$649,500 Price Analysis 702 LincolnwayValparaiso, IN 46383 1 bed 6 bath 3,756 SqFt ($172/SqFt) 7,144SqFt lot. Built 1900 Listed 2024-01-29, Taxes $6,645 | Ⓧ USDA Ineligible due to location near Valparaiso |
Bring your business ideas to life with this versatile downtown Valparaiso property. Located at the east end of downtown this property is zoned as Residential Transition. This creates many possibilities for residential or commercial use. The property currently is a cafe with wine service, an art gallery and an artist's studio. The main building features over 2, 400 square feet of space. The main floor features a kitchen, dining areas and a small retail space and 2 public restrooms.
The upper level includes 5 additional rooms plus a third public bathroom. The dry basement is fantastic for storage. The detached garage features 2 car stalls. Above the garage is a luxury 1 bedroom, 1 and 1/2 bathroom apartment built out in 2022. Apartment includes washer and dryer and can be sold furnished. Cafe furniture, fixtures and equipment list selling with the is available. Sellers are offering a turn-key opportunity. The roof and siding were replaced in 2018 or 2019. Recent upgrades include electrical and plumbing improvements and a new furnace and A/C unit fr the main floor. The overall condition of the property is excellent.
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Property MLS #544384 from NIRA
Year | Assessments Building + Land Total | Tax |
---|---|---|
2021 | $171,800 + $86,400 $258,200 | $6,645 |
2020 | $171,800 + $86,400 $258,200 | $6,752 |
2019 | $151,200 + $86,400 $237,600 | $6,300 |
2018 | $151,000 + $86,400 $237,400 | $6,292 |
2017 | $154,700 + $86,600 $241,300 | $6,357 |
2017 | $153,700 + $86,400 $240,100 | $6,357 |
2016 | $149,800 + $83,900 $233,700 | $5,890 |
2015 | $144,000 + $82,700 $226,700 | $5,769 |
2013 | $132,600 + $89,100 $221,700 | $6,012 |
2012 | $142,100 + $87,900 $230,000 | $6,206 |
2011 | $217,300 + $67,200 $284,500 | $7,443 |
2010 | $256,800 + $68,200 $325,000 | $6,500 |
2006 | $48,900 + $20,500 $69,400 | $1,835 |
2006 | $254,300 + $97,300 $351,600 | $1,835 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.