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    Silhavy Rd Valparaiso, IN 46383

    For Sale
    $625,000

    16 Acres, Highway 49 Access, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 16.04-acre commercial land parcel presents a significant development opportunity in Valparaiso, Indiana. Located off Silhavy Road, this nearly level, wooded site boasts convenient access to Highway 49 via the E County Road 400 on/off ramps. Its strategic location places it between Highway 49 and Silhavy Road, directly across from The Lakes of Valparaiso development, a thriving business park and multi-residential community. Currently used as farmland, the property offers diverse development potential, including condominium, commercial, industrial, multi-family, and storage locker facilities. A portion of the land is annexed into Valparaiso, and zoning includes Campus, Rural Residential, and Public Space designations. All necessary permits are required for development. The property features extensive Highway 49 frontage and is ideal for various uses, such as a warehouse or truck stop. The asking price is $625,000, with cash or conventional financing options available. There are no existing outbuildings on the site.

    Property Features for 0 Silhavy Rd

    General Information

    Property type
    Land
    Lot Size
    698,702 SF

    HighLights

    • 16.04‑acre commercial land parcel in Valparaiso, Indiana, listed at $625,000.
    • Nearly level, wooded lot currently used as farmland.
    • Development potential includes condominium, commercial, industrial, multi‑family, and storage uses.
    • Excellent road access via city, county, and state roads, with close proximity to Highway 49.
    • All permits required for development.
    • Financing options include cash and conventional loans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.0271215
    Latitude
    41.4844905

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    FAQs

    What type of property is this?
    Land - 16 Acres, Highway 49 Access, Development Potential
    Where is this land located?
    The property is located at Silhavy Rd Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 16.04-acre commercial land parcel in Valparaiso, Indiana, listed at $625,000.; Nearly level, wooded lot currently used as farmland.; Development potential includes condominium, commercial, industrial, multi-family, and storage uses.
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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
    Silhavy Rd Valparaiso, IN 46383
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