13 Lincolnway, Valparaiso, IN 46383

$1,100,000
Property Type: Commercial Sale Square Footage: 10,086 Lot Size (sq. ft.): 2,919 Status: Active
Current Price: $1,100,000 List Date: 1/23/2026 Last Modified: 2/10/2026

Overview

Description

Prime Downtown Valparaiso commercial location directly across from the courthouse with multi-tenancy. Main floor current tenant is active thriving restaurant. 2nd and 3rd floors consist of 10 leasable office suites along with private restrooms and conference room spaces. All but two spaces fully rented. Main floor has current lease with 5 years remaining. New Roof and New HVAC.

Listing Details MLS# 833173

General Property Information

Number Of Units Total
12
Living Area
10086
Building Area Source
Assessor
Year Built
1880
Lot Size Acres
0.067
Lot Size Square Feet
2919
Lot Size Source
Assessor
Waterfront YN
No
Basement YN
No
Stories
3
Parking Total
0

Property Features

Building Features: Business District Location; Enclosed Stair(s); High Speed Internet; Meeting Room; Multi Tenant; Private Restrooms; Suspended Ceiling(s) Business Type: Professional/Office; Restaurant Construction Materials: Brick Cooling: Central Air Current Use: Office; Other; See Remarks Electric: 100 Amp Service; Other Exterior Features: Lighting Flooring: Carpet Heating: Forced Air; Natural Gas Listing Terms: Cash; Conventional Owner Pays: Electricity; Sewer; Water Parking Features: On Street Possession: Negotiable Possible Use: Office; Other; See Remarks Rail Availability: None Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: None Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN
No
Original List Price
1100000
Property Sub Type
Business
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
13
Street Name
Lincolnway
County
Porter
State
IN
Postal Code
46383
Subdivision Name
Valparaiso

Remarks and Miscellaneous

Public Remarks
Prime Downtown Valparaiso commercial location directly across from the courthouse with multi-tenancy. Main floor current tenant is active thriving restaurant. 2nd and 3rd floors consist of 10 leasable office suites along with private restrooms and conference room spaces. All but two spaces fully rented. Main floor has current lease with 5 years remaining. New Roof and New HVAC.

Status Change Information

Major Change Timestamp
2026-01-23T20:22:21Z
Major Change Type
New Listing
Status Change Timestamp
2026-01-23

More Information

Building Features

Number of Offices
11
Business District Location
Yes
Enclosed Stair(s)
Yes
High Speed Internet
Yes
Meeting Room
Yes
Multi Tenant
Yes
Private Restrooms
Yes
Suspended Ceiling(s)
Yes

Exemption Information

Exemption YN
No

Income and Expenses

Cable TV Expense
989
Electric Expense
8513
Gross Income
93129
Gross Scheduled Income
95329
Insurance Expense
1708
Maintenance Expense
927
Manager Expense
5505
Net Operating Income
1730
Other Expense
3830
Total Actual Rent
93129
Trash Expense
927
Water Expense
738
New Taxes Expense
0
Operating Expense
0
Pest Control Expense
0
Pool Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0

Showing Requirements

Showing Instructions
Use ShowingTime

Location, Tax, and Legal

Tax Annual Amount
10635
Tax Year
2024
Tax Legal Description
OS W1/3 LOT 7 BLK 18
Parcel Number
640924338016000004
Additional Parcels YN
No
Township
Center
Directions
On Lincolnway in Valparaiso directly across from the courthouse downtown.
Census Tract
508.01

Construction Materials

Brick
Yes

Cooling

Central Air
Yes

Electric

100 Amp Service
Yes
Other
Yes

Exterior Features

Lighting
Yes

Flooring

Carpet
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

On Street
Yes

Possession

Negotiable
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

None
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

View

City
Yes

Water Source

Public
Yes

Owner Pays

Electricity
Yes
Sewer
Yes
Water
Yes

Tenant Pays

None
Yes

Current Use

Office
Yes
Other
Yes
See Remarks
Yes

Possible Use

Office
Yes
Other
Yes
See Remarks
Yes

Business Type

Professional/Office
Yes
Restaurant
Yes

Rail Availability

None
Yes
Listing Office: Seramur Properties, LLC
Last Updated: February - 10 - 2026
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