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Olga Vega

olga@legacyrealtygroupllc.com +1(219) 588-9494

$ 899,000

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301 Washington Street Valparaiso, IN 46383

7,784 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 7,784 sqft

Price per Sqft $115

Subdivision Valparaiso

MLS Listing ID 835494

Year Built 1910

Annual Tax Amount $14,923

Tax Year 2024

Lot Size 8,712 Sqft

Property Sub-Type Hotel/Motel

Property Description

301 Washington Street, known locally as The Valparaiso Inn, presents a rare hospitality and live work investment opportunity in the heart of Valparaiso's Washington Street Historic District just three blocks from the downtown square. This distinguished Neo Colonial Revival property has undergone an extensive restoration with half a million dollars invested to preserve its historic character while modernizing key systems and infrastructure. The four level property offers a flexible layout ideal for boutique hospitality, short term rental, or owner operator business use. Interior features include hardwood floors, tall bay windows, three decorative fireplaces, and multiple gathering spaces complemented by a chef's kitchen with granite countertops, travertine tile, and Viking appliances. The second level includes five spacious guest suites each with private ensuite baths and a dedicated laundry area. The third floor provides two additional bedrooms and a shared bath, possibly allowing for expanded guest accommodations or flexible use. The finished daylight basement includes a fully equipped studio suite with kitchen, living area, bedroom, bath, and second laundry, creating an ideal private owner residence or additional possible rental suite. The property is currently zoned residential but carries an approved zoning variance allowing operation as a bed and breakfast and the variance may transfer with the sale. With seven guest rooms plus a separate lower level suite, the property offers strong potential for six plus figure annual revenue in Valparaiso's growing tourism and event driven market. Located within walking distance to downtown dining, retail, parks, and year round festivals, this one of a kind historic asset combines lifestyle, hospitality, and income producing potential in one of Northwest Indiana's most desirable downtown corridors.

Location

State IN

County Porter

Zoning Residential

Rooms

Basement Daylight, Full, Finished

Interior

Interior Features Ceiling Fan(s), Walk-In Closet(s), Soaking Tub, Other, Open Floorplan, Kitchen Island, High Ceilings, Granite Counters, Entrance Foyer, Crown Molding

Heating Forced Air, Zoned

Cooling Central Air, Zoned

Flooring Hardwood, Tile

Fireplace No

Appliance Dryer, Water Softener Owned, Water Heater, Washer, Stainless Steel Appliance(s), Range Hood, Refrigerator, Other, Gas Range, Dishwasher

Exterior

Exterior Feature Lighting, Rain Gutters, Private Yard

Parking Features Attached, Additional Parking, On Street, Garage Faces Rear, Driveway, Off Street

Utilities Available Cable Available, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected

Roof Type Shingle

Building

Lot Description Back Yard, Near Public Transit, Landscaped, Front Yard, Few Trees, Corner Lot

Story 3

Structure Type Wood Siding

Schools

Elementary Schools Central Elementary School

Middle Schools Benjamin Franklin Middle School

High Schools Valparaiso High School

School District Valparaiso

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by @properties/Christie's Intl RE

Olga Vega

Managing Broker License ID: RB14047917

+1(219) 588-9494

Olga Vega

301 Washington Street Valparaiso, IN 46383

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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301 Washington Street