Smoke Rd Valparaiso, IN
This exceptional 2.26-acre mixed-use property in Valparaiso, Indiana, presents a remarkable investment opportunity. Strategically located on the hard corner of Smoke Road and Indiana Route 2, this site boasts unparalleled visibility and accessibility. The high-intensity commercial (CH) zoning allows for a diverse range of uses, capitalizing on the impressive daily traffic count of approximately 10,000 vehicles. The property features a substantial 575 feet of frontage on Smoke Road and an additional 250 feet of frontage on City View, maximizing exposure. An existing 2200 square foot concrete block building is included, currently in good condition. This building offers ample space, readily adaptable for various commercial needs. The structure is equipped with electricity, gas, heat, and water, and is designed to accommodate an overhead door and a light overhead crane configuration, making it ideal for warehouse or processing operations. Utilities are conveniently located nearby, simplifying setup and operation. This prime location, combined with the existing building and flexible zoning, makes this property an exceptional value at $295,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.