502 Marquette St Valparaiso, IN 46383-2509
Property profile & analytics
502 Marquette St, Valparaiso, IN 46383-2509
- Medical Office Space
- 6,174 SF
- 0.61 lot acres
Property ID
US31-3329532
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.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 502 Marquette St
- Year built
- 1980
- Construction
- WOOD
- Lot size
- 0.61 lot acres
- Property type
- Medical Office Space
- 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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Valparaiso
- County
- Porter
- State
- Indiana
- Longitude
- -87.0548
- Latitude
- 41.4895
- 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
$8,951
$151,500
$191,900
$343,400
-
$151,500
$191,900
$343,400
