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Medical Office Space with Exam Rooms
New
For Lease
$4,706/Mo

2020 S Western Ave, Marion, IN 46953

Configured with reception, private offices, exam rooms, bathrooms, and paved parking areas.

Space SizeContact for details
Days on Market3

Property Features for 2020 S Western Ave

General Information

Standard status Active

Additional Details

Space Use Medical Office

Building Details

Year Built 1990
Listing Agency: RE/MAX Realty One
Listed By: Sally Jenks · License #RB14036978
Source: Spencerchildersgroup
Added: Sep 18 Last Checked: Sep 19 at 2:51PM

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 RE/MAX Realty One

Investment Insights

Based on property information with market context.

This 3,017-square-foot medical office property occupies suites C and D within a six-unit strip building at 2020 S Western Ave in Marion, Indiana. The combined space was formerly used as a podiatry office and includes a large reception area, private offices, a file room, multiple bathrooms, and several exam rooms or additional office areas. The building was constructed in 1990.

Paved parking is available at both the front and rear of the property. The combined suites have separate gas, electric, and water meters. Ownership handles trash service, snow removal, exterior maintenance, and real estate taxes. The tenant is responsible for utilities, liability insurance, and interior repairs, including HVAC work.

Key Highlights

  • 3,017 SF medical office space in suites C and D
  • Former podiatry office with reception, private offices, file room, bathrooms, and exam rooms
  • Located within a six‑unit strip building constructed in 1990

Property Analytics

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Current Use

Eugene M. Macdonald, ... Physician Achilles Podiatry: Spaulding ... Physician Achilles Podiatry Group ... Medical Clinic BURN & PUFF SMOKE ... (Bike/Boat/Book/etc) Store Dungeon Gaming (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply HVAC Service Storage Facility

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
$2.81 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

246
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46953, IN

22,781
Population
10,095
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
84%
High-School Grad
85.6 sq mi
ZIP Area
266
Density / Sq Mi
$46,224
Median Household Income
$25,969
Median Earnings
$800
Median Rent
$88,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Configured with reception, private offices, exam rooms, bathrooms, and paved parking areas.
Where is this medical office space located?
The property is located at 2020 S Western Ave Marion, IN.
What is the lease rate?
The lease rate is $4,706/Mo.
What are key features of this property?
This property features: 3,017 SF medical office space in suites C and D; Former podiatry office with reception, private offices, file room, bathrooms, and exam rooms; Located within a six‑unit strip building constructed in 1990
More about this property
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