1861 Sturdy RdValparaiso, IN 46383

Property Details for 1861 Sturdy Rd

Year built

2006

Construction

WOOD

Lot size

33.89 AC

Property size (Sq ft)

10,424 SF

Property type

Medical offices

Property subtype

Medical centers

APN

64-10-30-451-001.000-003

APU

641030451001000003

Description

This exceptional 1,394 square foot office space, situated on the south side of Valparaiso, offers a prime location near Valparaiso University and Walmart, conveniently south of US Highway 30 off Sturdy Road. The property, constructed in 2006, is a single-story building featuring two available units ideal for medical or professional office use. Each unit boasts high ceilings and ample natural light from generous windows. The building provides excellent on-site parking, a significant advantage for both staff and clients. Utilities include city sewer and well water. The lease terms are flexible, with a minimum three-year lease preferred, and a five-year lease highly desirable. The rental rate is a base rate plus NNNs/CAMs. Landlord participation in tenant build-out is negotiable, contingent upon receiving detailed finish quotes. The space is currently ready for tenant build-out, allowing for complete customization to meet specific business needs. This presents a unique opportunity to establish a thriving practice in a highly visible and accessible location within a well-maintained, modern building. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,349,976

  6.5%

  $3,092,286

  7%

  $2,871,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,357,726

  Geo Method

  $1,357,726

• Alternative Use

  Use

  Valuation

  Residential

  $3,834,435

  Hospitality

  $3,512,322

  Educational

  $2,922,210

  Medical

  $3,022,710

  Retail

  $4,545,660

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.4507

Longitude

-87.034

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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