Two-Story Mixed-Use
For Sale
$2,000,000
808 Vale Park Rd, Valparaiso, IN 46383
Banking and hospice operations occupy separate areas, with drive-through lanes serving the banking component.
Property Size13,608 SF
Price / SF$146.97
Days on Market47
Property Features for 808 Vale Park Rd
General Information
Standard status
Active
Size
13,608 SF
Additional Details
Drive-Thru
Yes
Building Details
Year Built
1983
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Seramur Properties, LLC
Listed By:
Alisha Fowler · License #RB16001172
(219) 241-4039
Source:
Realtopiare
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 2:00PM
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 Seramur Properties, LLC
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Investment Insights
Based on property information with market context.
Built in 1983, this two-story mixed-use building accommodates banking and hospice operations within a substantial commercial property. Fifth Third uses 4,093 square feet on the main level, plus 2,485 square feet in the basement, and the banking area includes drive-through lanes. A Hospice Center occupies 4,536 square feet on the second floor.
The property encompasses nearly 2 acres near the intersection of Vale Park and Calumet Avenue in Valparaiso. A new medical center is directly adjacent, while the surrounding North corridor is undergoing extensive redevelopment. The combination of established occupants, multiple interior levels, drive-through infrastructure, and a sizable site creates a varied commercial property profile.
The property encompasses nearly 2 acres near the intersection of Vale Park and Calumet Avenue in Valparaiso. A new medical center is directly adjacent, while the surrounding North corridor is undergoing extensive redevelopment. The combination of established occupants, multiple interior levels, drive-through infrastructure, and a sizable site creates a varied commercial property profile.
Key Highlights
- Nearly 2‑acres near the intersection of Vale Park and Calumet Avenue
- Two‑story building constructed in 1983
- Fifth Third occupies 4,093 square feet plus 2,485 square feet 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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Property Analytics
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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 - Banking and hospice operations occupy separate areas, with drive-through lanes serving the banking component.
Where is this mixed-use property located?
The property is located at 808 Vale Park Rd 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: Nearly 2‑acres near the intersection of Vale Park and Calumet Avenue; Two‑story building constructed in 1983; Fifth Third occupies 4,093 square feet plus 2,485 square feet in the basement
