502 Marquette St Valparaiso, IN 46383-2509

Property Details for 502 Marquette St

Year built

1980

Construction

WOOD

Lot size

0.61 lot acres

Property size

6,174 SF

Property type

Medical offices

Property subtype

Medical centers

APN

64-09-13-202-002.000-004

APU

640913202002000004

Description

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.