14
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$220,000
Est. payment /mo
2,488 SqFt
Pending
554 Locust ST Valparaiso, IN 46383
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 2,488 sqft
Price per Sqft $88
Subdivision Smith Add
MLS Listing ID 832940
Year Built 2001
Tax Year 2025
Lot Size 6,490 Sqft
Acres 0.149
Property Sub-Type Mixed Use
Property Description
Well-located 3-unit commercial building (built in 2001) situated in an established residential setting near Valparaiso's downtown core, Valparaiso University, and key community destinations. Excellent parking options with both on-site spaces and convenient street parking. The main level offers a vacant retail/office suite with lobby and reception area, private bathroom, open-concept workspace, and a full kitchen with all appliances. It could be ideal for a professional office, studio, client-facing service business, nonprofit headquarters, or mission-driven organization seeking an accessible and welcoming space for community impact. The unfinished basement provides exceptional utility and future potential with a poured concrete foundation, multiple washer/dryer hookups, two sump pumps, and an exterior walk-out stair, making it perfect for storage, operational space, programming needs, or future buildout (buyer to verify intended use). Upstairs are two efficiency apartments, creating built-in income potential to offset ownership costs or support a flexible live/work strategy. This property is positioned in a part of Valparaiso known for its established character, proximity to downtown amenities, and close connection to Valparaiso University - making it especially appealing for uses that benefit from visibility, accessibility, and community presence. The surrounding neighborhood offers a quieter, residential feel while remaining close to the energy of the city's core. A rare opportunity for an owner-occupant or investor seeking a mixed-use asset with strong parking, diversified income streams, and meaningful upside. With a vacant commercial space, unfinished lower level, and existing residential units, this building offers multiple paths to add value and bring a long-term vision to life in Valparaiso!
Location
State IN
County Porter
Interior
Interior Features Ceiling Fan(s), Pantry, Laminate Counters, Entrance Foyer
Heating Forced Air
Fireplace N
Appliance Dishwasher, Water Heater, Refrigerator, Other, Gas Range
Exterior
View Y/N true
View true
Building
Lot Description Corner Lot, Near Public Transit, Few Trees
Others
Tax ID 640925201009000004
Acceptable Financing NRA20260117202935905978000000
Listing Terms NRA20260117202935905978000000
Listed by @properties/Christie's Intl RE • Hannah Trueblood
NEARBY SCHOOL & BUSINESS
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