6 Morgan BlvdValparaiso, IN 46383

Property Details for 6 Morgan Blvd

Year built

1915

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

5,860 SF

Property type

Retail space

APN

64-09-24-341-002.000-004

APU

640924341002000004

Description

This exceptional commercial property at 6 Morgan Blvd in Valparaiso, Indiana, offers versatile office space in a prime downtown location. The building, constructed in 1915, boasts a total of 8,500 square feet across two stories, currently classified as Class C. Multiple tenancy options are available, with a minimum divisible space of 800 square feet and a maximum contiguous space of 2,700 square feet. Currently, 4,300 square feet of space is vacant and ready for immediate occupancy. The property is zoned for CBD use, making it ideal for a variety of businesses. The building's subtypes include Traditional Office, Executive Office, Coworking, Medical Office, and Creative Office, providing flexibility for diverse needs. While the property itself doesn't include dedicated parking, a public lot is conveniently located across the street. This location offers excellent visibility and accessibility within the vibrant downtown Valparaiso market. The property is situated in Porter County, Indiana, with the full address being 6 Morgan Blvd, Valparaiso, IN 46383. This presents a unique opportunity to establish a presence in a thriving Indiana community. Contact us today to learn more about leasing options and explore the possibilities this versatile space offers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,768,358

  6.5%

  $2,555,408

  7%

  $2,372,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,923,428

  Geo Method

  $1,923,428

• Alternative Use

  Use

  Valuation

  Residential

  $2,155,582

  Hospitality

  $1,974,502

  Educational

  $1,642,762

  Medical

  $1,699,259

  Retail

  $2,555,408

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.4684

Longitude

-87.0569

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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