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    1354 Morthland Dr Valparaiso, IN 46385

    Sponsored
    For Lease
    $18 SF/Yr ($4,500 /Mo)

    High-traffic retail space, ready to lease.

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,600 square foot retail space, located on busy Route 30 in Porter County, presents a fantastic opportunity for a discerning business owner. Boasting excellent visibility and high daily traffic counts (17,000 vehicles daily), this single-tenant property is perfectly positioned for success. The open floor plan offers maximum flexibility for customization, allowing you to create a space that perfectly reflects your brand and operational needs. Features include higher drop ceilings, enhancing the overall aesthetic and functionality. A convenient bathroom is already in place. The total building size is 3,000 square feet, with 1,600 square feet currently available for lease. The property's versatile nature makes it suitable for a variety of commercial uses, including retail, office, or other similar businesses. This prime location offers unparalleled exposure and the potential for significant growth. The property is ready for immediate occupancy and offers a unique chance to establish a thriving business in a high-demand area. Don't miss this exceptional opportunity to secure a prominent location on one of the busiest thoroughfares in the area.

    Property Features for 1354 Morthland Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF
    Total Rate
    4500

    Unit(s) available at that property

    Space
    Size
    1,600 SF
    Rate per SF
    $18

    HighLights

    • 3,000 SF retail/office building in Porter County.
    • Single‑tenant occupancy.
    • 1,600 SF of vacant space available.
    • High‑traffic location on Route 30 (17,000+ cars daily).
    • Open floor plan with high ceilings.
    • Includes a restroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.076411626669
    Latitude
    41.460170221659

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, ready to lease.
    Where is this retail property located?
    The property is located at 1354 Morthland Dr Valparaiso, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 3,000 SF retail/office building in Porter County.; Single-tenant occupancy.; 1,600 SF of vacant space available.
    Request Owner's contact information
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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
    1354 Morthland Dr Valparaiso, IN 46385
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