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205 Michigan Avenue Valparaiso, IN $ 1,260,000
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205 Michigan Avenue
$ 1,260,000
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205 Michigan Avenue

Valparaiso, IN, 46383
$ 1,260,000
Bedrooms-- Baths-- Sq 9,246

Monthly Estimate*

$ 7,758

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Commercial Property for sale in Valparaiso, IN

for $1,260,000. This 9,246 square foot building was built in 1920 on a lot size of 0.2.

Discover an exceptional investment opportunity with this charming, well-maintained 9 unit multifamily property. This building blends classic character and craftsmanship with thoughtful updates, creating a desirable living environment for tenants and a turnkey opportunity for investors. This property features a diverse unit mix ranging from studio to 3 bedroom apartments in the heart of Valparaiso. Situated in a convenient location near shopping, dining, and transportation this building has had a history of stable occupancy. Whether you're looking to expand your portfolio or seeking a reliable income-producing asset, this 9-unit property offers an ideal combination of charm and long-term growth potential. *Landlord pays for water & heat.

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Commercial Active

Price

$ 1,260,000

Property Type

Commercial

Taxes

$ 14,337

Style

Multi Family

Lot Size

0.2

Year Built

1920

Town/City

Valparaiso

County/Region

Porter

MLS | Web ID

839221
Features
General
Sewer Public Sewer
Heating Other
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Year Built 1920
Electric 100 Amp Service
Township Center
Property Subtype Multi Family
Tax Year 2024
County Porter
Property Type Commercial Sale
Subdivision Name Valparaiso
Building Features Multi Tenant Patio
Status Active
Directions Lincolnway west to Michigan avenue two blocks North to property 205 Michigan Ave Valparaiso IN 46383
City Valparaiso
Lot Size Square Feet 8712
Listing Terms Cash Conventional
Tax Annual Amount 14337
Standard Status Active
Legal Description O S S1/2 LOTS 1 & 2 BLK 9
Assoc/CIC None
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Exterior
Parking Features Attached Asphalt Alley Access Additional Parking Paved Off Street
Water Source Public
Total Parking 9
Lot Size Acres 0.2
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Madison Jirtle

Listing Agent

Evolution Real Estate Solution

Broker

maddiejirtle@gmail.com

Email

Affordability Calculator

$8,953
Per Month
87%
13%
0%
Monthly Principal & Interest
$7,758
Monthly Property Taxes
$1,195
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/20/2026$1,260,000 Listed Price

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205 Michigan Avenue, Valparaiso, IN, 46383 is a Commercial Property for sale at $1,260,000 with 9,246 sqft and a lot size of 0.2. 205 Michigan Avenue was built in 1920. The property's zip code is 46383 which is in Valparaiso, IN

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