Single-Tenant Medical Office
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For Sale
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200 THIRD CT SE, Demotte, IN 46310
Net-leased healthcare facility with an extended lease, annual escalations, and a five-year renewal option.
Property Size8,920 SF
Price / SF$239.01
Days on Market5
Property Features for 200 THIRD CT SE
General Information
Standard status
Active
Size
8,920 SF
Property subtype
Retail, Office
Additional Details
Office Units
1
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
The Boulder Group
Listed By:
Randy Blankstein · License #IL 471005983
(847) 562-0003
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 4:18AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This 8,920-square-foot medical office building is occupied by NorthShore Health Centers, a nonprofit Federally Qualified Health Center serving Northwest Indiana. The organization provides primary care, dental, behavioral health, women’s health, and pediatric services, and has operated at this location since January 2022.
The lease has been extended through December 2031 and includes 2% annual rental escalations during the remaining term, plus one 5-year renewal option. The property fronts US Route 231, a corridor carrying 13,000 vehicles per day, and sits within an established retail area near Ace Hardware, CVS Pharmacy, McDonald’s, O’Reilly Auto Parts, and other national and regional retailers. Approximately 14,000 residents live within five miles of the property. The asset is located in DeMotte, within Jasper County.
The lease has been extended through December 2031 and includes 2% annual rental escalations during the remaining term, plus one 5-year renewal option. The property fronts US Route 231, a corridor carrying 13,000 vehicles per day, and sits within an established retail area near Ace Hardware, CVS Pharmacy, McDonald’s, O’Reilly Auto Parts, and other national and regional retailers. Approximately 14,000 residents live within five miles of the property. The asset is located in DeMotte, within Jasper County.
Key Highlights
- 8,920‑square‑foot medical office building occupied by NorthShore Health Centers
- Lease extended through December 2031 with 2% annual rental escalations
- One 5‑year renewal option included in the lease
Property Analytics
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46310, IN
14,126
Population
5,800
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
63.4 sq mi
ZIP Area
223
Density / Sq Mi
$81,083
Median Household Income
$50,805
Median Earnings
$1,060
Median Rent
$213,500
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Net-leased healthcare facility with an extended lease, annual escalations, and a five-year renewal option.
Where is this medical office space located?
The property is located at 200 THIRD CT SE Demotte, IN.
What is the asking price?
The asking price for this property is $2,132,013.
What are key features of this property?
This property features: 8,920‑square‑foot medical office building occupied by NorthShore Health Centers; Lease extended through December 2031 with 2% annual rental escalations; One 5‑year renewal option included in the lease
