301 Washington Street, Valparaiso, IN 46383 (MLS# 835494)

301 Washington Street, Valparaiso, IN 46383

$899,000

Property Type: Commercial Sale Square Footage: 7,784 Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $899,000 List Date: 3/16/2026 Last Modified: 4/23/2026

Overview

Description

301 Washington Street, known locally as The Valparaiso Inn, presents a rare hospitality and live work investment opportunity in the heart of Valparaiso's Washington Street Historic District just three blocks from the downtown square. This distinguished Neo Colonial Revival property has undergone an extensive restoration with half a million dollars invested to preserve its historic character while modernizing key systems and infrastructure. The four level property offers a flexible layout ideal for boutique hospitality, short term rental, or owner operator business use. Interior features include hardwood floors, tall bay windows, three decorative fireplaces, and multiple gathering spaces complemented by a chef's kitchen with granite countertops, travertine tile, and Viking appliances. The second level includes five spacious guest suites each with private ensuite baths and a dedicated laundry area. The third floor provides two additional bedrooms and a shared bath, possibly allow ... (Read more)

Listing Details MLS# 835494

General Property Information

Number Of Units Total: Yes
Living Area: 7784
Building Area Source: Assessor
Accessibility Features YN: No
Year Built: 1910
Parking Total: 2
Lot Size Acres: 0.2
Lot Size Square Feet: 8712
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: Yes
Stories: 3

Property Features

Appliances: Dishwasher; Dryer; Gas Range; Range Hood; Refrigerator; Stainless Steel Appliance(s); Washer; Water Heater; Water Softener Owned; Other Basement: Daylight; Finished; Full Building Features: Other Business Type: Hotel/Motel; Other Construction Materials: Wood Siding Cooling: Central Air; Zoned Current Use: Commercial; Residential; Single Family; Other; See Remarks Electric: 200+ Amp Service Exterior Features: Lighting; Private Yard; Rain Gutters Flooring: Hardwood; Tile Heating: Forced Air; Zoned Interior Features: Ceiling Fan(s); Crown Molding; Entrance Foyer; Granite Counters; High Ceilings; Kitchen Island; Open Floorplan; Soaking Tub; Walk-In Closet(s); Other Laundry Features: Laundry Room; Lower Level; Sink; Upper Level; Other Listing Terms: Cash; Conventional Lot Features: Back Yard; Corner Lot; Few Trees; Front Yard; Landscaped; Near Public Transit Owner Pays: All Utilities; Exterior Maintenance; Gas; Grounds Care; HVAC Maintenance; Insurance; Janitorial Service; Management; Repairs; Roof Maintenance; Security; Sewer; Snow Removal; Taxes; Trash Collection; Water; See Remarks Parking Features: Additional Parking; Attached; Driveway; Garage Faces Rear; Off Street; On Street Possession: Negotiable Possible Use: Commercial; Residential; Other; See Remarks Rail Availability: None Roof: Shingle Security Features: Fire Alarm; Security System; Smoke Detector(s); Other Sewer: Public Sewer Special Licenses: Other Special Listing Conditions: None Tenant Pays: None; See Remarks Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected View: Neighborhood Water Source: Public

Contract Information

Auction YN: No
Original List Price: 899000
Property Sub Type: Hotel-Motel
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Owner

Location Tax and Legal

Street Number: 301
Street Name: Washington
Street Suffix: Street
County: Porter
State: IN
Postal Code: 46383
Subdivision Name: Valparaiso

Remarks and Miscellaneous

Public Remarks: 301 Washington Street, known locally as The Valparaiso Inn, presents a rare hospitality and live work investment opportunity in the heart of Valparaiso's Washington Street Historic District just three blocks from the downtown square. This distinguished Neo Colonial Revival property has undergone an extensive restoration with half a million dollars invested to preserve its historic character while modernizing key systems and infrastructure. The four level property offers a flexible layout ideal for boutique hospitality, short term rental, or owner operator business use. Interior features include hardwood floors, tall bay windows, three decorative fireplaces, and multiple gathering spaces complemented by a chef's kitchen with granite countertops, travertine tile, and Viking appliances. The second level includes five spacious guest suites each with private ensuite baths and a dedicated laundry area. The third floor provides two additional bedrooms and a shared bath, possibly allowing for expanded guest accommodations or flexible use. The finished daylight basement includes a fully equipped studio suite with kitchen, living area, bedroom, bath, and second laundry, creating an ideal private owner residence or additional possible rental suite. The property is currently zoned residential but carries an approved zoning variance allowing operation as a bed and breakfast and the variance may transfer with the sale. With seven guest rooms plus a separate lower level suite, the property offers strong potential for six plus figure annual revenue in Valparaiso's growing tourism and event driven market. Located within walking distance to downtown dining, retail, parks, and year round festivals, this one of a kind historic asset combines lifestyle, hospitality, and income producing potential in one of Northwest Indiana's most desirable downtown corridors.

Status Change Information

Major Change Timestamp: 2026-03-16T12:19:45Z
Major Change Type: New Listing
Status Change Timestamp: 2026-03-16

More Information

Exemption Information

Exemption YN: Yes
Exemptions: partial homestead, and commercial

Showing Requirements

Showing Instructions: showing time. listing agent to be present for all showings. pre approval or proof of funds required for showing approval.

Location, Tax, and Legal

School District: Valparaiso
Elementary School: Central Elementary School
Middle Or Junior School: Benjamin Franklin Middle School
High School: Valparaiso High School
Tax Annual Amount: 14923
Tax Year: 2024
Tax Legal Description: O S LOT 1 BLK 4
Parcel Number: 640924304002000004
Additional Parcels YN: No
Zoning Description: Residential
Township: Center
Directions: Lincolnway to Washington, home on the left.t corner of Washington and Erie.
Cross Street: erie
Census Tract: 508.01

Appliances

Dishwasher: Yes
Dryer: Yes
Gas Range: Yes
Range Hood: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes
Water Heater: Yes
Water Softener Owned: Yes
Other: Yes

Basement

Daylight: Yes
Finished: Yes
Full: Yes

Construction Materials

Wood Siding: Yes

Cooling

Central Air: Yes
Zoned: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Lighting: Yes
Private Yard: Yes
Rain Gutters: Yes

Flooring

Hardwood: Yes
Tile: Yes

Heating

Forced Air: Yes
Zoned: Yes

Interior Features

Ceiling Fan(s): Yes
Crown Molding: Yes
Entrance Foyer: Yes
Granite Counters: Yes
High Ceilings: Yes
Kitchen Island: Yes
Open Floorplan: Yes
Soaking Tub: Yes
Walk-In Closet(s): Yes
Other: Yes

Laundry Features

Laundry Room: Yes
Lower Level: Yes
Sink: Yes
Upper Level: Yes
Other: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Back Yard: Yes
Corner Lot: Yes
Few Trees: Yes
Front Yard: Yes
Landscaped: Yes
Near Public Transit: Yes

Parking Features

Additional Parking: Yes
Attached: Yes
Driveway: Yes
Garage Faces Rear: Yes
Off Street: Yes
On Street: Yes

Possession

Negotiable: Yes

Roof

Shingle: Yes

Security Features

Fire Alarm: Yes
Security System: Yes
Smoke Detector(s): Yes
Other: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

City: Yes
Neighborhood: Yes

Water Source

Public: Yes

Owner Pays

All Utilities: Yes
Exterior Maintenance: Yes
Gas: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Janitorial Service: Yes
Management: Yes
Repairs: Yes
Roof Maintenance: Yes
Security: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes
See Remarks: Yes

Tenant Pays

None: Yes
See Remarks: Yes

Current Use

Commercial: Yes
Residential: Yes
Single Family: Yes
Other: Yes
See Remarks: Yes

Possible Use

Commercial: Yes
Residential: Yes
Other: Yes
See Remarks: Yes

Building Features

Other: Yes

Business Type

Hotel/Motel: Yes
Other: Yes

Rail Availability

None: Yes

Special Licenses

Other: Yes

Listing Office: @properties/Christie's Intl RE

Last Updated: April - 23 - 2026

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