16 Jefferson St Valparaiso, IN 46383
- Retail space
- 6,698 SF
- 0.06 lot acres
Current Use by Public Records
- Retail space
Property Details for 16 Jefferson St
- Year built
- 1921
- Construction
- WOOD
- Lot size
- 0.06 lot acres
- Property size
- 6,698 SF
- Property type
- Retail space
- APN
- 64-09-24-338-003.000-004
- APU
- 640924338003000004
Description
This exceptional mixed-use property, located at 16 Jefferson Street in the heart of Valparaiso, Indiana, presents a lucrative investment opportunity. Situated just one block from Lincolnway, this high-traffic location boasts three commercial lease units on the main level and two residential lease units upstairs, all currently fully leased. The sale is subject to existing tenant rights. Each residential unit offers two bedrooms and one bathroom, providing comfortable living spaces for tenants. A shared laundry facility and common area basement storage are provided for the convenience of all occupants. The property sits on a 0.06-acre lot. The building's strong performance is reflected in its attractive 6.7% capitalization rate. The owner is responsible for water, sewer, trash, and common area electricity, while tenants cover their individual utility expenses. This turnkey investment offers immediate cash flow and significant potential for future growth in a vibrant downtown setting. The property's prime location and strong tenant occupancy make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a fully leased, mixed-use property in a highly desirable location. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Valparaiso
- County
- Porter
- State
- Indiana
- Longitude
- -87.0605
- Latitude
- 41.4686
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
