301 Washington Street, Valparaiso, IN 46383

• 7,784 sqft

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.

Listing Status:

Active

Data Last Updated:

April 3, 2026 at 7:19AM

Listing Office:

@properties/Christie's Intl RE : (219) 531-2288

Listing Agent:

Hannah Trueblood :

MLS ID:

835494

Interior

• General: Ceiling Fan(s)Walk-In Closet(s)Soaking TubOtherOpen FloorplanKitchen IslandHigh CeilingsGranite CountersEntrance FoyerCrown Molding
• Appliances: DryerWater Softener OwnedWater HeaterWasherStainless Steel Appliance(s)Range HoodRefrigeratorOtherGas RangeDishwasher
• Laundry: Lower LevelUpper LevelSinkOtherLaundry Room
• Basement: DaylightFullFinished
• Heating: Forced AirZoned

Exterior

• General: LightingRain GuttersPrivate Yard
• Parking: AttachedAdditional ParkingOn StreetGarage Faces RearDrivewayOff StreetParking spaces: 2

Location

• Originating MLS: nira
• School District: Valparaiso
• County: Porter

Lot

• Zoning: O S LOT 1 BLK 4640924304002000004
• View: CityNeighborhood

Utilities

• Utilities: Cable AvailableWater ConnectedSewer ConnectedNatural Gas ConnectedElectricity Connected200+ Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira