Convalescent Nursing Home
For Sale
$299,000
1817 S Park Avenue, Alexandria, IN 46001
Commercial Sale, Alexandria, IN
Property Size29,115 SF
Lot Size4.48 Acres
Price / SF$10.27
Days on Market56
Property Features for 1817 S Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Elementary school
Alexandria Monroe Elementary School
Middle school
Alexandria-Monroe Jr./Sr. High School
Elementary school district
Alexandria Community School Corp
Middle school district
Alexandria Community School Corp
High school district
Alexandria Community School Corp
Directions
GPS Friendly
Subdivision
4805 - Madison - Monroe
Standard status
Active
APN
480630200031000022
Lot size
4.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt W2 Nw 4.4780Acres Str: 30218 Section: Plat: 00 In: Out:
Legal Description
Pt W2 Nw 4.4780Acres Str: 30218 Section: Plat: 00 In: Out:
Building Details
Year built
1971
Floors in Building
1
Listing Agency:
RE/MAX Real Estate Solutions · RE/MAX International
(765) 640-1900
Listed By:
Sonya Pickett · License #RB14045648
(765) 640-1900
Added: Jun 28
Changed: Aug 19
Last Checked: Aug 22 at 7:06AM
MLS# 22110227
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a formal convalescent nursing home building with a total size of 29,115 square feet. The facility has been vacant for several years and is being sold in as-is condition. With its healthcare institutional footprint, it may be suited for buyers evaluating redevelopment, re-tenanting, or alternative uses compatible with the existing improvements.
The property is located on State Road 9 North in Alexandria, Indiana, on a 4.48-acre site. It is positioned in a high-traffic count location, which can support a variety of commercial uses where visibility and accessibility matter. The property is in Madison County and is zoned B-2.
For buyers looking for an institutional building with significant existing improvements, the as-is offering provides a starting point for planning adaptive reuse or a new operator. Prospective buyers and tenants should verify suitability for their intended use under the current B-2 zoning and confirm the condition and scope of work needed given the vacancy history.
The property is located on State Road 9 North in Alexandria, Indiana, on a 4.48-acre site. It is positioned in a high-traffic count location, which can support a variety of commercial uses where visibility and accessibility matter. The property is in Madison County and is zoned B-2.
For buyers looking for an institutional building with significant existing improvements, the as-is offering provides a starting point for planning adaptive reuse or a new operator. Prospective buyers and tenants should verify suitability for their intended use under the current B-2 zoning and confirm the condition and scope of work needed given the vacancy history.
Key Highlights
- 1971‑built formal convalescent nursing home building
- 29,115 SF building included in the sale
- Located on State Road 9 North
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46001, IN
10,676
Population
5,065
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
77.2 sq mi
ZIP Area
138
Density / Sq Mi
$66,379
Median Household Income
$42,283
Median Earnings
$875
Median Rent
$136,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Nursing home - Vacant nursing home property in a high-traffic area, offered as-is for conversion or continued healthcare use.
Where is this nursing home located?
The property is located at 1817 S Park Avenue Alexandria, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1971‑built formal convalescent nursing home building; 29,115 SF building included in the sale; Located on State Road 9 North
