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OFF-MARKET
Specialty properties

127 Hwy Valparaiso, IN 46383

60,000 SF 22.5 ac lot Built 2006
Property ID
Property summary
AI-generated overview

This exceptional 60,000-square-foot sports and training complex, built in 2006, sits on a 22.5-acre lot at the high-traffic intersection of US Highway 6 and State Road 49 in Valparaiso, Indiana. The single-story steel-framed building features 32-foot ceilings and includes four regulation-size basketball courts, a large gymnastics and cheerleading area, 3,740 square feet of office space, restrooms, a concession area, and a pro shop. The property also boasts an 8,000-square-foot grass playing field and ample parking for 275 vehicles. An additional 12 acres of surplus land presents significant expansion opportunities. The CH High Intensity Commercial zoning allows for diverse commercial, industrial, and institutional uses, making this a prime candidate for repurposing or expansion. The property's strategic location offers easy access to Interstates 90, 94, and 65, placing it within convenient reach of Valparaiso, Chesterton, South Bend, Chicago, and Indianapolis. The 2023 revenue was $997,400. Parcel numbers are 64-07-19-301-003.000-006 and 64-07-19-351-006.000-006. The asking price is $6,000,000.

Property profile
Verified
Property type Specialty properties
Year built 2006
Total area 60,000 SF
Lot 22.5 ac (980,100 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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