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Maintained Medical Facility with Expansion
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1506 Osolo Rd, Elkhart, IN 46514

Well-kept medical center with multiple reception areas, finished lower level, and parking for 100 on two roads.

Property Size14,710 SF
Lot Size2.25 Acres
Days on Market140

Property Features for 1506 Osolo Rd

General Information

Standard status Active
Size 14,710 SF
Total Parking Spaces 100
Lot size 2.25 Acres
Property subtype Office

Additional Details

Road Access Yes

Building Details

Tenancy Multi
Listing Agency: Berkshire Hathaway HomeServices Northern Indiana Real Estate
Listed By: Lori Snyder · License #IN RB14022203
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 12:22AM

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 Berkshire Hathaway HomeServices Northern Indiana Real Estate

Investment Insights

Based on property information with market context.

This well-maintained medical facility is currently operating with two tenants and includes additional space that could support added occupancy. The building totals 14,710 SF and features a finished lower level, with multiple reception areas plus finished break rooms.

The property is situated within a small medical park on 2.25 acres and includes 100 parking spaces. Easy ingress and egress are available via two separate roads, Osolo Road and Bristol Street.

Recent building systems updates are noted, including new roof, gutters, and heating and cooling units within the last five years. City water and city sewer service are in place. The property is also described as having room to expand the building and/or parking.

Key Highlights

  • 14,710 SF maintained medical facility with a finished lower level and multiple reception areas
  • Two tenants currently in place with room for additional tenants
  • Includes finished break rooms and flexible interior space suitable for many uses

Property Analytics

Current Use

Dr. David O. ... Physician Tanner Terrance N Counselor Family Practice Medical Clinic Carmela R Cowdrey Physician Beacon Medical Group ... Medical Clinic

Suggested Use

Top Pick Restaurant Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store Hair Salon

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

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

248
Businesses Nearby

Demographics for 46514, IN

42,048
Population
17,987
Households
2.3
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
38.7 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,784
Median Household Income
$40,909
Median Earnings
$1,084
Median Rent
$170,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical center - Well-kept medical center with multiple reception areas, finished lower level, and parking for 100 on two roads.
Where is this medical center located?
The property is located at 1506 Osolo Rd Elkhart, IN.
What are key features of this property?
This property features: 14,710 SF maintained medical facility with a finished lower level and multiple reception areas; Two tenants currently in place with room for additional tenants; Includes finished break rooms and flexible interior space suitable for many uses
(574) 849-5886 Call to check price and availability
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