214 Aberdeen Drive, Valparaiso, IN, 46385

Description

* NOI $70,740 * 9.43% Cap rate
* 100% LEASED * Term expires March 31, 2029
* Tenant may vacate should buyer want to occupy the building. * Built in 1998
* Many upgrades! * 2025 pay 2026 Real Estate Taxes $6,507.83 ($1.33/SF)

First time on the market! This two-story professional office building with finished lower level is available to investors or users. Built in 1998 and renovated 2000 into the current elegant office space with extensive custom wood molding, LED lighting throughout, extensive perimeter windows and some interior glass walls. Recent updates in 2021: new windows on 1st floor and exterior siding. 1st floor has 1,686 SF featuring vestibule, reception area, small conference, cubicle areas along both sides of the room, copy room, private office, unisex ADA restroom and closet. 2nd floor has 1,532 SF with open to view lower level, 3 private offices and large open area. Lower Level has 1,676 SF featuring large conference area with daylight windows, men's/women's restrooms, kitchen area, furnace room and large storage room, 3 private offices, large open area and equipped with sprinkler system serving the lower level only. Equipped with covered porch and handicap ramp.

Located in the Aberdeen subdivision, a mixed-use community blended with residential neighborhoods and commercial amenities, centered around The Course at Aberdeen, a public 18-hole golf course. The building is on the southwest side of Valparaiso on SR 2, 2 miles south of US 30, 3.5 miles west of SR 49, 12 miles east of I-65 and 12 miles south of I-94 via SR 49. Chicago is 55 miles northwest. Maple & Bacon, Tommy B’s, Aberdeen Manor, The 19th Hole and Snack Bar and Family Express are all within walking distance. Minutes away to downtown Valparaiso with numerous restaurants, retail and offices.

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