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Valparaiso, IN

1608 Firestone Lane

Address:
1608 Firestone Lane, Valparaiso, IN 46383
Property Type:
Multi Tenant
Price:
$495,000
Cap Rate:
8.12% pro forma cap
Square Feet:
4,922 sqft
Lot Size:
0.34 acres
Price Per Square Foot:
$100.57
Year Built:
1979
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

  • Partially Occupied 4,922-Square-Foot Multi-Tenant Flex Asset Situated on 0.34 Acres
  • Featuring Metal Construction, 14′ Clear Height, Three Grade-Level Doors, 3-Phase Power, and 25 Parking Spaces
  • 2025 Renovations to 1,500 Square Feet of Office Space Occupied by a Construction Company
  • 3,422 Square Feet of Vacant Warehouse Space Available for Owner Use or Lease-Up Opportunity | Asset Priced Well Below Replacement Costs
  • Close Proximity to U.S. 30 and S.R. 49 Interchange
  • Outperforming Porter County Submarket with 2.8% Vacancy vs. 7.8% National Average

Investment Overview

The property is a partially occupied 4,922-square-foot multi-tenant flex asset situated on 0.34 acres. It features metal construction, 14′ clear height, three grade-level doors, 3-phase power, and 25 parking spaces. The property’s design allows for efficient use of space and easy access for tenants. The metal construction provides a durable and low-maintenance exterior. The property’s size and layout make it an ideal location for a variety of businesses. The 25 parking spaces provide ample parking for employees and customers. The property’s location on 0.34 acres allows for potential future expansion.

In 2025, the property underwent renovations to its 1,500-square-foot office space, which is currently occupied by a construction company. The remaining 3,422 square feet of vacant warehouse space is available for owner use or a lease-up opportunity. This vacant space provides a chance for the owner to generate additional income through leasing or to use the space for their own business operations. The asset is priced well below replacement costs, providing a potential buyer with a valuable investment.

With close proximity to the interchange between U.S. Route 30 (East Morthland Drive) and Indiana State Road 49, the property provides easy access to major thoroughfares. The property is strategically positioned in the outperforming Porter County submarket with a low vacancy rate of 2.8 percent, significantly lower than the national average of 7.8 percent (CoStar).

BROKER OF RECORD
JULIA EVINGER
Indiana Broker of Record
510 East 96th Street, Suite 200
Indianapolis, IN 46240
Office (317) 218-5300
Julia.Evinger@MarcusMillichap.com
License: RB14040143
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0370352)