Medical Office
1001 North Main Street Nappanee, IN 46550
1001 North Main Street, Nappanee, IN, 46550
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For Sale
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ADA-accessible medical office with 8 exam rooms, emergency room, X-ray room, and waiting/reception space.
Property Size13,165 SF
Price / SF$100.65
Days on Market84
Property Features for 1001 North Main Street
General Information
- Standard status
- Active
- Size
- 13,165 SF
- Property subtype
- Retail, Office
Listing agency
Bradley Company
(574) 849-5002
Listed by
Nikki Nickell · License #RB24002141
Source
Crexi
Added: May 1 Updated: Jul 23 at 1:41AM Checked: Jul 23 at 1:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradley Company
Investment Insights
Based on property information with market context.
This medical office building offers an ADA-accessible interior with 8 exam rooms, an emergency room, an X-ray room, and dedicated waiting/reception space. The property is presented with flexible retail/office options ranging from 300 to 1,300 SF alongside the 5,724 SF medical office component.
Located at 1001 North Main Street in Nappanee, the building provides easy access from Main St. (SR 19). Traffic counts are reported at 9,740 (2024), supporting convenient day-to-day patient and customer access.
The layout supports a mix of exam and service functions within the medical space, while the additional retail/office configurations provide options for smaller operators.
Located at 1001 North Main Street in Nappanee, the building provides easy access from Main St. (SR 19). Traffic counts are reported at 9,740 (2024), supporting convenient day-to-day patient and customer access.
The layout supports a mix of exam and service functions within the medical space, while the additional retail/office configurations provide options for smaller operators.
Key Highlights
- Medical office space with ADA accessibility
- Includes 8 exam rooms plus waiting/reception space
- Dedicated emergency room and X‑ray room
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $189.6k | $14.40 |
| − Vacancy | −$18.0k | −$1.37 |
| EGI | $171.6k | $13.03 |
| − OpEx | −$68.6k | −$5.21 |
| NOI | $102.9k | $7.82 |
13,165 SF · lease $14.40/SF/yr · vacancy 9.50% · expense 40.00%
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.82M
NOI $168,974 @ 7.0% cap · market cap 12.75%
Second Best
Office B
$1.94M
$1.70M – $2.27M
NOI $135,982 @ 7.0% cap · market cap 10.26%
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.84M
NOI $170,618 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Northwood Family Dentistry
Dental Office
Northwood Physicians Inc
Medical Clinic
Uniroyal-Naugahyde
Auto Parts Store
Baumgartner Joe A DDS
Dental Office
Fort Wayne Orthopedics
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Nappanee Veterinary Hospital — 151 W Lincoln St, Nappanee, IN 46550
FAQs
What type of property is this?
Medical Office Space - ADA-accessible medical office with 8 exam rooms, emergency room, X-ray room, and waiting/reception space.
Where is this medical office space located?
The property is located at 1001 North Main Street Nappanee, IN.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Medical office space with ADA accessibility; Includes 8 exam rooms plus waiting/reception space; Dedicated emergency room and X‑ray room
