Medical Office Building with
For Sale
Contact for pricing
2235 Dubois Drive, Warsaw, IN 46580
Single-story medical office building near Lutheran Kosciusko Hospital campus, with clinical space, parking, and handicap accessibility.
Property Size12,547 SF
Lot Size1.40 Acres
Price / SF$199.25
Days on Market57
Property Features for 2235 Dubois Drive
General Information
Standard status
Active
Size
12,547 SF
Lot size
1.40 Acres
Property subtype
Office
Building Details
Year Built
1977
Stories
1
Listing Agency:
Brian Peterson Real Estate
(574) 551-0121
Listed By:
Brian Peterson · License #IN RB14043309
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 5 at 8:32AM
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 Brian Peterson Real Estate
Investment Insights
Based on property information with market context.
This single-story brick medical office building totals 12,547 square feet and is set up for patient-facing operations. The interior includes multiple office and clinical spaces along with reception and waiting areas. The property is handicap accessible and includes a finished basement that can support storage or other operational needs. Renovations have been recently completed, and the building is served by city water and sewer, gas forced-air heating, and central air conditioning.
The building is positioned directly off the Lutheran Kosciusko Hospital campus in Warsaw, Indiana. It sits on approximately 1.4 acres at 2235 Dubois Drive and includes a large paved parking lot designed for easy guest and staff access.
With its clinical layout and dedicated patient entry areas, the property is well suited for a large medical practice, specialty clinic, or multi-provider office requiring an accessible, healthcare-focused environment close to established medical services. Owner-users and healthcare investors can evaluate the building as a full-service option given the breadth of existing office and clinical space, on-site parking, and recently renovated condition.
The building is positioned directly off the Lutheran Kosciusko Hospital campus in Warsaw, Indiana. It sits on approximately 1.4 acres at 2235 Dubois Drive and includes a large paved parking lot designed for easy guest and staff access.
With its clinical layout and dedicated patient entry areas, the property is well suited for a large medical practice, specialty clinic, or multi-provider office requiring an accessible, healthcare-focused environment close to established medical services. Owner-users and healthcare investors can evaluate the building as a full-service option given the breadth of existing office and clinical space, on-site parking, and recently renovated condition.
Key Highlights
- 12,547 sq. ft. single‑story medical office building on approx. 1.4 acres at 2235 Dubois Drive
- Brick building built in 1977 with major renovations recently completed
- Designed for patient flow with multiple office and clinical spaces, plus reception and waiting areas
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.8k | $18.00 |
| − Vacancy | −$22.6k | −$1.80 |
| EGI | $203.3k | $16.20 |
| − OpEx | −$81.3k | −$6.48 |
| NOI | $122.0k | $9.72 |
12,547 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,957 @ 7.0% cap · market cap 4.88%
Second Best
Office B
$1.67M
$1.46M – $1.95M
NOI $117,146 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,012 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46580, IN
22,381
Population
8,873
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
88%
High-School Grad
71.1 sq mi
ZIP Area
315
Density / Sq Mi
$70,978
Median Household Income
$40,231
Median Earnings
$963
Median Rent
$175,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story medical office building near Lutheran Kosciusko Hospital campus, with clinical space, parking, and handicap accessibility.
Where is this medical office space located?
The property is located at 2235 Dubois Drive Warsaw, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12,547 sq. ft. single‑story medical office building on approx. 1.4 acres at 2235 Dubois Drive; Brick building built in 1977 with major renovations recently completed; Designed for patient flow with multiple office and clinical spaces, plus reception and waiting areas
