502 Marquette StValparaiso, IN 46383

For Sale
$715,000

Class A Office, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a prime 0.61-acre commercial property located at 502 Marquette Street in Valparaiso, Indiana's thriving Medical District. The all-brick, Class "A" office building boasts 4 square feet of space and is currently occupied by a single tenant under a modified gross lease extending into 2027, offering immediate cash flow. The building's impressive features include 13 individual offices, a spacious conference room, two kitchens, three bathrooms, and two administrative areas. High-speed fiber internet is readily available. Ample parking is ensured with a recently resurfaced lot accommodating 30 vehicles. The property is priced to yield an 8.6 CAP rate, representing a strong return on investment. A non-disclosure agreement is required for further details. This is a rare chance to acquire a well-maintained, high-performing asset in a desirable location with a stable tenant and significant upside potential. The property is zoned for commercial use and is situated in Porter County, Indiana, with a zip code of 46383. The building's address is 502 Marquette Street, Valparaiso, IN. The asking price for this exceptional opportunity is $715,000.

Highlights

  • Prime 0.61-acre commercial property in Valparaiso, IN's Medical District.
  • Class A, all-brick office building with a single tenant under a modified gross lease through 2027.
  • Features 13 offices, conference room, two kitchens, three bathrooms, and two administrative areas.
  • Ample parking (30 spaces) and high-speed fiber internet available.
  • 8.6% CAP rate, asking price $715,000.

Property Details for 502 Marquette St

Property type
Other office properties, Other land
Square Feet
4 SF
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Valparaiso
County
Porter
State
Indiana
Latitude
41.4894025
Longitude
-87.0547108
502 Marquette St, Valparaiso, Indiana

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502 Marquette St
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