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    801 Lincolnway Valparaiso, IN 46383

    Sponsored
    For Sale
    $469,900

    Valparaiso, IN: Versatile 2,208 sq ft building

    Property size:
    2,208 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,208-square-foot commercial property, located at 801 E Lincolnway in Valparaiso, Indiana, presents a unique investment opportunity. Situated on a 0.36-acre lot (15,682 square feet), this building boasts a prime location with high visibility on Lincolnway and Garfield Avenue, benefiting from an average daily traffic count of 17,086 (2023 data). Currently configured as an auto repair shop, the property's versatility allows for a wide range of uses, including auto sales, rentals, service centers, retail, restaurants, or parking facilities. The building features a welcoming front lobby, a private 80-square-foot office, two restrooms, and a utility closet. Access is provided by two 10' x 10' overhead doors and one larger 12' x 14' overhead door, ideal for various business needs. The property includes ample parking for 20 vehicles and benefits from a 200+ amp, 220-volt electrical service with circuit breakers. Its convenient downtown Valparaiso location offers proximity to other businesses, restaurants, gas stations, and Route 30. The property's Commercial zoning ensures flexibility for a variety of business ventures. Built in 1954, this property offers a blend of established infrastructure and significant potential for future growth. The Porter County location, with APN 64-09-24-428-020.000-004, provides easy access to regional transportation networks. This turnkey operation is perfect for an aspiring entrepreneur or an established business seeking a strategic relocation.

    Property Features for 801 Lincolnway

    General Information

    Property type
    Automotive properties
    Square Feet
    2,208 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1954
    Units
    1

    HighLights

    • 200+ Amp, 220‑Volt electrical service with circuit breakers.
    • 80 square foot office.
    • 15,682 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.0512176
    Latitude
    41.468005

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    FAQs

    What type of property is this?
    Automotive property - Valparaiso, IN: Versatile 2,208 sq ft building
    Where is this automotive property located?
    The property is located at 801 Lincolnway Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $469,900.
    What are key features of this property?
    This property features: 200+ Amp, 220-Volt electrical service with circuit breakers.; 80 square foot office.; 15,682 square foot lot.
    Request Owner's contact information
    801 Lincolnway 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
    801 Lincolnway Valparaiso, IN 46383
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