502 Marquette St - Medical FOR SALE


Valparaiso, IN 46383
$715,000 USD
219-405-8596
502 Marquette St, Valparaiso, IN for Sale
$715,000 USD
Medical - FOR SALE
1/15
null | 8.6% Cap Rate

Apr '27


502 Marquette St
Valparaiso, IN 46383


HIGHLIGHTS

  • 8.6% CAP Rate on Single Tenant Occupant
  • Prime Commercial Office Medical District
  • Class A Office

OVERVIEW

Excellent investment opportunity. All brick Class A office building in Valparaiso's Medical District. Single tenant occupies at least into 2027. Current lease is a modified gross. The building has 13 private offices, a large conference room, 2 kitchens, 3 bathrooms, and 2 administrative areas. The power is 3 phase 440 amp service. Newly surfaced 30 space parking lot. HVAC units are 4 years old.

FOR SALE DETAILS

PRICE

$715,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

8.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

BP - Business Park

APN/PARCEL ID

64-09-13-202-002.000-004

ASK ABOUT THIS PROPERTY

Nick SommerCentury 21 Alliance GroupMore Info
219-405-8596

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Nick SommerCentury 21 Alliance GroupMore Info
219-405-8596

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.