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$649,500   Price Analysis
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702 Lincolnway
Valparaiso, 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

Seller is motivated and says make an offer!

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 pos siblities 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 exceptional 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 for the main floor. The overall condition of the property is excellent.


Presented by Chuck VanderStelt at
Listing Leaders.
Listing Agent Photo

Property MLS #544384 from NIRA

Bedrooms: 1

Total Rooms: 8
Bathroom, Kitchen, Living Room, Other Room, Primary Bedroom
Primary Bedroom: 12.0 x 14.0
Primary Bedroom: 14
Primary Bedroom: 12
Primary Bedroom Sqft: 168
Other: 12.0 x 12.0
Other: 12
Other: 12
Other Sqft: 144
Other: 14.0 x 14.0
Other: 14
Other: 14
Other Sqft: 196
Other: 8.0 x 10.0
Other: 10
Other: 8
Other Sqft: 80
Other: 16.0 x 14.0
Other: 14
Other: 16
Other Sqft: 224
Other: 16.0 x 14.0
Other: 14
Other: 16
Other Sqft: 224
Basement Features: Crawl Space, Interior Entry
Living Room Dimensions: 16.0 x 12.0
Living Room Sqft: 192

Total Bathrooms: 6
Full Bathrooms: 1
1/2 Bathrooms: 5

Built-in Features
Entrance Foyer
High Ceilings
High Speed Internet
Kitchen Island
Natural Woodwork
Soaking Tub

Dishwasher
Dryer
Gas Range
Microwave
Refrigerator
Washer
Water Softener Owned

Heating Features: Forced Air, Natural Gas

Kitchen Dimensions: 12.0 x 16.0
Kitchen Sqft: 192

Private Yard
Storage
Deck
Porch
Patio And Porch Features: Deck, Porch
Road Surface Type: Paved

Lot Size Acres: 0.164
Lot Size Dimensions: 54' x 132'
Lot Size Square Feet: 7143

Garage Spaces: 2

View: City, Downtown

Elementary School: Parkview Primary School
High School: Valparaiso High School
High School District: Valparaiso
Middle School: Thomas Jefferson Middle School
School District: Valparaiso

Central Elementary School is a public elementary school located approximately 0.5 miles away.
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Benjamin Franklin Mid School is a public middle school located approximately 0.8 miles away.
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Valparaiso High School is a public high school located approximately 1.9 miles away.
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Tall Oaks Christian School is a private elementary school located approximately 1.1 miles away.
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Association Fee Frequency: Annual
Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 6720
Source Listing Status: Active
County: Porter
Directions: U.S. 30 to north on Washington St. Right on Lincolnway. Property is located on the south side of Lincolnway.
Tax Year: 2022
Source Property Type: Residential
Source Neighborhood: Dewolfs Sub
Postal Code Plus 4: 5730
Subdivision: Dewolfs Sub
Township: Center
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
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

Price Changed 2024-03-28
$649,500
NIRA
Price Changed 2024-03-14
$649,900
NIRA
Listed 2024-01-29
$699,900
NIRA
Sold 2004-02-20
$85,120
Public Record

Total Square Feet Living: 3756
Year Built: 1900
Above Grade Finished Area: 3756
Levels: Two
Property Age: 124
Total Area Sqft: 3756

Sewer: Public Sewer
Cable Available
Electricity Available
Natural Gas Available
Water Source: Public
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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.