2401 Beech StValparaiso, IN 46383

Property Details for 2401 Beech St

Year built

2001

Construction

WOOD

Lot size

0.85 AC

Property size (Sq ft)

9,672 SF

Property type

Office properties

APN

64-10-19-276-001.000-004

APU

641019276001000004

Description

This exceptional mixed-use property presents a unique investment opportunity in Valparaiso, Indiana. Situated on a 0.85-acre lot at 2401 Beech Street, Unit D, this 1,400 square foot (+/-) condo offers versatile space ideal for a small business owner or investor. The ground floor boasts a wide-open layout, perfect for customizing to suit various office needs. A restroom is already in place, simplifying build-out for private offices. Its convenient location offers easy access to major retail centers and restaurants, ensuring high visibility and accessibility for clients. Adding to its appeal, an upstairs studio apartment generates consistent rental income, currently leased at $875 per month through the end of September. This provides a passive income stream while offering the potential for owner occupancy. The combination of a ground-floor commercial space and a separately leased residential unit creates a compelling investment opportunity with significant upside potential. The property's size and layout offer flexibility for a variety of business types, making it an attractive option for entrepreneurs seeking a blend of work and living space or investors looking for a strong return on investment. The asking price is $240,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,108,305

  6.5%

  $2,869,205

  7%

  $2,664,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,259,778

  Geo Method

  $1,259,778

• Alternative Use

  Use

  Valuation

  Residential

  $3,557,814

  Hospitality

  $3,258,938

  Educational

  $2,711,398

  Medical

  $2,804,648

  Retail

  $4,217,731

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.4744

Longitude

-87.0315

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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