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Property profile & analytics
OFF-MARKET
Medical Office Space

502 Marquette St Valparaiso, IN 46383-2509

6,174 SF 0.61 ac lot Built 1980
Individually Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US31-3329532
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1980
Construction WOOD
Total area 6,174 SF
Lot 0.61 ac (26,702 SF)
APN 64-09-13-202-002.000-004
UPID US31-3329532
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
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
STEPHEN R BUCK
STEPHEN R BUCK
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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