1703 Calumet Ave Valparaiso, IN 46383-3332
Property profile & analytics
1703 Calumet Ave Valparaiso, IN 46383-3332
- Strip malls
- 11,544 SF
- 1.05 lot acres
Property ID
US31-3505743
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 1703 Calumet Ave
- Year built
- 2018
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.05 lot acres
- Property size
- 11,544 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 64-09-13-401-035.000-004
- APU
- 640913401035000004
Description
This exceptional Class A commercial building, constructed in 2018, offers 11,544 square feet of versatile office space in the heart of Valparaiso. Located at 1703 Calumet Ave, near Glendale, this single-story building sits on a 1.04-acre lot and features five suites, with a large vacant end-cap space of 3,900 square feet immediately available. The minimum divisible space is 1,950 square feet, with a maximum contiguous space of 3,900 square feet. The building boasts a modern design with high ceilings and ample natural light from large windows. Amenities include 49 parking spaces and convenient access via two customer entrances and a rear door. Each suite includes private bathrooms. Previous tenants include a fitness center, highlighting the adaptability of the space. The property is situated in a thriving commercial center alongside CVS and County Market, with other established businesses such as Pinnacle Dermatology, Geitonia Greek Grill, and Nutrition Lounge. The landlord is seeking a five-year lease with a 3% annual escalator. The base rent is $20 per square foot, plus an estimated $7 per square foot for NNN expenses (CAMs, insurance, and taxes). Utilities are the responsibility of the tenant. The landlord is open to negotiating tenant improvement allowances. APN: 640913401035000004.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $550,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $596,000
Market price range: $261k - $597k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $420,000 Current use
- AUTO REPAIR, GARAGE
- $875,000 Change: +109% Conversion: Difficult
- RESTAURANT
- $860,000 Change: +106% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $785,000 Change: +88% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $655,000 Change: +56% Conversion: Easy
- RETAIL STORES
- $635,000 Change: +51% Conversion: Easy
- MEDICAL BUILDING
- $450,000 Change: +8% Conversion: Difficult
- WAREHOUSE, STORAGE
- $450,000 Change: +7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Valparaiso
- County
- Porter
- State
- Indiana
- Longitude
- -87.0523
- Latitude
- 41.4843
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,999
$146,700
$1,156,700
$1,303,400
-
$146,700
$1,156,700
$1,303,400
