302 Silhavy Rd Valparaiso, IN 46383
For Sale
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This exceptional 3.17-acre commercial land parcel in Valparaiso, Indiana, presents a remarkable investment opportunity. Boasting excellent visibility at the northwest interchange of State Road 49 and LaPorte Avenue (State Road 2), this partially wooded lot offers unparalleled access and exposure. The property benefits from convenient access via McGill Drive and the new Buona Beef driveway to John Howell Drive. All utilities are readily available, making it ideal for a variety of professional office or retail developments. Its strategic location places it just one block north of LaPorte Avenue (SR 2), adjacent to established businesses such as TCU Credit and Buona Beef, and within close proximity to a thriving retail corridor featuring Menard's, Target, Best Buy, and more at the Valparaiso Marketplace. The property's proximity to major roadways, including US Highway 30, the Indiana Toll Road, and I-80/94, ensures exceptional connectivity. High daily traffic counts on SR 49 (32,302-32,851 vehicles) further enhance its commercial viability. The 2023 property taxes are $1,323.94. Lot dimensions are irregular, approximately 160' x 1212' x 235' x 1038'. The APN is 64-10-20-154-006.000-029. This is a prime location for businesses seeking high visibility and convenient access in a rapidly growing area. The permitted zoning is General Commercial. The asking price is $1,000,000.
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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Risks
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