Retail Outparcel In Valparaiso Sold For $1.7M With Brokers Mitchell Kiven & Nicholas Kanich

A retail outparcel in Valparaiso, Indiana, has been sold for $1.7 million. The property, located at 3029 Calumet Avenue, encompasses 7,541 square feet and has a price per square foot of $225. It is part of the Cumberland Crossing Retail Center, which is shadow-anchored by the YMCA and features long-term tenants such as Salon Lofts, Venus Nails, and an Indiana Farm Bureau Insurance Agency.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,700,000
• Address: 3029 Calumet Avenue
• Market: Valparaiso, IN
• Square Footage: 7,541
• Price Per Square Foot: $225
• Brokers: Mitchell Kiven & Nicholas Kanich - Marcus & Millichap

The transaction involved brokers Mitchell Kiven and Nicholas Kanich, who are associated with Marcus & Millichap, indicating a professional representation in this sale. The property’s diverse tenant base contributes to its Class A designation, appealing to investors looking for reliable retail spaces.