Flex Space with Overhead
For Sale
$1,300,000
906 Calumet Avenue, Valparaiso, IN 46383
Commercial Sale, Valparaiso, IN
Property Size10,388 SF
Lot Size0.76 Acres
Price / SF$125.14
Days on Market129
Property Features for 906 Calumet Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
5
Parking features
Driveway, Garage, Oversize
Exterior features
Storage
Subdivision
1st Add N Valpo
Directions
Evans ave west to Calumet ave south to property
Standard status
Active
APN
640924202001000004
Size
10,388 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
1ST ADD N VALPO LOTS1-3 & VAC ALLEY EX WLY PT LOT 3
Tax Annual Amount
7046
Legal Description
1ST ADD N VALPO LOTS1-3 & VAC ALLEY EX WLY PT LOT 3
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1969
Additional Structures
Storage
Listing Agency:
Evolution Real Estate Solution
(219) 462-0141
Listed By:
Kenneth Blaney · License #RB14050646
(219) 465-8511
Added: May 31
Changed: Sep 13
Last Checked: Oct 6 at 3:06AM
MLS# 839843
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10,388-square-foot flex property occupies 0.76 acres and combines open commercial space with dedicated office areas. Five large overhead doors support loading, unloading, and workshop operations, while the fenced grounds provide additional yard space. On-site parking includes oversize parking, a garage, and a driveway. The building was constructed in 1969 and is heated by forced air using natural gas.
Located at 906 Calumet Avenue in Valparaiso, Indiana, the property includes public water and public sewer service. Its configuration accommodates warehouse, workshop, storage, and office functions within a single commercial building.
Located at 906 Calumet Avenue in Valparaiso, Indiana, the property includes public water and public sewer service. Its configuration accommodates warehouse, workshop, storage, and office functions within a single commercial building.
Key Highlights
- 10,388‑square‑foot flex building on 0.76 acres
- Five large overhead doors for loading, unloading, or workshop access
- Combination of open workspace and dedicated offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,731
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,234,620
$1.2M
Cap Rate 7%
$881,871
$881.9K
Cap Rate 9%
$685,900
$685.9K
Market Conditions
NOI Build-Up for 10,388 SF
Gross rent
$103.5K $9.96/SF
− Vacancy
−$8.5K −$0.82/SF
EGI
$95.0K $9.14/SF
− OpEx
−$33.2K −$3.20/SF
NOI
$61.7K $5.94/SF
Area
Porter County, IN
Vacancy
8.21%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,234,620
Cap Rate 7%
$881,871
Cap Rate 9%
$685,900
Alternative Uses
Best Use
Flex RnD
$881.9K
$771.6K – $1.03M
NOI $61,731 @ 7.0% cap · market cap 4.75%
Second Best
Warehouse
$716.0K
$626.5K – $835.4K
NOI $50,123 @ 7.0% cap · market cap 3.86%
Theoretical Best
Healthcare Medical
$3.94M
$3.44M – $4.59M
NOI $275,599 @ 7.0% cap · market cap 21.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Beef Mart of Valparaiso — 614 Roosevelt Rd, Valparaiso, IN 46383
Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex property with office areas, open workspace, fenced yard, and truck-accessible loading functionality.
Where is this flex space located?
The property is located at 906 Calumet Avenue Valparaiso, IN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 10,388‑square‑foot flex building on 0.76 acres; Five large overhead doors for loading, unloading, or workshop access; Combination of open workspace and dedicated offices
