1608 Firestone Lane — Sale in Valparaiso, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Valparaiso, IN 46383
  • Year built: 1979

Photos

1608 Firestone Lane — Sale in Valparaiso, IN, photo 1 of 2
1608 Firestone Lane — Sale in Valparaiso, IN, photo 2 of 2

Investment Figures

Cap rate
8.12%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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). Investment 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, Three-Phase Power and 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 and S.R. 49 Interchange • Outperform

Market Context

This industrial in Valparaiso, IN is listed for sale. It is offered at an approximate 8.1% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1979. Compare it against other industrial listings for sale in Valparaiso, IN — view the full market.

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