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Indiana Route 149 Rt - Indiana Route 149 and 130

53.78 Acres of Commercial Land Offered at $1,575,000 in Valparaiso, IN 46385

Investment Highlights

  • Nearly Flat
  • Access to Valparaiso, Portage, and Chicago
  • Heavy Auto Traffic

Executive Summary

Excellent location with mixed commercial-residential development potential. On hard corner of Indiana State Routes 149 and 130. Featuring 1,300 linear feet of commercial frontage on Indiana 130 and 468 linear feet of frontage on Indiana 149. Fourteen (14) acres are zoned High Intensity Commercial. The remaining approximately 40 acres are zoned Rural Residential. There are currently 2 revenue generating billboards on the property. All utilities are nearly entirely to site. The land is mostly flat and is currently farmed. There is also a 5 acre pond on the property. Daily automobile counts are 8,400 and 8,150 respectively on Routes 149 and 130.

Financial Summary (Actual - 2023)

Annual Annual Per AC
Gross Rental Income $20,000 $371.89
Other Income - -
Vacancy Loss - -
Effective Gross Income $20,000 $371.89
Taxes $1,390 $25.85
Operating Expenses - -
Total Expenses $1,390 $25.85
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $20,000
Annual Per AC $371.89
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $20,000
Annual Per AC $371.89
Taxes
Annual $1,390
Annual Per AC $25.85
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $1,390
Annual Per AC $25.85
Net Operating Income
Annual -
Annual Per AC -

Property Facts

Price $1,575,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 53.78 AC

1 Lot Available

Lot

Price $1,575,000
Price Per AC $29,286
Lot Size 53.78 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
64-09-08-426-010.000-019
Land Assessment
$80,400
Improvements Assessment
$0
Total Assessment
$80,400
Annual Taxes
$1,390
Tax Year
2023 Payable 2024

zoning

Zoning Code Commercial - Residential (14 Acres are CH - Commercial High Intensity 40 Acres approximately are RR - Rural Residential)
Commercial - Residential (14 Acres are CH - Commercial High Intensity 40 Acres approximately are RR - Rural Residential)
  • Listing ID: 32003666

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: Indiana Route 149 Rt, Valparaiso, IN 46385

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