass

Added: Dec 24, 2024 Changed: Sep 10 Last Checked: Sep 10 at 11:26AM

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Investment Insights

Based on property information with market context.

This commercial land presents an investment opportunity, priced at an 8% CAP Rate. The property serves as the exclusive water source for Mallards Pointe Subdivision. It features a monthly rental income and has no HOA dues. The lot cannot be built or developed residentially and is strictly an investment property.

Key Highlights

• Exclusive water source for Mallards Pointe Subdivision
• Priced at an attractive 8% CAP Rate
• Attractive monthly rental income

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Law Firm Hair Salon Pharmacy

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

34

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Commercial land serving as exclusive water source for subdivision.

Where is this commercial land located?

The property is located at 792 Merganser Lane Valparaiso, IN.

What is the asking price?

The asking price for this property is $125,000.

What are key features of this property?

This property features: Exclusive water source for Mallards Pointe Subdivision; Priced at an attractive 8% CAP Rate; Attractive monthly rental income