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    655 N Indiana Ave Englewood, FL 34223

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    For Sale
    $1,450,000

    Medical complex with income opportunity for sale in Englewood.

    Lot size:
    0.95 Acres

    Property Features for 655 N Indiana Ave

    General Information

    Lot size
    0.95 Acres

    Building Details

    Year built
    1991

    Source: ASSET AND KEY Agent Bradley Meinck, PLL

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

    Overview

    Medical Complex For Sale

    This owner-user medical complex offers an income opportunity, featuring a total of 9,698 square feet of building space situated on 0.95 acres. The property is zoned OPI (Office, Professional, or Institutional), which allows for various uses, including mixed-use developments. The owner currently occupies 3,472 square feet of medical office space and will vacate upon closing. A tenant occupies the 5,266-square-foot building, and the revenue generated from this space can potentially offset the owner's expenses. There is a garage located behind the medical office, which could be used by the owner or generate additional income. The property benefits from high traffic counts of 23,000 vehicles per day. A new roof on both buildings was completed in 2025. Seller will consider 5.5% owner financing on qualified buyers.
    Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Similar Places Nearby

    Englewood Animal Hospital, Grace Veterinary Clinic, Gilkison Janis DVM

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Charlotte
    State
    Florida
    Longitude
    -82.3532696
    Latitude
    26.9740521

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    FAQs

    What type of property is this?
    Medical office - Medical complex with income opportunity for sale in Englewood.
    Where is this medical office located?
    The property is located at 655 N Indiana Ave Englewood, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Owner-user medical complex with income opportunity, owner vacating 3,472 sq ft at close.; - Existing tenant in 5,266 sq ft building provides income to offset owner's costs.; - OPI zoning allows for various uses, including mixed-use.
    (727) 625-1100
    Request Owner's contact information
    655 N Indiana Ave Englewood, FL 34223
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    655 N Indiana Ave
    Englewood, FL 34223
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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

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    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
    655 N Indiana Ave Englewood, FL 34223
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