Vacant Assisted Living
For Sale
$100,000
1529 Lancaster St, Bluffton, IN 46714
Purpose-built senior housing and healthcare property with private accommodations, dining facilities, common areas, and support spaces.
Property Size36,194 SF
Lot Size3.77 Acres
Price / SF$2.76
Days on Market17
Property Features for 1529 Lancaster St
General Information
Standard status
Active
Size
36,194 SF
Lot size
3.77 Acres
Property subtype
Assisted Living Care
Amenities
Auction - Aug 3-5, 2026 | Starting Bid: $100,000
Vacant 36,194 SF Redevelopment Opportunity: 46-room, 90-bed facility available for immediate repositioning or re-tenanting.
Significant Below Replacement Cost Basis: 36,194 SF of institutional-grade infrastructure at a fraction of ground-up cost.
Broad Adaptive Reuse Flexibility: Supports senior housing, behavioral health, memory care, workforce, or multifamily conversion.
Purpose-Built Residential Infrastructure: Existing rooms, dining, and common areas reduce development cost and timeline.
Strong Senior Demographic Demand: 25%+ of the 5-mile population is aged 55+, with growth projected through 2030.
Northeast Indiana Regional Access: Wells County seat with I-69 connectivity to the greater Fort Wayne market.
Building Details
Year Built
1962
Buildings
1
Listing Agency:
Marcus & Millichap | Indianapolis
(317) 218-5315
Listed By:
Andy Van Zee · License #License(s): IN: RB19000870
(317) 218-5315
Source:
Marcusmillichap
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 6:16PM
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 Marcus & Millichap | Indianapolis
Investment Insights
Based on property information with market context.
This vacant, purpose-built senior housing and healthcare facility contains approximately 36,194 square feet across 46 rooms and 90 beds. Built in 1962, the property includes private residential accommodations, common areas, dining facilities, and support spaces. The improvements are situated on 3.77 acres and are configured for assisted living operations.
Located at 1529 Lancaster St in Bluffton, Indiana, the property is in the county seat of Wells County. The existing layout may support assisted living, memory care, behavioral health, substance abuse recovery, transitional housing, or multifamily conversion, subject to applicable requirements. Its current condition as a fully vacant facility allows for re-tenanting, repositioning, or redevelopment planning.
Located at 1529 Lancaster St in Bluffton, Indiana, the property is in the county seat of Wells County. The existing layout may support assisted living, memory care, behavioral health, substance abuse recovery, transitional housing, or multifamily conversion, subject to applicable requirements. Its current condition as a fully vacant facility allows for re-tenanting, repositioning, or redevelopment planning.
Key Highlights
- Approximately 36,194 square feet of senior housing and healthcare space
- 46 rooms and 90 beds
- 3.77‑acre property in Bluffton, Indiana
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46714, IN
15,411
Population
6,581
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
93%
High-School Grad
133.1 sq mi
ZIP Area
116
Density / Sq Mi
$63,468
Median Household Income
$37,439
Median Earnings
$817
Median Rent
$164,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Purpose-built senior housing and healthcare property with private accommodations, dining facilities, common areas, and support spaces.
Where is this assisted living facility located?
The property is located at 1529 Lancaster St Bluffton, IN.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Approximately 36,194 square feet of senior housing and healthcare space; 46 rooms and 90 beds; 3.77‑acre property in Bluffton, Indiana
