551 Locust Street, Valparaiso, IN 46383

Valparaiso
Local realty services provided by:Better Homes and Gardens Real Estate Connections
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,...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Subdivision & Development:Smiths Add
  • Listing ID #:845058
  • Added:4 day(s) ago
  • Updated:September 14, 2026 at 08:43 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 September 14, 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.

New listings near 551 Locust Street