15 Franklin StValparaiso, IN 46383

Property Details for 15 Franklin St

Year built

1900

Construction

WOOD

Lot size

0.40 AC

Property size (Sq ft)

17,010 SF

Property type

Office properties

APN

64-09-24-338-007.000-004

APU

640924338007000004

Description

This exceptional executive office suite, located at 15 N. Franklin St. in Valparaiso, Indiana, offers 280 square feet of prime space within a larger two-story building. Built in 1990, the building boasts a striking limestone facade and enjoys a highly visible location on Franklin Street. The property features a convenient elevator, a significant advantage in the downtown area, and includes dedicated signage for enhanced visibility. Private parking is also provided, a rare amenity in this desirable location. The suite is part of a multi-tenant building totaling 17,010 square feet. Its central downtown location places it within easy walking distance of the Porter County Courthouse, numerous banks, a variety of restaurants, shopping options, and local parks. This is an ideal opportunity for businesses seeking a prestigious address with excellent accessibility and high visibility in the heart of Valparaiso. The building's location offers unparalleled convenience and access to a vibrant community. The 280 square foot suite is currently vacant and ready for immediate occupancy. The building's two stories provide ample space for multiple tenants, creating a dynamic and thriving business environment. This property presents a unique opportunity to establish a presence in a highly sought-after downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,466,529

  6.5%

  $5,046,027

  7%

  $4,685,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,215,552

  Geo Method

  $2,215,552

• Alternative Use

  Use

  Valuation

  Residential

  $6,257,074

  Hospitality

  $5,731,446

  Educational

  $4,768,496

  Medical

  $4,932,492

  Retail

  $7,417,660

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.4685

Longitude

-87.0601

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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