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$499,000
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Property Description
3,744 SF building zoned for heavy industrial located just South of downtown Valparaiso on Franklin Street. This metal building was recently renovated and is part office, part warehouse. The office space is roughly 2,300 SF and consists of 5 private offices, a showroom/reception area, large conference room, and 2 restrooms. The warehouse is approximately 1,500 SF with radiant heat, one 10 foot overhead door, and three-phase electrical service. Paved/gravel parking lot with parking for up to 20 vehicles. Great opportunity to own an industrial building located close to downtown Valparaiso. Call today to schedule your showing.
Full Property Details
Full Property Details for 551 S Franklin St
General
- Sold For: $499,000
- Taxes: $3,981 (2024)
- Status: Closed
- Type: Industrial
- Source: GNIAR
- MLS ID: 821022
- Added to Site: 242 day(s) ago
Interior
- Interior Features: None
- Appliances: None
Exterior
- Exterior Features: Lighting
Parking
- Parking Features: Asphalt, Gravel
Location
- County: Porter
- Township: Center
- Driving Directions: Head South on Franklin Street from downtown Valparaiso. Cross the railroad tracks and it is the third building on the left.
Heating & Cooling
- Heating Type: Central, Forced Air
Structural Information
- Square Feet: 3,744
- Year Built: 1978
Lot Features
- Lot Size (Acres): 0.4
- Lot Size (Sq. Ft.): 17,424
- Lot Features: Few Trees, Paved, Rectangular Lot
Financial Considerations
- Tax Amount: $3,981.37
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: COUNCILS ADD PT BLKS 26 & 27 Desc Dr429 P120
- Property ID: 640925130004000004
Listed by Century 21 Alliance Group
Sold by Seramur Properties, LLC
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Schools
Schools serving 551 S Franklin St
School District:Valparaiso Community Schools
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Valparaiso, IN 653 Hayes Leonard Road, Valparaiso, IN 46385 | K-5 | 1.8 mi |
Benjamin Franklin Mid School 605 Campbell Street, Valparaiso, IN 46385 | 6-8 | 0.9 mi |
Valparaiso High School 2727 Campbell Street, Valparaiso, IN 46385 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 551 S Franklin St
Date
Details
Price
Change
Source
8/22/2025
Sold
$499,000
—
MLS
5/19/2025
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
551 S Franklin Street, Valparaiso, IN 46383 (MLS# 821022) is a Industrial property that was sold at $499,000 on August 22, 2025. Want to learn more about 551 S Franklin Street? Do you have questions about finding other Industrial real estate for sale in Valparaiso? You can browse all Valparaiso real estate or contact a Coldwell Banker agent to request more information.

