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    Property profile & analytics

    302 Silhavy Rd Valparaiso, IN 46383

    • Banks
    • 2,460 SF
    • 0.94 lot acres
    For Sale
    View listing
    $1,000,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-0199317
    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.

    Current Use by Public Records

    • Banks

    Property Details for 302 Silhavy Rd

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.94 lot acres
    Property size
    2,460 SF
    Property type
    Banks
    APN
    64-10-20-153-004.000-029
    APU
    641020153004000029

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.0266
    Latitude
    41.4711
    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
    $20,892
    $392,500
    $429,600
    $822,100
    -
    $392,500
    $429,600
    $822,100

    Comparable in this City

    • Value Estimation by Request
      3,015 SF

      2005 Laporte Ave

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    • Value Estimation by Request
      0.15 Acres

      2801 Boilermaker Ct, Unit 2

      FINANCIAL BUILDING • 0.15 Acres
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    • Value Estimation
      $365,000
      2,324 SF

      1802 Calumet Ave

      FINANCIAL BUILDING • 2,324 SF
      1802 Calumet Ave, Valparaiso, IN 46383-3131
      View Details
    • Value Estimation by Request
      3,101 SF

      2200 Morthland Dr

      FINANCIAL BUILDING • 3,101 SF
      2200 Morthland Dr, Valparaiso, IN 46383-8356
      View Details
    • Value Estimation
      $395,000
      2,850 SF

      2905 Calumet Ave

      FINANCIAL BUILDING • 2,850 SF
      2905 Calumet Ave, Valparaiso, IN 46383-2645
      View Details
    • Value Estimation
      $470,000
      2,552 SF

      2707 Laporte Ave

      FINANCIAL BUILDING • 2,552 SF
      2707 Laporte Ave, Valparaiso, IN 46383-8355
      View Details

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      Retail Space in Valparaiso, IN

      Retail space for lease in a strong retail area.
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    Valparaiso, IN 46383
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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