701 Lincolnway, Valparaiso, IN 46383 (MLS# 542967)

701 Lincolnway, Valparaiso, IN 46383

$625,000

Property Type: Commercial Sale Square Footage: 4,066 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $625,000 List Date: 12/20/2023 Last Modified: 2/20/2025

Overview

Description

All brick professional office building with PRIVATE ILLUMINATED parking lot, 2-car garage with opener, and illuminated MONUMENT SIGN! This office building has an open concept lobby with receptionist desk, common men's and women's restrooms, kitchenette area, and many private office suites that can cater to a wide range of business needs. 2 of the private offices have their own personal 1/2 bath. There is plenty of off-street parking, vacant lot next door ready for new devopment, and a large traffic count passing by! With the brick exterior, newer roof and gutters, fresh landscape, and great downtown location near the Valparaiso airport and 3 blocks from the new Linc development, this building is sure to impress. LOCATION IS KEY!

Listing Details MLS# 542967

General Property Information

Number Of Units Total: 9
Living Area: 4066
Building Area Source: Assessor
Year Built: 1979
Parking Total: 10
Lot Size Acres: 0.2
Lot Size Square Feet: 8712
Lot Size Source: Assessor
Lot Size Dimensions: 66x132
Waterfront YN: No
Basement YN: No
Stories: 0

Property Features

Building Features: Acoustical Ceiling(s); Exterior Lighting; Multi Tenant; Near Airport; Private Restrooms; Public Restrooms; Sheet Rock Ceiling(s); Skylight(s); Other Construction Materials: Brick Cooling: Central Air Current Use: Mixed Use; Office Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Carpet; Tile Foundation Details: Concrete Perimeter Heating: Central; Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Lighted; Open; Paved; Private Possession: Close Of Escrow; Negotiable Possible Use: Office; Other Rail Availability: None Road Frontage Type: City Street; Easement Roof: Composition; Wood Tenant Pays: None Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 775000
Property Sub Type: Office
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 701
Street Name: Lincolnway
County: Porter
State: IN
Postal Code: 46383
Subdivision Name: Woodhulls Add

Remarks and Miscellaneous

Public Remarks: All brick professional office building with PRIVATE ILLUMINATED parking lot, 2-car garage with opener, and illuminated MONUMENT SIGN! This office building has an open concept lobby with receptionist desk, common men's and women's restrooms, kitchenette area, and many private office suites that can cater to a wide range of business needs. 2 of the private offices have their own personal 1/2 bath. There is plenty of off-street parking, vacant lot next door ready for new devopment, and a large traffic count passing by! With the brick exterior, newer roof and gutters, fresh landscape, and great downtown location near the Valparaiso airport and 3 blocks from the new Linc development, this building is sure to impress. LOCATION IS KEY!

Status Change Information

Major Change Timestamp: 2025-02-20T14:30:41Z
Major Change Type: Status Change
Price Change Timestamp: 2024-07-16T15:37:44Z
Status Change Timestamp: 2025-02-20
Offer Acceptance Date: 2025-02-19
Close Date: 2025-02-20
Close Price: 625000
Concessions: No
Buyer Financing: Other

More Information

Exemption Information

Exemption YN: Y

Frontage Type

Frontage Length: 66

Showing Requirements

Showing Instructions: call listing agent to schedule showings

Historical Information

Public Historical Remarks: Utilities: On, Frontage Access: Public Road, Roof Structure: HIP, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4: 5778
Tax Annual Amount: 7000
Tax Year: 2023
Tax Legal Description: Legal Description: WOODHULLS ADD LOT 1 EX E4 S60 BLK 31
Parcel Number: 640924416004000004
Township: Center
Directions: from 49 and laporte ave heard west to office on the corner of lincolnway and greenwich
Cross Street: Greenwich

Construction Materials

Brick: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes
150 Amp Service: Yes
200+ Amp Service: Yes

Flooring

Carpet: Yes
Tile: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Central: Yes
Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Common: Yes
Lighted: Yes
Open: Yes
Paved: Yes
Private: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Road Frontage Type

City Street: Yes
Easement: Yes

Roof

Composition: Yes
Wood: Yes

Utilities

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

Water Source

Public: Yes

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

Tenant Pays

None: Yes

Current Use

Mixed Use: Yes
Office: Yes

Possible Use

Office: Yes
Other: Yes

Building Features

Acoustical Ceiling(s): Yes
Exterior Lighting: Yes
Multi Tenant: Yes
Near Airport: Yes
Private Restrooms: Yes
Public Restrooms: Yes
Sheet Rock Ceiling(s): Yes
Skylight(s): Yes
Other: Yes

Rail Availability

None: Yes

Listing Office: Pinnacle Realty, LLC

Last Updated: February - 20 - 2025

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