1251 Eastport Centre DrValparaiso, IN 46383

Property Details for 1251 Eastport Centre Dr

Year built

2008

Construction

WOOD

Lot size

3.29 AC

Property size (Sq ft)

16,328 SF

Property type

Office properties

APN

64-10-29-177-003.000-029

APU

641029177003000029

Description

This exceptional 16,328 square foot office building, situated on a generous 3.29 acres in Valparaiso, Indiana, presents a unique investment opportunity. The property, located at 1251 Eastport Center Drive, 46383, offers multiple tenancy options, catering to a diverse range of businesses. Currently, there are four individual spaces available, ranging in size from a compact 208 square feet to a more substantial 3,252 square feet, providing flexibility for various needs. The building's classification as both medical and traditional office space makes it highly versatile, suitable for a wide spectrum of professional practices. Its location in Porter County, Indiana, offers convenient access to major transportation routes and a thriving local community. The property's substantial size and adaptable spaces make it an ideal choice for businesses seeking expansion or those looking for a well-established presence in a desirable location. This is a rare opportunity to acquire a well-maintained, multi-tenant office building in a prime location with significant potential for growth and return on investment. The property is ready for immediate occupancy, offering a seamless transition for new tenants. Interested parties are encouraged to inquire for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $5,247,354

  6.5%

  $4,843,711

  7%

  $4,497,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,126,722

  Geo Method

  $2,126,722

• Alternative Use

  Use

  Valuation

  Residential

  $6,006,202

  Hospitality

  $5,501,648

  Educational

  $4,577,307

  Medical

  $4,734,728

  Retail

  $7,120,256

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.4571

Longitude

-87.022

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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