Property profile

1615 Calumet Ave Valparaiso, IN 46383

OFF-MARKET
Strip malls
Property ID
US31-0197094
10,820 SF 1.04 ac lot Built 1999
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail space, located within the vibrant Calumet Station shopping center, offers a fantastic opportunity for businesses seeking high visibility and convenient access. The available suite, Suite D, boasts 1,200 square feet of adaptable space, perfect for a variety of retail uses. Features include a large open area ideal for showcasing products or services, a prominent storefront window for maximum exposure, a private office for administrative tasks, a restroom, and a convenient back room suitable for storage. The space is part of a larger 10,820 square foot building with multiple tenants, including Rent A Center, New Dragon Restaurant, LA Tan, and Smoochie Pooch, creating a synergistic and thriving retail environment. The property enjoys a strategic location between Evans and Glendale Boulevard, providing excellent accessibility and high foot traffic. Nearby amenities include Town & Country Food Market, CVS, Valparaiso Animal Hospital, Walgreens, Fairgrounds Park, Auto Zone, Kentucky Fried Chicken, McDonald's, and Centier Bank, ensuring a strong customer base. The property's convenient location is also a short distance from major roadways, including Vale Park Road, W. Lincoln Highway, and S.R. 49, as well as Valparaiso University. The lease rate is $5.05 per square foot, NNN, which includes water. Utilities and janitorial services are the responsibility of the tenant. A minimum of 1,200 square feet is available, with a total of 2,400 square feet currently vacant within the building. Don't miss this chance to establish your business in a thriving retail hub.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Construction TYPE NOT SPECIFIED
Total area 10,820 SF
Lot 1.04 ac (45,302 SF)
APN 64-09-13-401-013.000-004
UPID US31-0197094

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
  • Tanning Salon
  • Restaurant
  • Restaurant
  • Charitable Organization
  • Pet Grooming Service

Location

1615 Calumet Ave Valparaiso, IN 46383-3135
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
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2020
3 recorded transactions
2020
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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