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    302 Silhavy Rd Valparaiso, IN 46383

    For Sale
    $1,000,000

    3.17 Acres, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.17-acre commercial land parcel in Valparaiso, Indiana, presents a remarkable investment opportunity. Boasting excellent visibility at the northwest interchange of State Road 49 and LaPorte Avenue (State Road 2), this partially wooded lot offers unparalleled access and exposure. The property benefits from convenient access via McGill Drive and the new Buona Beef driveway to John Howell Drive. All utilities are readily available, making it ideal for a variety of professional office or retail developments. Its strategic location places it just one block north of LaPorte Avenue (SR 2), adjacent to established businesses such as TCU Credit and Buona Beef, and within close proximity to a thriving retail corridor featuring Menard's, Target, Best Buy, and more at the Valparaiso Marketplace. The property's proximity to major roadways, including US Highway 30, the Indiana Toll Road, and I-80/94, ensures exceptional connectivity. High daily traffic counts on SR 49 (32,302-32,851 vehicles) further enhance its commercial viability. The 2023 property taxes are $1,323.94. Lot dimensions are irregular, approximately 160' x 1212' x 235' x 1038'. The APN is 64-10-20-154-006.000-029. This is a prime location for businesses seeking high visibility and convenient access in a rapidly growing area. The permitted zoning is General Commercial. The asking price is $1,000,000.

    Property Features for 302 Silhavy Rd

    General Information

    Property type
    Land
    Lot Size
    138,085 SF

    HighLights

    • $1,000,000 asking price for 3.17 acres of commercial land in Valparaiso, IN.
    • Excellent visibility at the SR 49 and SR 2 interchange; partially wooded lot.
    • All utilities available; suitable for office or retail development; access via McGill Drive and a new driveway. 2023 taxes: $1,323.94. Irregular lot dimensions, approximately 160' x 1212' x 235' x 1038'.
    • Located near major retailers such as Menard's, Target, and Best Buy.
    • High traffic counts on SR 49 (32,302‑32,851 vehicles/day).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.027149252354
    Latitude
    41.471001933261

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    FAQs

    What type of property is this?
    Land - 3.17 Acres, High Visibility
    Where is this land located?
    The property is located at 302 Silhavy Rd Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price for 3.17 acres of commercial land in Valparaiso, IN.; Excellent visibility at the SR 49 and SR 2 interchange; partially wooded lot.; All utilities available; suitable for office or retail development; access via McGill Drive and a new driveway. 2023 taxes: $1,323.94. Irregular lot dimensions, approximately 160' x 1212' x 235' x 1038'.
    (219) 795-1100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    302 Silhavy Rd Valparaiso, IN 46383
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