Medical Office Building with
For Sale
$275,000
5424 E Us Highway 20, Rolling Prairie, IN 46371
Commercial Sale, Rolling Prairie, IN
Property Size2,244 SF
Lot Size0.50 Acres
Price / SF$122.55
Days on Market404
Property Features for 5424 E Us Highway 20
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking
16
Parking features
Off Street
Security features
Security System
Exterior features
Lighting, Rain Gutters
Appliances
Water Heater
Subdivision
Mid Pt N SD
Elementary school district
New Prairie United
Middle school district
New Prairie United
High school district
New Prairie United
Directions
US Hwy 20 to Rolling Prairie. Property is on the south side of US 20 near the junction of SR 2.
Standard status
Active
APN
460712300004000068
Size
2,244 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
78-07-12-300-004 MID PT N SD SW 1/4 S OF RR S12 T37 R2 .50 AC
Tax Annual Amount
1636
Legal Description
78-07-12-300-004 MID PT N SD SW 1/4 S OF RR S12 T37 R2 .50 AC
Utilities
Heating system
Forced Air, Natural Gas
Water source
Well
Building Details
Year built
1948
Listing Agency:
BHHS Executive Realty
(219) 663-1986
Listed By:
Jeffrey Albertson · License #RB14037232
(219) 871-2567
Added: Jul 21, 2025
Changed: Aug 19
Last Checked: Aug 28 at 11:06PM
MLS# 824726
Copyright © 2026 Greater Northwest Indiana 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.
This 2,244-square-foot medical office property offers a flexible interior with several office and exam rooms, plus a larger area that can support meetings, training, or shared work functions. The building was constructed in 1948 and includes a commercial-grade generator capable of powering the entire facility during outages. Two 200-amp electrical services, forced-air heating, natural gas, off-street parking, rain gutters, and a well support day-to-day operations.
Positioned along US Highway 20 in Rolling Prairie, the property benefits from an estimated traffic count of approximately 21,500 vehicles daily. The site is near the General Motors/Samsung EV Battery Plant and the Amazon Data Center Campus, placing the building within an area identified in the source information as experiencing regional economic development. The parcel contains 0.5 acres and is served by a private well.
Positioned along US Highway 20 in Rolling Prairie, the property benefits from an estimated traffic count of approximately 21,500 vehicles daily. The site is near the General Motors/Samsung EV Battery Plant and the Amazon Data Center Campus, placing the building within an area identified in the source information as experiencing regional economic development. The parcel contains 0.5 acres and is served by a private well.
Key Highlights
- 2,244‑square‑foot medical office building on 0.5 acres
- Commercial‑grade generator can power the entire facility during outages
- Multiple office and exam rooms with an additional spacious meeting area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,922
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,440
$458.4K
Cap Rate 7%
$327,457
$327.5K
Cap Rate 9%
$254,689
$254.7K
Market Conditions
NOI Build-Up for 2,244 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.7K $15.00/SF
− Vacancy
−$3.1K −$1.38/SF
EGI
$30.6K $13.62/SF
− OpEx
−$7.6K −$3.41/SF
NOI
$22.9K $10.22/SF
Area
LaPorte County, IN
Vacancy
9.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,440
Cap Rate 7%
$327,457
Cap Rate 9%
$254,689
Alternative Uses
Best Use
Healthcare Medical
$387.6K
$339.2K – $452.2K
NOI $27,134 @ 7.0% cap · market cap 9.87%
Second Best
Office B
$327.5K
$286.5K – $382.0K
NOI $22,922 @ 7.0% cap · market cap 8.34%
Theoretical Best
Specialty Retail
$623.8K
$545.9K – $727.8K
NOI $43,669 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46371, IN
3,680
Population
1,622
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
96%
High-School Grad
37.6 sq mi
ZIP Area
98
Density / Sq Mi
$95,154
Median Household Income
$47,460
Median Earnings
$1,694
Median Rent
$245,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- New Prairie Small Animal Clinic — 5424 US-20, Rolling Prairie, IN 46371
- Oak Knoll Veterinary Clinic — 5498 E Oak Knoll Rd, Rolling Prairie, IN 46371
Frequently Asked Questions
What type of property is this?
Medical Office Space - Adaptable professional space includes multiple exam rooms, offices, and a larger area for meetings or collaborative work.
Where is this medical office space located?
The property is located at 5424 E Us Highway 20 Rolling Prairie, IN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,244‑square‑foot medical office building on 0.5 acres; Commercial‑grade generator can power the entire facility during outages; Multiple office and exam rooms with an additional spacious meeting area
