Medical Office Building with
For Sale
$2,500,000
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 Market142
Property Features for 2235 Dubois Drive
General Information
Standard status
Active
Size
12,547 SF
Class
C
Lot size
1.40 Acres
Property subtype
Multi Tenant Office
Building Details
Building Size
12,547 SF
Stories
1
Listing Agency:
Brian Peterson Real Estate
Listed By:
Brian Peterson · License #RB14043309
(574) 268-1899
Source:
Thebrokerlist
Added: Jun 16
Changed: Nov 2
Last Checked: Nov 3 at 3:02AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$121,957
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,439,140
$2.4M
Cap Rate 7%
$1,742,243
$1.7M
Cap Rate 9%
$1,355,078
$1.4M
Market Conditions
NOI Build-Up for 12,547 SF
Gross rent
$225.8K $18.00/SF
− Vacancy
−$22.6K −$1.80/SF
EGI
$203.3K $16.20/SF
− OpEx
−$81.3K −$6.48/SF
NOI
$122.0K $9.72/SF
Area
Kosciusko County, IN
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,439,140
Cap Rate 7%
$1,742,243
Cap Rate 9%
$1,355,078
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Midwest region
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
