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909 Washington - McGill Parking Lot
2.38 Acres of Commercial Land Offered at £469,455 in Valparaiso, IN 46383
Investment Highlights
- 2.38 acres within walking distance of downtown Valparaiso
- Former executive parking garage (4,797 sq ft) for 10 cars with secured entrance and heated parking
- Approx 1 acre of undeveloped land for building site with parking lot already in place
- Parking lot already in place for 105 marked spaces
- Unique redevelopment opportunity with frontage on 3 City streets
- Centrally located between Campbell St and Calumet, 2 primary N/S roads in Valparaiso
Property Facts
| Price | £469,455 | Property Subtype | Commercial |
| Sale Type | Owner User | Total Lot Size | 2.38 AC |
| No. Lots | 1 | Cross Streets | Bush |
| Property Type | Land |
| Price | £469,455 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.38 AC |
| Cross Streets | Bush |
1 Lot Available
Lot
| Price | £469,455 | Lot Size | 2.38 AC |
| Price Per AC | £197,250 |
| Price | £469,455 |
| Price Per AC | £197,250 |
| Lot Size | 2.38 AC |
2.38 acre City Block fronted by Lafayette, Washington, Bush & CN Railroad along N property line. Currently has asphalt lot with 105 marked spots & Exec parking garage for 10 vehicles with heat & 2 overhead doors. Approx 1 acre of grass & trees.
Description
Unique opportunity to own and redevelop the former parking lot / garage for McGill Manufacturing / Regal Beloit. Just 7 blocks from highly desirable downtown area allows for walking to restaurants, shopping and events held downtown. Road frontage on 3 City streets with quick and convenient access to Calumet and Campbell, 2 primary N/S streets in Valparaiso. Property includes maintained 105 marked asphalt parking lot and a 4,797 square foot enclosed / heated parking garage with 2 overhead doors formerly used for Sr Executive parking. Same owner has 7.45 acre parcel for sale ($1,250,000) West of subject property fronting Campbell Street and a 6.8 acre parcel with 226,000 (+/-) building for sale or lease. Offers will be reviewed on building property for sale or lease. A total of 16.63 acres could be assembled with adjacent parcels with common ownership. The primary building parcel of 6.8 acre parcel is under Voluntary Remediation Program under an agreement with IDEM. Environmental information affecting all 3 parcels is available upon execution of a Confidentiality Agreement.
PROPERTY TAXES
| Parcel Number | 64-09-24-104-001.000-004 | Improvements Assessment | £1,543,442 |
| Land Assessment | £247,194 | Total Assessment | £1,790,635 |
PROPERTY TAXES
zoning
| Zoning Code | CN Commercial Neighborhoo (Permitted uses attached for Valparaiso Commercial Neighborhood.) |
| CN Commercial Neighborhoo (Permitted uses attached for Valparaiso Commercial Neighborhood.) |
-
Tim Brust -
Wille, Stiener, & Brust, Inc.
Presented by
909 Washington - McGill Parking Lot
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