2502 Roosevelt Rd Valparaiso, IN 46383

This exceptional 1.01-acre commercial-zoned property at 2502 Roosevelt Road, Valparaiso, IN, presents a unique investment opportunity. Currently operating as a residential rental, its zoning allows for diverse commercial uses, including office space, retail, or other ventures. The property's prime location on a high-traffic road ensures excellent visibility and accessibility for any business. The existing building is well-maintained and boasts significant recent upgrades. These include a new roof, newer windows (installed within the last five years), rebuilt exterior stairs (2024), and a complete overhaul of the electrical and plumbing systems, including a new water heater, CO detectors, and smoke alarms (2022). Currently, the property's water supply is connected to 2406 Roosevelt Road, a detail easily addressed by the new owner. The asking price is $189,000. For those seeking even greater expansion potential, the adjacent 1-acre parcel at 2406 Roosevelt Road is also available for purchase from the current owner. Preliminary site plans, not yet submitted for city approval, exist for either a strip mall or a 32-unit apartment complex, showcasing the property's significant development potential. This turnkey property offers unparalleled flexibility and high visibility, making it an ideal investment for entrepreneurs and developers alike.