Healthcare Facility Ready For
For Sale
Contact for pricing
10241 E County Road 100 N, Avon, IN
Vacant 21,923 SF healthcare facility suitable for redevelopment.
Property Size21,923 SF
Lot Size4.47 Acres
Price / SF$396.84
Days on Market312
Property Features for 10241 E County Road 100 N
General Information
Standard status
Active
Size
21,923 SF
Lot size
4.47 Acres
Property subtype
OFFICE
Listing Agency:
Corporate Commercial Group
Listed By:
Keith Dedrick · License #RB14029789
(317) 502-3622
Source:
Moodyscre
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 5 at 8:09PM
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 Corporate Commercial Group
Investment Insights
Based on property information with market context.
This property, formerly a 20-bed hospice facility, is now vacant and presents an opportunity for redevelopment or adaptive reuse. With a size of 21,923 square feet, the property is designed to accommodate healthcare operations, featuring an infrastructure and layout suitable for conversion into a nursing home or assisted living facility. The building provides a foundation for a transition into a new senior care environment or other healthcare use.
Key Highlights
- Ideal for redevelopment or adaptive reuse as a nursing home or assisted living facility.
- Formerly a 20‑bed hospice facility, providing a healthcare‑ready foundation.
- Existing infrastructure and layout designed to accommodate healthcare operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$269,632
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,392,640
$5.4M
Cap Rate 7%
$3,851,886
$3.9M
Cap Rate 9%
$2,995,911
$3.0M
Market Conditions
NOI Build-Up for 21,923 SF
Gross rent
$473.5K $21.60/SF
− Vacancy
−$24.2K −$1.10/SF
EGI
$449.4K $20.50/SF
− OpEx
−$179.8K −$8.20/SF
NOI
$269.6K $12.30/SF
Area
Hendricks County, IN
Vacancy
5.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,392,640
Cap Rate 7%
$3,851,886
Cap Rate 9%
$2,995,911
Alternative Uses
Best Use
Healthcare Medical
$3.85M
$3.37M – $4.49M
NOI $269,632 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$2.84M
$2.49M – $3.32M
NOI $199,103 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$5.50M
$4.82M – $6.42M
NOI $385,227 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Vacant 21,923 SF healthcare facility suitable for redevelopment.
Where is this senior housing / retirement home located?
The property is located at 10241 E County Road 100 N Avon, IN.
What is the asking price?
The asking price for this property is $8,700,000.
What are key features of this property?
This property features: Ideal for redevelopment or adaptive reuse as a nursing home or assisted living facility.; Formerly a 20‑bed hospice facility, providing a healthcare‑ready foundation.; Existing infrastructure and layout designed to accommodate healthcare operations.
