16 Jefferson Street, Valparaiso, IN 46383
$555,000
Property Type:
Commercial Sale
Square Footage:
6,698
Lot Size (sq. ft.):
2,526
Status:
Closed
Current Price:
$555,000
List Date:
1/31/2025
Last Modified:
5/21/2025
Overview
Description
Listing Details MLS# 815573
General Property Information
- Number Of Units Total
- 5
- Living Area
- 6698
- Building Area Source
- Assessor
- Year Built
- 1921
- Lot Size Acres
- 0.058
- Lot Size Square Feet
- 2526
- Lot Size Source
- Assessor
- Lot Size Dimensions
- 58x44
- Waterfront YN
- No
- Basement YN
- Yes
Property Features
Basement:
Interior Entry; Storage Space
Building Features:
Exterior Lighting; Mixed Use; Multi Tenant; Sheet Rock Ceiling(s)
Community Features:
Curbs; Park; Restaurant; Sidewalks; Street Lights
Construction Materials:
Vinyl Siding
Cooling:
Central Air; Wall/Window Unit(s)
Current Use:
Mixed Use; Residential; Retail
Electric:
100 Amp Service
Exterior Features:
Awning(s); Private Entrance; Rain Gutters
Fencing:
None
Flooring:
Ceramic Tile; Concrete; Tile; Vinyl; Wood
Foundation Details:
Brick/Mortar; Slab
Heating:
Forced Air; Hot Water; Natural Gas
Interior Features:
Ceiling Fan(s)
Laundry Features:
In Hall; Inside; Main Level
Listing Terms:
Cash; Conventional
Lock Box Information:
Call Listing Office
Lot Features:
Zero Lot Line
Owner Pays:
Insurance; Sewer; Taxes; Trash Collection; Water; See Remarks
Parking Features:
On Street
Possession:
Negotiable; Subject To Tenant Rights
Possible Use:
Mixed Use; Office; Retail
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Membrane
Sewer:
Public Sewer
Special Licenses:
None
Special Listing Conditions:
Agent Owned / Interest
Tenant Pays:
Cable TV; Electricity; Gas; Telephone
Utilities:
Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Water Source:
Public
Showing Requirements:
Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 699900
- Property Sub Type
- Mixed Use
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 16
- Street Name
- Jefferson
- Street Suffix
- Street
- County
- Porter
- State
- IN
- Postal Code
- 46383
- Subdivision Name
- Valparaiso
Remarks and Miscellaneous
- Public Remarks
- 12-18 Jefferson. PRIME LOCATION ONE BLOCK OFF LINCOLNWAY! High traffic location in the heart of downtown! Mixed use property with 3 Commercial lease units on the main and 2 residential lease units upstairs. Fully-leased! Sale is subject to tenant rights. Cap rate of 6.7%. Owner pays Water/Sewer/Trash and common area Electric. Tenants pay remaining utilities. Both residential units are 2 bed/1 bath. Common area laundry for all tenants to utilize, as well as common area basement storage. On street parking.
Status Change Information
- Major Change Timestamp
- 2025-05-21T14:07:24Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2025-05-21
- Offer Acceptance Date
- 2025-04-17
- Close Date
- 2025-05-20
- Close Price
- 555000
- Concessions
- No
- Buyer Financing
- Cash
More Information
Exemption Information
- Exemption YN
- No
Income and Expenses
- Cap Rate
- 6.7
- Electric Expense
- 4320
- Gross Income
- 60120
- Insurance Expense
- 2040
- Net Operating Income
- 46620
- New Taxes Expense
- 4500
- Operating Expense
- 13500
- Total Actual Rent
- 60120
- Water Expense
- 2640
Listing Office:
Seramur Properties, LLC
Last Updated: May - 21 - 2025
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