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    Smoke Rd Valparaiso, IN 46385

    Sponsored
    For Sale
    $295,000

    High-traffic corner lot, ideal for various uses

    Property size:
    960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2.26-acre commercial property in Valparaiso, Indiana, is priced at $295,000. Located on the hard corner of Smoke Road and Indiana Route 2, with a stoplight, it boasts 575 feet of frontage on Smoke Road and 250 feet on City View. Zoned CH (High Intensity Commercial), this site offers excellent visibility and accessibility, with exposure to approximately 10,000 vehicles daily. The property includes a 960 square foot concrete block building in good condition, featuring utilities (electricity, gas, heat, and water), space for an overhead door, and potential for a light overhead crane. The building's versatile design makes it suitable for a range of uses, including warehouse, processing area, or office space. Its prime location and zoning make it attractive for various commercial ventures, such as car lots, car washes, convenience stores, flex spaces, gas stations, medical offices, restaurants, retail businesses, or mixed-use developments. Utilities are readily available. The property's 46385 zip code and Porter County location provide easy access to Indiana Route 2, further enhancing its appeal to a wide array of potential buyers.

    Property Features for 0 Smoke Rd

    General Information

    Property type
    Land
    Square Feet
    960 SF
    Lot Size
    98,446 SF

    HighLights

    • 2.26‑acre commercial lot in Valparaiso, IN, priced at $295,000.
    • High‑visibility corner lot (Smoke Road & IN‑2) with a traffic signal, offering 575' of frontage on Smoke Road and 250' on City View.
    • CH (High‑Intensity Commercial) zoning, excellent access, and daily traffic count of approximately 10,000 vehicles.
    • Includes a 960 sq ft concrete block building with utilities (electricity, gas, heat, water), overhead door space, and potential for a light overhead crane.
    • Suitable for various uses including warehouse, office, retail, and restaurant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.0656066
    Latitude
    41.3996894

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ideal for various uses
    Where is this land located?
    The property is located at Smoke Rd Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 2.26-acre commercial lot in Valparaiso, IN, priced at $295,000.; High-visibility corner lot (Smoke Road & IN-2) with a traffic signal, offering 575' of frontage on Smoke Road and 250' on City View.; CH (High-Intensity Commercial) zoning, excellent access, and daily traffic count of approximately 10,000 vehicles.
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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
    Smoke Rd Valparaiso, IN 46385
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