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Flexible Office Units with Elevator
For Lease
$16 SF/Yr

501 E Hospital Lane, Terre Haute, IN 47802

COMMERCIAL/INDUSTRIAL, Terre Haute, IN

Space Size1,000 SF - 10,781 SF
Lot Size1.15 Acres
Days on Market181

Property Features for 501 E Hospital Lane

General Information

Property type Residential
Property subtype Office
Zoning Commercial
Interior features Elevator, Carpeting, Restroom(s), Handicap Access
Accessibility Accessible Elevator Installed, Accessible Approach with Ramp
Subdivision Vigo County
Standard status Active
APN 84-09-09-226-003.000-005
Lot size 1.15 Acres

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Amenities

ADA compliant
covered drop-off entrance
ample parking
Listing Agency: GIBSON REAL ESTATE, INC.
Listed By: Carrie Smith · License #RB14039377
Added: Mar 12 Changed: Sep 5 Last Checked: Sep 8 at 5:06PM
MLS# 108780

Copyright © 2026 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Office units are available in configurations ranging from 1,000 square feet to 10,781 square feet within a commercial property at 501 E Hospital Lane. The building includes an elevator, restrooms, carpeting, central air, natural-gas forced-air heating, and accessible entry features including a ramp and covered drop-off entrance. Ample parking is also provided.

Multiple suites may be connected to create larger accommodations, allowing businesses to expand within the property. Tenant improvements are permitted as needed. The landlord covers property taxes, insurance, trash removal, and CAM fees, while utilities are separately metered and paid by the tenant. The site occupies 1.15 acres in Terre Haute, Indiana.

Key Highlights

  • Office suites from 1,000 square feet to 10,781 square feet
  • Multiple spaces can be connected for expansion
  • ADA‑compliant building with accessible elevator and ramp

Property Analytics

Current Use

Belarmino T Frogozo ... Physician Madsen Orthopedics Physician Gonzalez John W ... Physician Madsen Kurt DO Physician Robert A Chua Inc Medical Clinic

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Storage Facility Plumbing Service Bakery Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

864
Businesses Nearby

Demographics for 47802, IN

34,229
Population
14,682
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
158.8 sq mi
ZIP Area
216
Density / Sq Mi
$58,880
Median Household Income
$36,457
Median Earnings
$865
Median Rent
$165,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - ADA-compliant office space offers multiple configurations, covered arrival access, and room for tenant improvements.
Where is this office units located?
The property is located at 501 E Hospital Lane Terre Haute, IN.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Office suites from 1,000 square feet to 10,781 square feet; Multiple spaces can be connected for expansion; ADA‑compliant building with accessible elevator and ramp
More about this property
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