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551 Locust Street, Valparaiso, IN 46383

Valparaiso
Local realty services provided by:CENTURY 21 Circle
Listed by: lisa gaff, corydon gaff
Office: white hat realty group, llc.219-315-2505
MLS#:845058
Source:Northwest Indiana AOR as distributed by MLS GRID
551 Locust Street,Valparaiso, IN 46383
$210,000
  • 0.17 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$210,000

About this home

Prime RT-Zoned Lot Near Valparaiso University -- Build Your Vision Rare opportunity in the heart of Valparaiso: a 66' x 112' (7,392 sq ft) lot just steps from Valparaiso University, zoned Residential Transition (RT) -- one of the most flexible and sought-after zoning classifications in the city. This RT designation opens the door to two distinct paths, making this lot equally attractive to homeowners and investors alike: For the Single-Family Buyer: Design and build a custom home in a walkable, established neighborhood minutes from VU's campus, downtown Valparaiso's shops and restaurants, and easy highway access. Public water and sewer are already available at the street, simplifying your build timeline and reducing upfront infrastructure costs. For the Builder or Investor: RT zoning allows for the potential construction of a multi-family building on this site, subject to City of Valparaiso approval -- a compelling opportunity to create rental units in a market with a built-in,...

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Home facts

  • Subdivision & Development:Smiths Add
  • Listing ID #:845058
  • Added:45 day(s) ago
  • Updated:October 25, 2026 at 02:50 PM

Rooms and interior

  • Basement Description:No Basement

Structure and exterior

  • Lot area:0.17 Acres
  • Lot Features:Corner Lot

Utilities

  • Water:Public

Finances and disclosures

  • Price:$210,000
  • Tax amount:$946 (2024)
Based on information submitted to the MLS GRID as of October 25, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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