792 Juniper RdValparaiso, IN 46385

Property Details for 792 Juniper Rd

Year built

1975

Construction

WOOD

Lot size

0.41 AC

Property size (Sq ft)

2,008 SF

Property type

Office properties

APN

64-06-29-127-038.000-015

APU

640629127038000015

Description

This exceptional 2,000 square foot commercial building presents a remarkable investment opportunity in Valparaiso, Indiana. Strategically located on US Highway 6, this property boasts a prime location with high visibility and accessibility. The building sits on a 0.6-acre lot and is currently zoned NC Neighborhood Commercial, offering a wide range of potential uses. With an average daily traffic count of 17,279 (2023 data), this location ensures significant exposure to potential customers. The interior features two bathrooms, a kitchenette, and multiple flexible rooms, allowing for customization to suit various business needs. Previous uses include a trucking company office and a beauty salon, demonstrating its adaptability. The property's versatility makes it suitable for a variety of businesses, including retail shops, offices, small restaurants, coin laundries, daycares, pet grooming services, photography studios, and beauty salons. The potential for dual occupancy – operating a business on one side and leasing the other – offers a significant income-generating opportunity. Its proximity to other businesses, restaurants, and residential areas further enhances its appeal. This turnkey property is ready for immediate occupancy and presents an excellent chance to establish a thriving business or expand an existing one. Don't miss this chance to own a piece of Valparaiso's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $645,314

  6.5%

  $595,674

  7%

  $553,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $261,542

  Geo Method

  $261,542

• Alternative Use

  Use

  Valuation

  Residential

  $738,636

  Hospitality

  $676,587

  Educational

  $562,912

  Medical

  $582,272

  Retail

  $875,641

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.5488

Longitude

-87.1366

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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