1000 Vale Park Rd Valparaiso, IN 46383
For Sale
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Property summary
This exceptional 1.7-acre commercial lot, identified as Lot 6 of Viking Place, presents a remarkable investment opportunity in Valparaiso, Indiana. Strategically located on Vale Park Road, a major east-west thoroughfare, this property enjoys high visibility and accessibility. The site is situated at the vibrant five-points roundabout intersection of Calumet, Vale Park, and Roosevelt Roads, placing it at the heart of a thriving northside demographic area. Viking Place itself is an 11+-acre development featuring six available lots, with existing infrastructure including entry signage, streets, and curbs already in place, simplifying the development process. The property is zoned for General Commercial use, allowing for a wide range of commercial ventures, including retail, restaurants, banking, medical facilities, general commerce, service industries, grocery stores, and supermarkets. The surrounding area boasts a strong concentration of established businesses, such as a new Starbucks, Family Express, 1st Source Bank, a multi-million dollar YMCA campus, Strack & Van Til Grocery, Burger King, and a 5/3 Bank, along with other regional and national retailers. The asking price for this prime commercial lot is $659,063. Note that lot sales are contingent upon final subdivision and plat approval by the City of Valparaiso, and the final recording of the Declaration of Covenants and Restrictions. This is a rare opportunity to secure a highly desirable commercial property in a rapidly growing area. The property's address is 1000 Vale Park Rd, Valparaiso, IN 46383.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
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