55-75 Morthland Drive

75 E Morthland Dr, Valparaiso, Indiana 46383

  • Property Subtypes Mixed Use
  • Building Size (RSF) 34,650 SF
  • Gross Building Area 34,650 SF
  • Building Status Existing
  • Sale Price $2,950,000.00 Total
  • Unit Price $85.14 per SF
  • Property Use Type Vacant/Owner-UserInvestment
  • Class of Space N/A
  • Total Land Size 16.32 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 7/15/2019
  • Days on Market 2456 Days
  • Status active

Overview / Comments

This is a wood, steel and brick sided multi-tenant building consisting of 33,747 total SF offering up to 821' of frontage on Morthland Drive (U.S. Highway 30). Presently this site is in unincorporated Porter County. Ideal for a variety of uses to include retail, office and some light industrial warehouse. Originally constructed as Valparaiso Lumber. Current tenants are Penske Truck Leasing and Ruff Inn Pet Boarding and Grooming. The building is located on 5.74 acres and is available for sale at $2,000,000 with an additional 10.6 acres of adjoining land with a US Highway 30 median cut available for sale at $950,000. Current zoning on both parcels is CH-High Intensity Commercial District. 2018 pay 2019 taxes for the building parcel are $12,086.96 and $4,853.06 for the additional land parcel totaling $16,940.02. Also available for lease for $5.00/SF. Located on the south side of Morthland Drive (U.S. Highway 30) just east of the stoplight intersection of S.R. 2. The property is just 3 miles west of the S.R. 49 interchange. Well located near Walgreen's, CVS, Speedway, restaurants, banking, shopping and just south of the Valparaiso Square. 2017 average daily traffic counts on U.S. Highway 30 at 27,094 cars per day.

Additional Details

  • Tax ID/APN 64-09-25-154-004.000-003
  • Number of Stories 1
  • Year Built 1950-01-01 00:00:00

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