850 Marsh StValparaiso, IN 46385

Property Details for 850 Marsh St

Year built

1989

Construction

WOOD

Lot size

0.60 AC

Property size (Sq ft)

7,052 SF

Property type

Medical offices

Property subtype

Medical centers

APN

64-09-26-127-009.000-004

APU

640926127009000004

Description

This exceptional Class A office space, located at 850 Marsh St in Valparaiso, Indiana, offers 1,400 to 1,600 contiguous square feet within a 7,000 square foot building. Situated on the ground floor for convenient access, this suite boasts a welcoming reception area with a dedicated desk and a private bathroom. The space is part of a multi-tenant building with a total of four suites, offering a professional and collaborative environment. Recently renovated in 2021, the building features updated common areas and a newly paved parking lot with over 30 spaces. Landscaping enhancements further contribute to a modern and inviting atmosphere. The property enjoys a highly visible location just off Route 30, benefiting from significant daily traffic (nearly 20,000 vehicles) and prominent signage opportunities. Built in 1989, this two-story building includes an elevator for easy access to all floors. The minimum divisible space is 1,400 square feet, ideal for businesses seeking a functional and accessible location in Porter County. Currently, 1,400 square feet of office space is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,266,312

  6.5%

  $2,091,980

  7%

  $1,942,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $918,523

  Geo Method

  $918,523

• Alternative Use

  Use

  Valuation

  Residential

  $2,594,055

  Hospitality

  $2,376,141

  Educational

  $1,976,921

  Medical

  $2,044,911

  Retail

  $3,075,211

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.4606

Longitude

-87.0758

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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