502 Marquette St Valparaiso, IN 46383-2509
This exceptional investment opportunity presents a prime 0.61-acre commercial property located at 502 Marquette Street in Valparaiso, Indiana's thriving Medical District. The all-brick, Class "A" office building boasts 4 square feet of space and is currently occupied by a single tenant under a modified gross lease extending into 2027, offering immediate cash flow. The building's impressive features include 13 individual offices, a spacious conference room, two kitchens, three bathrooms, and two administrative areas. High-speed fiber internet is readily available. Ample parking is ensured with a recently resurfaced lot accommodating 30 vehicles. The property is priced to yield an 8.6 CAP rate, representing a strong return on investment. A non-disclosure agreement is required for further details. This is a rare chance to acquire a well-maintained, high-performing asset in a desirable location with a stable tenant and significant upside potential. The property is zoned for commercial use and is situated in Porter County, Indiana, with a zip code of 46383. The building's address is 502 Marquette Street, Valparaiso, IN. The asking price for this exceptional opportunity is $715,000.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.