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Medical Office Space with Skybridge

1211 Union Ave, Memphis, TN 38104

For Lease
$2,179/Mo

Connected to Methodist University Hospital via an enclosed skybridge, ideal for medical and professional office use.

Space SizeContact for details
Days on Market139

Property Features for 1211 Union Ave

General Information

Standard status Active
Property subtype Healthcare

Site & Location

Neighborhood Midtown Memphis Development Corp.
Listing Agency: Memphis - Asset Services
Listed By: Ron Riley · License #274677
Source: Colliers
Added: Jun 22 Changed: Oct 25 Last Checked: Nov 6 at 5:49AM

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 Memphis - Asset Services

Rey
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Investment Insights

Based on property information with market context.

1211 Union Avenue is a medical office building in Memphis’ medical district, offering space suited to medical and professional users. A key feature of the property is its physical connection to Methodist University Hospital through an enclosed skybridge, supporting convenient, controlled movement between the building and hospital operations.

The building is positioned in Midtown within the region’s established healthcare employment area. It provides convenient access to Downtown Memphis and prominent local corridors, including Union Avenue and Poplar Avenue, with additional connectivity to major transportation routes.

For physician groups, healthcare providers, and related professional offices, the enclosed skybridge connection can help streamline patient and staff access between the hospital and office environment. The location also supports day-to-day convenience for patients and support services tied to the surrounding medical district.

Key Highlights

  • Enclosed skybridge connection to Methodist University Hospital
  • Physically connected for direct access to physicians, healthcare providers, patients, and medical support services
  • Located in Memphis’ Medical District in Midtown

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Hospital Hospital UT Methodist Physicians ... Physician UTMP Cardiology Physician Heart & Vascular Institute ... Medical Clinic Arrhythmia Consultants Medical Clinic

Suggested Use

Top Pick Furniture & Home Goods Home Appliance Store Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,877
Businesses Nearby
Under-served
Demand for This Use

Demographics for 38104, TN

22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Memphis, TN

$16.16 /SF/Yr
Avg Asking Price
$10.27–$25 /SF/Yr
Price Range
8,740 SF
Avg Space Size

This space is priced 26% below the average of $16.16 /SF/Yr.

Properties on Market for Medical Office Space in Memphis

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025

Similar Off Market Nearby

  • Jennifer Clay, DVM — 1157 Madison Ave, Memphis, TN 38104
  • Utopia Animal Hospital — 1157 Madison Ave, Memphis, TN 38104

Frequently Asked Questions

What type of property is this?
Medical Office Space - Connected to Methodist University Hospital via an enclosed skybridge, ideal for medical and professional office use.
Where is this medical office space located?
The property is located at 1211 Union Ave Memphis, TN.
What is the lease rate?
The lease rate is $2,179/Mo.
What are key features of this property?
This property features: Enclosed skybridge connection to Methodist University Hospital; Physically connected for direct access to physicians, healthcare providers, patients, and medical support services; Located in Memphis’ Medical District in Midtown
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