1703 Calumet Ave Valparaiso, IN 46383-3332
For Lease
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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.
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
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Property description
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Risks
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