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Ralston Paving Corp 651 Axe Ave

12,060 SF Retail Building Valparaiso, IN 46383 $799,000 ($66/SF)

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Investment Highlights

Includes an Industrial Building and Warehouse storage structure.

Apartment and Home on the property for additional rental income.

Executive Summary

2.93 Ac Property includes warehouse with storage space and possible apartment upstairs. Many possible uses. This is a great investment property as there are 3 tenants on the property. Current rents total $6700/mo ($600; $600; $5500). Great income potential.

Taxes & Operating Expenses (Actual - 2022)	Annual	Annual Per SF
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$9,451	$0.78

Taxes & Operating Expenses (Actual - 2022)

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$9,451
Annual Per SF	$0.78

Property Facts

Sale Type

Owner User

Property Type

Retail

Property Subtype

Auto Repair

Building Size

12,060 SF

Building Class

Year Built

1980

Price

$799,000

Price Per SF

$66

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.09

Land Acres

2.93 AC

Opportunity Zone

Yes

Zoning

M2 - Heavy Industrial

Parking

80 Spaces (1.24 Spaces per 1,000 SF Leased)

Frontage

415 FT on Axe Ave

Amenities

Storage Space

PROPERTY TAXES

Parcel Numbers	Multiple 64-09-25-130-014.000-004 64-09-25-130-015.000-004 64-09-25-130-016.000-004	Improvements Assessment	$212,400 (2023)
Land Assessment	$327,300 (2023)	Total Assessment	$539,700 (2023)