1651 Thornapple CirValparaiso, IN 46385

Property Details for 1651 Thornapple Cir

Year built

1992

Construction

WOOD

Lot size

0.74 AC

Property size (Sq ft)

5,376 SF

Property type

Medical offices

Property subtype

Medical centers

APN

64-09-26-155-003.000-004

APU

640926155003000004

Description

This 2,688 square foot medical office space in Valparaiso, Indiana, is located in a Class B building constructed in 1992. Situated on a 0.73-acre lot, this single-tenant space is part of a larger 5,376 square foot building zoned for general commercial use. The space features a well-designed layout optimized for healthcare professionals, including a spacious reception area with a dedicated reception window, a convenient nursing station, and six versatile rooms adaptable for use as exam rooms or offices. Three of these rooms include sinks. Two additional rooms provide ample storage. Staff amenities include a breakroom with a sink and refrigerator. The property offers 43 shared parking spaces, including two handicap-accessible spaces. The building's shared lobby includes a restroom for waiting patients. This location offers excellent accessibility and convenience for both patients and staff. The property is located at 1651 Thornapple Cir, Valparaiso, IN 46385. This is a fantastic opportunity for a medical practice seeking a functional and well-equipped space in a desirable location. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,727,693

  6.5%

  $1,594,794

  7%

  $1,480,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $700,224

  Geo Method

  $700,224

• Alternative Use

  Use

  Valuation

  Residential

  $1,977,544

  Hospitality

  $1,811,420

  Educational

  $1,507,080

  Medical

  $1,558,911

  Retail

  $2,344,347

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.4595

Longitude

-87.0806

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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