0 Silhavy Rd Valparaiso, IN 46383
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.