Indiana Route 149 Rt - Indiana Route 149 and 130
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Indiana Route 149 Rt - Indiana Route 149 and 130
53.78 Acres of Commercial Land Offered at £1,232,359 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 |
£15,649
|
£290.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£15,649
|
£290.98
|
| Taxes |
£1,088
|
£20.22
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£1,088
|
£20.22
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £15,649 |
| Annual Per AC | £290.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | £15,649 |
| Annual Per AC | £290.98 |
| Taxes | |
|---|---|
| Annual | £1,088 |
| Annual Per AC | £20.22 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | £1,088 |
| Annual Per AC | £20.22 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | £1,232,359 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 53.78 AC |
| Price | £1,232,359 |
| 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 | £1,232,359 | Lot Size | 53.78 AC |
| Price Per AC | £22,915 |
| Price | £1,232,359 |
| Price Per AC | £22,915 |
| Lot Size | 53.78 AC |
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PROPERTY TAXES
| Parcel Number | 64-09-08-426-010.000-019 | Total Assessment | £62,909 |
| Land Assessment | £62,909 | Annual Taxes | £1,088 |
| Improvements Assessment | £0 | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
64-09-08-426-010.000-019
Land Assessment
£62,909
Improvements Assessment
£0
Total Assessment
£62,909
Annual Taxes
£1,088
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) |
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Century 21 Alliance Group
Indiana Route 149 Rt - Indiana Route 149 and 130
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