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    Property profile & analytics

    6 Morgan Blvd Valparaiso, IN 46383

    • Retail space
    • 5,860 SF
    • 0.08 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US31-0475701
    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

    • Retail space

    Property Details for 6 Morgan Blvd

    Year built
    1915
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    5,860 SF
    Property type
    Retail space
    APN
    64-09-24-341-002.000-004
    APU
    640924341002000004

    Description

    This exceptional commercial property at 6 Morgan Blvd in Valparaiso, Indiana, offers versatile office space in a prime downtown location. The building, constructed in 1915, boasts a total of 8,500 square feet across two stories, currently classified as Class C. Multiple tenancy options are available, with a minimum divisible space of 800 square feet and a maximum contiguous space of 2,700 square feet. Currently, 4,300 square feet of space is vacant and ready for immediate occupancy. The property is zoned for CBD use, making it ideal for a variety of businesses. The building's subtypes include Traditional Office, Executive Office, Coworking, Medical Office, and Creative Office, providing flexibility for diverse needs. While the property itself doesn't include dedicated parking, a public lot is conveniently located across the street. This location offers excellent visibility and accessibility within the vibrant downtown Valparaiso market. The property is situated in Porter County, Indiana, with the full address being 6 Morgan Blvd, Valparaiso, IN 46383. This presents a unique opportunity to establish a presence in a thriving Indiana community. Contact us today to learn more about leasing options and explore the possibilities this versatile space offers.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $355,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $415,000
      Mixed-Use
      $350,000
      Hospitality
      $400,000
      Educational
      $415,000
      Residential Income
      $390,000
      Energy
      $375,000
      Income-Based Land
      $390,000
      Food Service
      $385,000

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.0569
    Latitude
    41.4684
    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
    $5,115
    $57,600
    $136,000
    $193,600
    -
    $57,600
    $136,000
    $193,600

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

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    • Value Estimation by Request
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      150 Morthland Dr

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    • Value Estimation by Request
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      3400 Calumet Ave

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    • Value Estimation by Request
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      1604 Calumet Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,505 SF
      1604 Calumet Ave, Valparaiso, IN 46383-3127
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    • Value Estimation by Request
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      1620 Country Clb Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,052 SF
      1620 Country Clb Rd, Valparaiso, IN 46383-2251
      View Details
    • Value Estimation
      $495,000
      4,535 SF

      68 Lincolnway

      RETAIL STORES (PERSONAL SERVICES) • 4,535 SF
      68 Lincolnway, Valparaiso, IN 46383-5522
      View Details

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    6 Morgan Blvd
    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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