Property profile

1307 Calumet Ave Valparaiso, IN 46383

OFF-MARKET
Auto shops
Property ID
US31-0637078
1,519 SF 0.44 ac lot Built 1950
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.44-acre commercial property at 1307 Calumet Avenue in Valparaiso, Indiana presents a remarkable development opportunity. Boasting a prime corner location with high visibility, this site offers unparalleled potential for a variety of businesses. The property previously housed Wendall's Service Station, a 31x49 foot structure featuring a two-car bay and a combined retail/restroom area. Its strategic location directly across from the Valparaiso Parks Department's Old Fairgrounds provides significant advantages. The park offers a wealth of recreational amenities, including a 3/4-mile walking track, four softball fields, the Flounder & Friends Skatepark, a playground, and the Life Trails System for adults aged 50+. This ensures high foot traffic and visibility for any new development. Importantly, significant environmental remediation has already been undertaken. The seller collaborated with the State of Indiana and IDEM through the Brownfields Program, investing over $1 million to address environmental concerns. Documentation supporting this remediation is available upon request. A Closure/NFA Letter from the Brownfields Program is anticipated shortly. For qualified buyers, a Comfort Letter from Indiana's Brownfields Program can be provided. This property represents a unique chance to capitalize on a desirable location with a clean environmental record and significant potential for future growth. Don't miss this exceptional investment opportunity.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Total area 1,519 SF
Lot 0.44 ac (19,166 SF)
APN 64-09-13-451-010.000-004
UPID US31-0637078

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1307 Calumet Ave Valparaiso, IN 46383-3629
Valparaiso metro Census 50706 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$250k

Owner & transaction history

since 2025
7 recorded transactions
2025
$360,000
2018
Price N/A
2017
Price N/A
2015
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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