Unique opportunity to own and redevelop the former parking lot / garage for McGill Manufacturing / Regal Beloit. Just 7 blocks from highly desirable downtown area allows for walking to restaurants, shopping and events held downtown. Road frontage on 3 City streets with quick and convenient access to Calumet and Campbell, 2 primary N/S streets in Valparaiso. Property includes maintained 105 marked asphalt parking lot and a 4,797 square foot enclosed / heated parking garage with 2 overhead doors formerly used for Sr Executive parking. Same owner has 7.45 acre parcel for sale ($1,250,000) West of subject property fronting Campbell Street and a 6.8 acre parcel with 226,000 (+/-) building for sale or lease. Offers will be reviewed on building property for sale or lease. A total of 16.63 acres could be assembled with adjacent parcels with common ownership. The primary building parcel of 6.8 acre parcel is under Voluntary Remediation Program under an agreement with IDEM. Environmental information affecting all 3 parcels is available upon execution of a Confidentiality Agreement.