2801 Leonard Drive, Valparaiso, IN 46383
sale
$750,000
|
Office
Courtesy Of Seramur Properties LLC
INVESTMENT OR OWNER USER OPPORTUNITY! LOCATION LOCATION LOCATION! 3000 sqft Medical Building in Valparaiso's Eastport Center Commercial Park. With Rt 49 in the backyard, you have TRUE 49 EXPOSURE allowing for PRIME ADVERTISING POTENTIAL! Positioned along highly traveled Route 49, this approximately 3,000 SF commercial building offers excellent visibility, prominent signage, ample parking, and a versatile medical/professional-office layout. Building currently houses a waiting room, reception area, 6 exam rooms, 1 procedure room, multiple office spaces, 1 central lab/nursing station, Conference room/Break room, 1 large filing room/utility room, and 2 accessible restrooms. Building has 1 large gurney sized door and 3 skylights providing abundant natural light. Updates include 2 NEW High-Efficiency, Commercial Grade HVAC systems, NEW Water Heater. Metal Roof was installed in 2007, and was resealed in 2024. Parking lot has been well maintained with resealing every other year. Lighted signage at front and rear of property. Prime location with access off Rt 30 as well as Rt 2/LaPorte Ave. Building would be well suited for medical/therapeutic space, or professional office such as accounting, insurance, financial planning, etc. OWNER-USERS: Take advantage of immediate occupancy and a well-appointed building with established medical-office infrastructure. INVESTORS: Explore the property's income-producing potential with an estimated market rental rate of 20/SF NNN, representing approximately 60,000 in projected annual base rental income and a potential 8.0 percent capitalization rate at the asking price, assuming full occupancy and recovery of operating expenses. Offered at 750,000. Investment projections are estimates only. Property is currently vacant, and no rental income is guaranteed. Cap Rate is a projected return based on successful leasing--not income already being generated by the property.
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Property Features
- Age: 11-20 Years Old
- Appliance: Water Heater
- Heating System: Energy Star Qualified Equipment (Heating)
- Heating System: Forced Air
- Heating System: Natural Gas
- Legal Description: REPLAT OF LOT 4 EASTPORT CENTRE FOR COMMERCE & INDUSTRY LOT 4A 1.05A TIF
- MLSID: 843198
- Parking Spaces: 21
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