For Sale
$715,000

502 Marquette StValparaiso, IN 46383

Class A Office, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
125
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.

Highlights

  • Prime 0.61-acre commercial property in Valparaiso, IN's Medical District.
  • Class A, all-brick office building with a single tenant under a modified gross lease through 2027.
  • Features 13 offices, conference room, two kitchens, three bathrooms, and two administrative areas.
  • Ample parking (30 spaces) and high-speed fiber internet available.
  • 8.6% CAP rate, asking price $715,000.

Property Details for 502 Marquette St

Property type
Office properties, Land
Square Feet
4 SF
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Valparaiso
County
Porter
State
Indiana
Latitude
41.4894025
Longitude
-87.0547108
502 Marquette St, Valparaiso, Indiana

FAQs

What type of property is this?
Office property - Class A Office, High ROI Potential
Where is the office property located?
The property is located at 502 Marquette St Valparaiso, IN.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Prime 0.61-acre commercial property in Valparaiso, IN's Medical District.; Class A, all-brick office building with a single tenant under a modified gross lease through 2027.; Features 13 offices, conference room, two kitchens, three bathrooms, and two administrative areas.
How can I contact the broker?
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502 Marquette St
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