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    550 50 Valparaiso, IN 46385

    Sponsored
    For Sale
    $750,000

    20 Acres, Rural Residential Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 20.14-acre parcel presents a unique investment opportunity in Porter County's Center Township, Indiana. Currently used for farming, the land is zoned for rural residential use, offering flexibility for various development scenarios. Its level topography makes it ideal for a range of projects. The property's location offers convenient access to the amenities of downtown Valparaiso, approximately 5 minutes away, while still providing a tranquil rural setting. Nearby large lots, selling in the $450,000 to $1,000,000 range, support the potential for significant returns. The property's proximity to Chicago (approximately a one-hour drive) adds to its appeal. The asking price is $750,000. This prime location, combined with its versatile zoning and desirable features, makes this a compelling investment prospect for those seeking a blend of rural charm and urban convenience. The address is 550 N 50 W, Valparaiso, IN 46385.

    Property Features for 550 50

    General Information

    Property type
    Farms

    HighLights

    • 20.14‑acre parcel in Center Township, Porter County, Indiana.
    • Zoned for rural residential use, currently farmland.
    • Level topography suitable for various development projects.
    • Convenient access to downtown Valparaiso (approx. 5 minutes) and Chicago (approx. 1 hour).
    • Comparable nearby lots sell for $450,000 - $1,000,000.
    • Asking price: $750,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Building Supply Gym & Fitness Kitchen & Bath HVAC Service Plumbing Service Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.075717087156
    Latitude
    41.51426998601

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    FAQs

    What type of property is this?
    Farm - 20 Acres, Rural Residential Zoning
    Where is this farm located?
    The property is located at 550 50 Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 20.14-acre parcel in Center Township, Porter County, Indiana.; Zoned for rural residential use, currently farmland.; Level topography suitable for various development projects.
    Request Owner's contact information
    550 50 Valparaiso, IN 46385
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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
    550 50 Valparaiso, IN 46385
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