Log In/Sign Up
Your email has been sent.
1608 Firestone Lane 1608 Firestone Ln 4,922 SF Vacant Industrial Building Valparaiso, IN 46383 $495,000 ($100.57/SF)
Investment Highlights
- Partially Occupied 4,922-Square-Foot Multi-Tenant Flex Asset Situated on 0.34 Acres
- 2025 Renovations to 1,500 Square Feet of Office Space Occupied by Construction Company
- Close Proximity to U.S. 30 & S.R. 49 Interchange
- Featuring Metal Construction, 14' Clear Height, Three Grade-Level Doors, 3-Phase Power, & 25 Parking Spaces
- 3,422 Square Feet of Vacant Warehouse Space Available for Owner Use or Lease-Up Opportunity | Asset Priced Well Below Replacement Costs
- Outperforming Porter County Submarket with 2.8% Vacancy vs. 7.8% National Average
Executive Summary
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).
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).
Property Facts
| Price | $495,000 | Lot Size | 0.34 AC |
| Price Per SF | $100.57 | Rentable Building Area | 4,922 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1979 |
| Building Class | C | Parking Ratio | 5.08/1,000 SF |
| Zoning | CG | ||
| Price | $495,000 |
| Price Per SF | $100.57 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.34 AC |
| Rentable Building Area | 4,922 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 5.08/1,000 SF |
| Zoning | CG |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 64-10-19-330-001.000-004 | Improvements Assessment | $295,300 |
| Land Assessment | $56,800 | Total Assessment | $352,100 |
Property Taxes
Parcel Number
64-10-19-330-001.000-004
Land Assessment
$56,800
Improvements Assessment
$295,300
Total Assessment
$352,100
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
