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4 W US Hwy 6 5,988 SF 100% Leased Retail Building Valparaiso, IN 46385 $539,000 ($90.01/SF)



Investment Highlights
- Corner positioning at U.S. Highway 6 and Meridian Road with strong traffic visibility.
- Includes liquor license with sale
- Just minutes from downtown Valparaiso and major regional transportation routes.
- Nearly 3 acres offering ample outdoor space and potential for future expansion.
- Flexible redevelopment possibilities suitable for retail, professional, or mixed-use operations.
Executive Summary
This commercial property at 4 W U.S. Highway 6 offers a distinctive opportunity on a highly visible corner in Valparaiso, near the entrance to Northwest Health – Porter Regional Hospital. Spanning nearly 3 acres with a 5,988-square-foot structure, the site combines versatile redevelopment potential with existing restaurant infrastructure. It was previously operated as the Icehouse Bar & Grill and includes a liquor license as part of the sale.
Positioned on U.S. Highway 6 and Meridian Road, this location benefits from strong regional traffic and connectivity to major thoroughfares serving Porter County and the broader Northwest Indiana market. The property is well-suited for investors or owner-users seeking a presence in a medical-driven trade area, recreational corridor, or mixed-use environment. With ample land for parking or expansion, this site accommodates a range of business concepts, from retail and hospitality to medical facilities or professional services.
Positioned on U.S. Highway 6 and Meridian Road, this location benefits from strong regional traffic and connectivity to major thoroughfares serving Porter County and the broader Northwest Indiana market. The property is well-suited for investors or owner-users seeking a presence in a medical-driven trade area, recreational corridor, or mixed-use environment. With ample land for parking or expansion, this site accommodates a range of business concepts, from retail and hospitality to medical facilities or professional services.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,988 SF
Building Class
C
Year Built
1929
Price
$539,000
Price Per SF
$90.01
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.05
Lot Size
2.90 AC
Zoning
C-1 - Commercial
Parking
90 Spaces (6.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 64-06-26-226-019.000-006 | Improvements Assessment | $136,800 |
| Land Assessment | $55,600 | Total Assessment | $192,400 |
Property Taxes
Parcel Number
64-06-26-226-019.000-006
Land Assessment
$55,600
Improvements Assessment
$136,800
Total Assessment
$192,400
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Presented by
Century 21 Alliance Group
4 W US Hwy 6
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