1351 Silhavy Road, Valparaiso, IN 46383

$3,500,000
Property Type: Commercial Sale Square Footage: 19,740 Lot Size (sq. ft.): 59,677 Status: Closed
Current Price: $3,500,000 List Date: 11/17/2023 Last Modified: 10/11/2024

Overview

Description

One of Valparaiso's most prominent signature gateway buildings, 1351 Silhavy offers 19,740 SF of some of the best Class A office space in Valparaiso. The property is located at the intersections of IN Hwy 49 and US Hwy 30, and nestled between two of Valpo's largest hotels. Nearby businesses include Menards, Home Depot, Walmart, Wendy's, Bob Evans, and more, all within a 1/2 mile of Valparaiso University grounds. Per INDOT, over 58,000 cars per day drive by the property, since it's visible from highway 30 and 49. CAP rate is estimated at 7.11. Showings after prequalification appointment only, please respect our Tenants.

Listing Details MLS# 541983

General Property Information

Number Of Units Total
5
Living Area
19740
Building Area Source
Assessor
Year Built
2006
Parking Total
62
Lot Size Acres
1.37
Lot Size Square Feet
59677
Lot Size Source
Assessor
Lot Size Dimensions
Irregular
Waterfront YN
No
Basement YN
No

Property Features

Building Features: Acoustical Ceiling(s); Enclosed Stair(s); Passenger Elevator(s); Private Restrooms; Public Restrooms; Sheet Rock Ceiling(s); Other Construction Materials: Block; Brick Cooling: Central Air Current Use: Medical/Dental; Office Electric: Other Flooring: Varies Foundation Details: See Remarks Heating: Forced Air Interior Features: Elevator Listing Terms: Other Parking Features: Common; Paved Possession: Negotiable Possible Use: Medical/Dental; Office Rail Availability: None Road Frontage Type: City Street Roof: Fiberglass; Flat; Other Security Features: Smoke Detector(s) Sewer: Septic Tank Special Listing Conditions: Agent Owned / Interest Utilities: Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Water Available Showing Requirements: Appointment Only

Contract Information

Auction YN
No
Original List Price
3750000
Property Sub Type
Office
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
1351
Street Name
Silhavy
Street Suffix
Road
County
Porter
State
IN
Postal Code
46383
Subdivision Name
none

Remarks and Miscellaneous

Public Remarks
One of Valparaiso's most prominent signature gateway buildings, 1351 Silhavy offers 19,740 SF of some of the best Class A office space in Valparaiso. The property is located at the intersections of IN Hwy 49 and US Hwy 30, and nestled between two of Valpo's largest hotels. Nearby businesses include Menards, Home Depot, Walmart, Wendy's, Bob Evans, and more, all within a 1/2 mile of Valparaiso University grounds. Per INDOT, over 58,000 cars per day drive by the property, since it's visible from highway 30 and 49. CAP rate is estimated at 7.11. Showings after prequalification appointment only, please respect our Tenants.

Status Change Information

Major Change Timestamp
2024-10-11T19:49:00Z
Major Change Type
Status Change
Status Change Timestamp
2024-10-11
Offer Acceptance Date
2024-08-22
Close Date
2024-10-10
Close Price
3500000
Concessions
Yes
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

New Taxes Expense
62852

Showing Requirements

Showing Instructions
By appointment only, use showing time. 48 hour notice req'd

Historical Information

Public Historical Remarks
Utilities: On
Listing Office: RE/MAX Lifestyles
Last Updated: October - 11 - 2024
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