2405 Morthland Dr - Valparaiso University Strongbow Property 8.07 Acres of Commercial Land Offered at $4,000,000 in Valparaiso, IN 46383

PRIME COMMERCIAL FRONTAGE ON US HWY 30 JUST WEST OF HWY 49. This is an 8.07 acre (+/-) parcel that combines multiple ownership (Valparaiso University and Valparaiso City Redevelopment Commission) for a unique opportunity to purchase vacant land with nearly 900' of frontage on US Hwy 30 at the fully lighted intersection of Silhavy Rd. The City has commenced construction on redirecting Silhavy Rd to create a conventional 90 degree intersection with US Hwy 30. Existing access created stacking issues and upon vacating of the existing frontage road and rerouting part of Silhavy Rd to a new roundabout will open up this parcel for redevelopment. See attached exhibit to show new entry, roundabout and relocation of a portion of Silhavy Rd.
The site is primarily rectangular in shape with approximately 900’ of frontage with a depth of 450’ (+/-). The site was formerly the location of the historical Strongbow Restaurant for decades and a former hotel was razed by the Valparaiso City Redevelopment Commission to create this parcel. The parcel will consist of all of the property to bordered by US Hwy 30 on the South, Hampton Inn to the East, the new / existing Silhavy Rd to the North and the under construction road and roundabout from the light at US Hwy 30.
This location offers high traffic counts and surrounded by development South of Hwy 30 anchored by Walmart, TSC, Staples, Taco Bell, Popeyes, Murphy’s, Kelsey’s and Chase Bank among others.
To the West is Valparaiso University, Speedway, Courtyard by Marriott, Bob Evans, and Wendy’s.
To the East is the Hampton Inn, Holiday Inn Express and the Silhavy Professional office building.
To the North development features nearly 60 acres that will be on the market shortly for a mixed use development which abuts Kohl’s and Home Depot which is adjacent to Target, Menards, Aldi’s, Chick-fil-A, McDonalds, Aldi's, Chili's, Best Buy, Marshalls, and other retailers. This area is the primary retail corridor of Valparaiso and the revised and improved Silhavy Rd access to US Hwy 30 will generate traffic as well as future development North and West of the proposed roundabout.
There is minimal buildable land available on US Hwy 30 in Valparaiso so this is a rare opportunity to start with an 8+ acre vacant parcel. It is also less than ¼ mile from Hwy 49, a major intersection with Hwy 30. The 8.07 acres (+/-) is comprised of land with 2 owners but marketed as 1 parcel. Final Purchase Agreements will reflect this but offers are to be made on the entire acreage.
The anticipated entrance road and roundabout are anticipated to be completed near the end of 2026 which will resolve a stacking issue and make access much easier.
The Valparaiso Redevelopment Commission which owns approx 1.83 of the total acreage will want to see the property developed and a development plan or concept for accepting offers. This is not intended to be a speculative purchase to hold and will be considered in the review of offers.