Two-Story Mixed-Use
808 Vale Park Road, Valparaiso, IN 46383
For Sale
$2,000,000
Commercial Sale, Valparaiso, IN
Property Size13,000 SF
Lot Size1.83 Acres
Price / SF$146.97
Days on Market163
Property Features for 808 Vale Park Road
General Information
Property type
Property subtype
Rooms
Parking
Basement
Subdivision
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APN
Size
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Additional Details
Tenant in Place
Taxes and HOA fees
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Tax Annual Amount
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Utilities
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Building Details
Year built
Buildings
Listing Agency:
Seramur Properties, LLC
(219) 548-8800
Listed By:
Alisha Fowler · License IN RB16001172
(219) 508-4142
Added: Jun 1
Changed: Nov 10
Last Checked: Nov 10 at 5:06PM
MLS# 839869
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.
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Investment Insights
Based on property information with market context.
Built in 1983, this two-story mixed-use property contains 13,608 square feet on a 1.83-acre site at 808 Vale Park Road in Valparaiso. The building includes a basement and public water and sewer service.
Fifth Third occupies 4,093 square feet on the main level and has drive-through lanes, with an additional 2,485 square feet in the basement. A Hospice Center uses 4,536 square feet on the second floor. The property is near the Vale Park Road and Calumet Avenue intersection, beside a new medical center, within an area identified for extensive redevelopment.
Fifth Third occupies 4,093 square feet on the main level and has drive-through lanes, with an additional 2,485 square feet in the basement. A Hospice Center uses 4,536 square feet on the second floor. The property is near the Vale Park Road and Calumet Avenue intersection, beside a new medical center, within an area identified for extensive redevelopment.
Key Highlights
- 13,608‑square‑foot, two‑story building on 1.83 acres
- Fifth Third occupies 4,093 square feet with drive‑through lanes
- Additional 2,485 square feet occupied by Fifth Third in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,717
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,340
$2.5M
Cap Rate 7%
$1,781,671
$1.8M
Cap Rate 9%
$1,385,744
$1.4M
Market Conditions
NOI Build-Up for 13,608 SF
Gross rent
$212.3K $15.60/SF
− Vacancy
−$12.7K −$0.94/SF
EGI
$199.5K $14.66/SF
− OpEx
−$74.8K −$5.50/SF
NOI
$124.7K $9.17/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,340
Cap Rate 7%
$1,781,671
Cap Rate 9%
$1,385,744
Alternative Uses
Best Use
Healthcare Medical
$5.16M
$4.51M – $6.02M
NOI $361,028 @ 7.0% cap · market cap 18.05%
Second Best
Specialty Retail
$3.80M
$3.32M – $4.43M
NOI $265,917 @ 7.0% cap · market cap 13.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines banking and hospice occupancy with drive-through lanes.
Where is this mixed-use property located?
The property is located at 808 Vale Park Road Valparaiso, IN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 13,608‑square‑foot, two‑story building on 1.83 acres; Fifth Third occupies 4,093 square feet with drive‑through lanes; Additional 2,485 square feet occupied by Fifth Third in the basement
