307 Lincolnway, Valparaiso, IN 46383

$630,000
Property Type: Commercial Sale Square Footage: 11,145 Lot Size (sq. ft.): 5,793 Status: Closed
Current Price: $630,000 List Date: 9/15/2021 Last Modified: 2/24/2024

Overview

Description

ONCE IN A LIFETIME OPPORTUNITY to own a gorgeous building right in downtown Valpo! Not only does this commercial building boast a 1 bedroom & 3 bedroom apartment for rentals on the second story but also two long standing businesses that are flourishing in the two storefronts on the main level. It also has unharnessed potential in the full dry basement with tall ceilings. You will not believe how great of shape this building is in. The visibility at this location is outstanding, the immense foot traffic keeps these businesses booming. The apartments are renovated tastefully and you just have to see the 3 bedroom apartment to believe it. Gorgeous building with unlimited potential for income, and it's already generating revenue for YOU! Schedule your private showing today, this location will not last long!!!

Listing Details MLS# 502649

General Property Information

Living Area
11145
Building Area Source
Assessor
Year Built
1946
Lot Size Acres
0.133
Lot Size Square Feet
5793
Lot Size Dimensions
44 x 132
Waterfront YN
No
Stories
2

Property Features

Building Features: Acoustical Ceiling(s); Balcony; Business District Location; Enclosed Stair(s); Exterior Lighting; Multi Tenant; Open Dock(s) Construction Materials: Brick Cooling: Central Air Current Use: Mixed Use Electric: 200+ Amp Service Flooring: Varies Foundation Details: Block Heating: Forced Air Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Private Possession: Close Of Escrow Possible Use: Multi-Family Rail Availability: None Road Frontage Type: City Street Roof: Flat; Rubber Tenant Pays: None Utilities: Cable Available; Electricity Connected; Phone Available Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Auction YN
No
Original List Price
630000
Property Sub Type
Mixed Use
Listing Agreement
Exclusive Right To Sell
Occupant Type
Owner

Location Tax and Legal

Street Number
307
Street Name
Lincolnway
County
Porter
State
IN
Postal Code
46383
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
ONCE IN A LIFETIME OPPORTUNITY to own a gorgeous building right in downtown Valpo! Not only does this commercial building boast a 1 bedroom & 3 bedroom apartment for rentals on the second story but also two long standing businesses that are flourishing in the two storefronts on the main level. It also has unharnessed potential in the full dry basement with tall ceilings. You will not believe how great of shape this building is in. The visibility at this location is outstanding, the immense foot traffic keeps these businesses booming. The apartments are renovated tastefully and you just have to see the 3 bedroom apartment to believe it. Gorgeous building with unlimited potential for income, and it's already generating revenue for YOU! Schedule your private showing today, this location will not last long!!!

Status Change Information

Major Change Timestamp
2021-11-30T12:55:32Z
Major Change Type
Status Change
Status Change Timestamp
2021-11-30
Offer Acceptance Date
2021-10-14
Close Date
2021-11-30
Close Price
630000
Concessions
No
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
N

Frontage Type

Frontage Length
44

Income and Expenses

New Taxes Expense
4124

Showing Requirements

Showing Instructions
LA must be present.

Historical Information

Public Historical Remarks
Zoning: COMM, Utilities: On, Parking: Public Parking, Fire Protect: Fire Extinguishers
Listing Office: Realty Executives Premier
Last Updated: February - 24 - 2024
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