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Property profile & analytics
FOR SALE
Banks

302 Silhavy Rd Valparaiso, IN 46383

2,460 SF 0.94 ac lot Built 2007
Individually Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US31-0199317
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2007
Construction WOOD
Total area 2,460 SF
Lot 0.94 ac (41,164 SF)
APN 64-10-20-153-004.000-029
UPID US31-0199317
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Teachers Cu · 15 yrs held
Teachers Cu
since 2010
1 recorded transaction
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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