1608 Firestone Ln - Industrial FOR SALE


Valparaiso, IN 46383
$495,000 USD
972-755-5223
1608 Firestone Ln, Valparaiso, IN for Sale
$495,000 USD
Industrial - FOR SALE
1/5
null | Request Cap Rate

1608 Firestone Ln
Valparaiso, IN 46383


HIGHLIGHTS

  • Partially Occupied 4,922-Square-Foot Multi-Tenant Flex Asset Situated on 0.34 Acres
  • Featuring Metal Construction, 14' Clear Height, Three Grade-Level Doors, 3-Phase Power, & 25 Parking Spaces
  • 2025 Renovations to 1,500 Square Feet of Office Space Occupied by Construction Company
  • 3,422 Square Feet of Vacant Warehouse Space Available for Owner Use or Lease-Up Opportunity | Asset Priced Well Below Replacement Costs
  • Close Proximity to U.S. 30 & S.R. 49 Interchange
  • Outperforming Porter County Submarket with 2.8% Vacancy vs. 7.8% National Average

OVERVIEW

The property is a partially occupied 4,922-square-foot multi-tenant flex asset situated on 0.34 acres. It features metal construction, 14' clear height, three grade-level doors, 3-phase power, and 25 parking spaces. The property's design allows for efficient use of space and easy access for tenants. The metal construction provides a durable and low-maintenance exterior. The property's size and layout make it an ideal location for a variety of businesses. The 25 parking spaces provide ample parking for employees and customers. The property's location on 0.34 acres allows for potential future expansion. In 2025, the property underwent renovations to its 1,500-square-foot office space, which is currently occupied by a construction company. The remaining 3,422 square feet of vacant warehouse space is available for owner use or a lease-up opportunity. This vacant space provides a chance for the owner to generate additional income through leasing or to use the space for their own business operations. The asset is priced well below replacement costs, providing a potential buyer with a valuable investment. With close proximity to the interchange between U.S. Route 30 (East Morthland Drive) and Indiana State Road 49, the property provides easy access to major thoroughfares. The property is strategically positioned in the outperforming Porter County submarket with a low vacancy rate of 2.8 percent, significantly lower than the national average of 7.8 percent (CoStar).

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1608 Firestone Lane

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.34

LAND SF

14,810

ZONING

CG

APN/PARCEL ID

64-10-19-330-001.000-004

ASK ABOUT THIS PROPERTY

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

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Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.