253-257 Lincolnway, Valparaiso, IN 46383
$1,200,000
Property Type:
Commercial Sale
Square Footage:
2,654
Lot Size (sq. ft.):
20,856
Status:
Closed
Current Price:
$1,200,000
List Date:
5/17/2023
Last Modified:
4/23/2024
Overview
Description
Listing Details MLS# 530579
General Property Information
- Number Of Units Total
- Yes
- Living Area
- 2654
- Building Area Source
- Assessor
- Year Built
- 1870
- Lot Size Acres
- 0.4788
- Lot Size Square Feet
- 20856
- Lot Size Source
- Assessor
- Lot Size Dimensions
- 132 x 140 +/-
- Basement YN
- Yes
- Stories
- 2
- Parking Total
- 0
Property Features
Building Features:
Business District Location; Private Restrooms; Other
Construction Materials:
Frame; Vinyl Siding; Other
Cooling:
Central Air
Current Use:
Office
Electric:
Other
Flooring:
Varies; Other
Foundation Details:
See Remarks
Heating:
Forced Air
Interior Features:
Elevator
Listing Terms:
Cash; Conventional; Other
Parking Features:
Paved; Private
Possession:
Close Of Escrow
Possible Use:
Commercial; Mixed Use; Multi-Family; Office; Place of Worship; Residential; Retail
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Mixed; Other
Security Features:
Other
Utilities:
Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected
Water Source:
Public
Showing Requirements:
Appointment Only; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 1530000
- Property Sub Type
- Retail
- Property Attached YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Owner
Location Tax and Legal
- Street Number
- 253-257
- Street Name
- Lincolnway
- County
- Porter
- State
- IN
- Postal Code
- 46383
- Subdivision Name
- West Add/Valparaiso
Remarks and Miscellaneous
- Public Remarks
- Prime redevelopment assemblage in Downtown Valparaiso near Central Park, the Courthouse Square, and dining and shopping options in this desirable community. Property includes 3 parcels in the Central Place (CP) zoning district in the heart of downtown Valparaiso on Lincolnway including an existing building at 257 Lincolnway, and existing parking lot, and vacant land parcel 253 Lincolnway where a building must be razed. CP allows a multitude of potential mixed uses including retail, office, condo, restaurant, and more. Redevelopment possible in this area, possible mixed use up to 4 stories, buyer to verify with City of Valpo given design and use proposed for new development. Assemblage is approximately 132 deep x 140 wide, with an alleyway in between 253 & 255, and alleyway access on south side of lots. Also includes APN # 64-09-24-314-009.000-004 and 64-09-24-314-010.000-004. Plant your investment right here in this hot Northwest Indiana community.
Status Change Information
- Major Change Timestamp
- 2024-04-23T15:38:15Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2024-02-18T02:38:18Z
- Status Change Timestamp
- 2024-04-23
- Offer Acceptance Date
- 2023-10-10
- Close Date
- 2024-04-22
- Close Price
- 1200000
- Concessions
- Yes
- Buyer Financing
- Cash
More Information
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 140 +/-
Showing Requirements
- Showing Instructions
- Contact Listing Agent
- Appointment Only
- Yes
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Utilities: On
Location, Tax, and Legal
- Postal Code +4
- 5525
- Tax Annual Amount
- 0
- Tax Year
- 2022
- Tax Legal Description
- Legal Description: 0 S LOT 2 BLK 38 AND O S EX W9 LOT 3 BLK 38 AND ORIG SURVEY W9 LOT 3 & E26 LOT 4 BLK 38
- Parcel Number
- 640924314008000004
- Township
- Center
- Directions
- From Lincolnway and Washington Street, go west 1.5 blocks to property on south side of Lincolnway past Napoleon.
- Cross Street
- Napoleon
Construction Materials
- Frame
- Yes
- Vinyl Siding
- Yes
- Other
- Yes
Cooling
- Central Air
- Yes
Electric
- Other
- Yes
Flooring
- Varies
- Yes
- Other
- Yes
Foundation Details
- See Remarks
- Yes
Heating
- Forced Air
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Other
- Yes
Parking Features
- Paved
- Yes
- Private
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Mixed
- Yes
- Other
- Yes
Security Features
- Other
- Yes
Utilities
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Income and Expenses
- Electric Expense
- 0
- Gross Income
- 0
- Gross Scheduled Income
- 0
- Insurance Expense
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Net Operating Income
- 0
- New Taxes Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
- Total Actual Rent
- 0
- Trash Expense
- 0
- Water Expense
- 0
Current Use
- Office
- Yes
Possible Use
- Commercial
- Yes
- Mixed Use
- Yes
- Multi-Family
- Yes
- Office
- Yes
- Place of Worship
- Yes
- Residential
- Yes
- Retail
- Yes
Building Features
- Business District Location
- Yes
- Private Restrooms
- Yes
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
RE/MAX Lifestyles
Last Updated: April - 23 - 2024
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