1307 Calumet Ave, Valparaiso, IN 46383-3629
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.