Valparaiso Corner Building For
801 Lincolnway Valparaiso, IN 46383
For Sale
$429,900
Pending
2,208 SF corner building in downtown Valparaiso.
Property Size2,208 SF
Lot Size0.36 Acres
Days on Market637
Property Features for 801 Lincolnway
General Information
Standard status
Pending
Size
2,208 SF
Lot size
0.36 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1954
Listing Agency:
Listing Leaders
(219) 765-7595
Listed By:
Nikola Trajceski · License #RB19001195
(219) 765-7595
Source:
Exitrealty
Added: Oct 30, 2024
Changed: Jul 6
Last Checked: Jul 28 at 5:31AM
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 Listing Leaders
Investment Insights
Based on property information with market context.
This 2,208 square foot corner building is located at Lincolnway and Garfield Avenue. Currently operating as an auto repair shop, the property includes two standard overhead doors measuring 10 feet by 10 feet, and one large overhead door measuring 12 feet by 14 feet. The layout features a front lobby, a private office, two restrooms, and a utility closet. A fully fenced backyard provides additional space suitable for parking, outdoor storage, or expansion. The property is located in downtown Valparaiso, near restaurants, gas stations, and Route 30. The location benefits from high visibility with an average daily traffic count of over 17,000 in 2023. The property is suitable for auto sales, service, rental, retail, restaurant, parking, and other uses. It is suitable for auto-related businesses or any operation needing secured exterior space.
Key Highlights
- High‑traffic corner location at Lincolnway & Garfield Ave with 17,000+ average daily traffic.
- Versatile 2,208 sq ft building suitable for various businesses.
- Includes two standard and one large overhead door, front lobby, office, two restrooms, and utility closet.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $21.00 |
| − Vacancy | −$1.9k | −$0.88 |
| EGI | $44.4k | $20.12 |
| − OpEx | −$13.3k | −$6.04 |
| NOI | $31.1k | $14.08 |
2,208 SF · lease $21.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$444.2K
$388.7K – $518.2K
NOI $31,094 @ 7.0% cap · market cap 7.23%
Second Best
Industrial
$125.3K
$109.7K – $146.2K
NOI $8,774 @ 7.0% cap · market cap 2.04%
Theoretical Best
Healthcare Medical
$836.8K
$732.2K – $976.3K
NOI $58,579 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Jiffy Lube — 355 Morthland Dr, Valparaiso, IN 46383
- USA Muffler & Brakes — 361 W Morthland Dr, Valparaiso, IN 46383
- Accelerated Cycle Concepts- Valparaiso, Indiana — 103 Morthland Dr #1, Valparaiso, IN 46385
- Power-Pro Auto Electric - Valparaiso Indiana — 103 Morthland Dr #2, Valparaiso, IN 46383
- Definitive Details - Ceramic Pro Ceramic Coatings, Paint Protection Film (PPF) and Window Tint — 357 W Morthland Dr, Valparaiso, IN 46385
Frequently Asked Questions
What type of property is this?
Auto shop - 2,208 SF corner building in downtown Valparaiso.
Where is this auto shop located?
The property is located at 801 Lincolnway Valparaiso, IN.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: High‑traffic corner location at Lincolnway & Garfield Ave with 17,000+ average daily traffic.; Versatile 2,208 sq ft building suitable for various businesses.; Includes two standard and one large overhead door, front lobby, office, two restrooms, and utility closet.
