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    275 East Dr Valparaiso, IN 46383

    For Sale
    $525,000

    Prime Residential Land, Valparaiso, IN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 19.54-acre parcel of land is located at 275 East Dr, Valparaiso, Indiana, in Porter County. Currently used as farmland, this nearly level lot presents a significant opportunity for residential development. The property boasts convenient access via city/town and state roads, offering excellent connectivity. Situated directly across from the Lakes of Valparaiso development, a thriving business park and apartment complex, this location benefits from the established infrastructure and amenities of a rapidly growing area. The land is zoned for residential use, and public utilities are readily available, simplifying the development process. No outbuildings are present on the site. All necessary permits for development will be required. The asking price for this expansive property is $525,000. This is a rare opportunity to acquire a substantial tract of land in a desirable location with high potential for residential construction. The property's proximity to the Lakes of Valparaiso development makes it an attractive investment for builders and developers seeking to capitalize on the area's growth. The 46383 zip code offers easy access to local amenities and services.

    Property Features for 275 East Dr

    General Information

    Property type
    Land
    Lot Size
    851,162 SF

    HighLights

    • Nearly level lot, acreage to be determined.
    • Currently used as farmland.
    • High residential development potential.
    • City/Town, State road access.
    • No outbuildings.
    • All permits required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.0366901
    Latitude
    41.4635073

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    FAQs

    What type of property is this?
    Land - Prime Residential Land, Valparaiso, IN
    Where is this land located?
    The property is located at 275 East Dr Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Nearly level lot, acreage to be determined.; Currently used as farmland.; High residential development potential.
    Request Owner's contact information
    275 East Dr Valparaiso, IN 46383
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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
    275 East Dr Valparaiso, IN 46383
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