401 Wall StValparaiso, IN 46383

Property Details for 401 Wall St

Year built

1982

Construction

TYPE NOT SPECIFIED

Lot size

2.00 AC

Property size (Sq ft)

17,472 SF

Property type

Medical offices

Property subtype

Medical centers

APN

64-09-13-203-005.000-004

APU

640913203005000004

Description

This exceptional 900-square-foot medical condo, located at 401 Wall Street Unit H, Valparaiso, IN, presents a fantastic opportunity for medical professionals. Situated within a 10-unit building on a spacious 2-acre lot, this property boasts ample parking for patients and staff, a significant advantage in a busy medical setting. The condo features a well-designed layout previously utilized as a dental office, including three exam rooms, a reception area with a dedicated desk, a convenient breakroom/lab area, and two private offices. Shared amenities include a common waiting room and restrooms, enhancing patient experience and streamlining operations. Additional storage space is available in the basement, providing valuable extra room for supplies and equipment. The unit's design allows for seamless expansion

• CAP approach

  CAP return

  Valuation

  6%

  $5,615,003

  6.5%

  $5,183,080

  7%

  $4,812,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,275,728

  Geo Method

  $2,275,728

• Alternative Use

  Use

  Valuation

  Residential

  $6,427,018

  Hospitality

  $5,887,114

  Educational

  $4,898,010

  Medical

  $5,066,460

  Retail

  $7,619,127

Location Insight

City

Valparaiso

County

Porter

State

Indiana

Latitude

41.4887

Longitude

-87.0562

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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