Property profile

15 Franklin St Valparaiso, IN 46383

FOR LEASE
Office Spaces
Property ID
US31-3517304
17,010 SF 0.4 ac lot Built 1900
Entity Owned 11-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional executive office suite, located at 15 N. Franklin St. in Valparaiso, Indiana, offers 280 square feet of prime space within a larger two-story building. Built in 1990, the building boasts a striking limestone facade and enjoys a highly visible location on Franklin Street. The property features a convenient elevator, a significant advantage in the downtown area, and includes dedicated signage for enhanced visibility. Private parking is also provided, a rare amenity in this desirable location. The suite is part of a multi-tenant building totaling 17,010 square feet. Its central downtown location places it within easy walking distance of the Porter County Courthouse, numerous banks, a variety of restaurants, shopping options, and local parks. This is an ideal opportunity for businesses seeking a prestigious address with excellent accessibility and high visibility in the heart of Valparaiso. The building's location offers unparalleled convenience and access to a vibrant community. The 280 square foot suite is currently vacant and ready for immediate occupancy. The building's two stories provide ample space for multiple tenants, creating a dynamic and thriving business environment. This property presents a unique opportunity to establish a presence in a highly sought-after downtown location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1900
Construction WOOD
Total area 17,010 SF
Lot 0.4 ac (17,424 SF)
APN 64-09-24-338-007.000-004
UPID US31-3517304

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Alternative Medicine Practice
  • Loan Service Bank

Location

15 Franklin St Valparaiso, IN 46383
Valparaiso metro Census 50801 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$1.15M

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
2004
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.8M +2.0%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message