Hospital with Absolute NNN
New
For Sale
$43,886,000
2200 Market St, Charlestown, IN 47111
A modernized medical campus is scheduled to resume hospital operations in early fall 2026.
Property Size88,924 SF
Days on Market3
Property Features for 2200 Market St
General Information
Standard status
Active
Size
88,924 SF
Property subtype
Commercial
Lease Term
±15.2 YRS
Net Operating Income
$4,069,404
Additional Details
Road Access
Yes
Building Details
Building Size
88,924 SF
Tenancy
Single
Abandoned
No
Listing Agency:
Matthews Real Estate Investment Services
(818) 510-3158
Listed By:
Remi Bogdanovich · License #02236192 (CA)
(818) 510-3158
Source:
Matthews
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 7:05AM
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
The property is undergoing a studs-out renovation designed to return the facility to hospital use. Completion is scheduled for early fall 2026, with the modernized campus intended to provide emergency and inpatient medical services for the surrounding community.
The facility is subject to a 15-year Absolute NNN lease, with a single 15-year renewal option and 2% annual rent increases during the initial term and option period. The lease structure assigns no landlord responsibilities. Located at 2200 Market St in Charlestown, the hospital is positioned along Indiana State Road 3, providing direct connectivity toward the Louisville metropolitan area.
The facility is subject to a 15-year Absolute NNN lease, with a single 15-year renewal option and 2% annual rent increases during the initial term and option period. The lease structure assigns no landlord responsibilities. Located at 2200 Market St in Charlestown, the hospital is positioned along Indiana State Road 3, providing direct connectivity toward the Louisville metropolitan area.
Key Highlights
- Hospital renovation scheduled for completion in early fall 2026
- 15‑Year Absolute NNN lease with zero landlord responsibilities
- Single 15‑year renewal option could extend occupancy to 30 years
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 47111, IN
16,972
Population
7,011
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
91%
High-School Grad
86.0 sq mi
ZIP Area
197
Density / Sq Mi
$93,418
Median Household Income
$51,170
Median Earnings
$906
Median Rent
$261,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hospital - A modernized medical campus is scheduled to resume hospital operations in early fall 2026.
Where is this hospital located?
The property is located at 2200 Market St Charlestown, IN.
What is the asking price?
The asking price for this property is $43,886,000.
What are key features of this property?
This property features: Hospital renovation scheduled for completion in early fall 2026; 15‑Year Absolute NNN lease with zero landlord responsibilities; Single 15‑year renewal option could extend occupancy to 30 years
