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    1320 W State Road 2 La Porte, IN 46350

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    For Sale
    $3,005,878

    New construction medical property with long-term lease and escalations.

    Property size:
    3,726 SF
    Lot size:
    1.00 Acre

    Property Features for 1320 W State Road 2

    General Information

    Size
    3,726 SF
    Lot size
    1.00 Acre

    Source: The Boulder Group - Corporate Agent Randy Blankstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    La Porte Medical Investment Property

    This property, constructed in 2023, is an outparcel in a shopping center. The property is leased to a medical tenant under a NNN lease, which provides minimal landlord responsibilities. The primary lease term has over 14 years remaining, with 10% rental escalations scheduled every five years. A corporate guaranty is in place. The property is located along State Road 2, which has a traffic volume of 13,850 vehicles per day. The surrounding area has a population of over 33,200 within a five-mile radius, with an average household income of $94,332 within the same radius. Neighboring tenants include Rural King, Dunham’s Sports, Walgreens, Ace Hardware, Advance Auto Parts, Burger King, and Dollar General. The property is located in proximity to La Porte High School, Northwest Health, and Franciscan Physician Health Center. The tenant is part of a network of over 250 locations.
    Location Intelligence

    Current Use by Public Records

    Fast Pace Health ... Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    La Porte Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.673294
    Latitude
    41.63247

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    FAQs

    What type of property is this?
    Medical office - New construction medical property with long-term lease and escalations.
    Where is this medical office located?
    The property is located at 1320 W State Road 2 La Porte, IN.
    What is the asking price?
    The asking price for this property is $3,005,878.
    What are key features of this property?
    This property features: - 14+ years remaining on the primary lease term, offering long-term stability.; - NNN lease structure ensures minimal landlord responsibilities, with no roof exposure.; - Benefit from a medical tenant, providing e-commerce resistant income.
    (847) 562-8500
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1320 W State Road 2 La Porte, IN 46350
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