Single-Story Medical Office
2235 Dubois Drive Warsaw, IN 46580
For Sale
$2,500,000
COMMERCIAL - Warsaw, IN
Property Size12,547 SF
Lot Size1.40 Acres
Price / SF$199.25
Days on Market50
Property Features for 2235 Dubois Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Rooms
- Basement
- Standard status
- Active
- APN
- 43-11-09-100-287.000-032
- Lot size
- 1.40 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 4-45-2.FAA PT SW NE NE 9-32-6 .29A PER CALC and 004-045-002.FAH PT W 1/2 MDL PT NE NE 9-32-6 2.19A
- Tax Annual Amount
- 9360
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1977
- Flooring type
- Carpet
- Roof type
- Flat
Listing Agency:
Brian Peterson Real Estate
(574) 268-1899
Listed By:
Brian Peterson
(574) 268-1899
Added: Jun 5
Changed: Jul 6
Last Checked: Jul 24 at 6:06AM
MLS# 202622282
Copyright © 2026 Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story brick medical office building was recently renovated and totals 12,547 square feet. The interior is configured to support patient and staff operations, with multiple office and clinical spaces plus reception and waiting areas. The property is handicap accessible, includes a finished basement for additional storage or support space, and is supported by straightforward patient-day utility services.
The building is positioned directly off the Lutheran Kosciusko Hospital campus in Warsaw. It sits on approximately 1.4 acres at 2235 Dubois Drive and features a large paved parking lot designed to provide convenient on-site access.
With its combination of clinical rooms, professional office space, and front reception/waiting areas, the property is well suited for a large medical practice, specialty clinic, or multi-provider healthcare office. The site’s on-campus placement and parking support can also appeal to operators looking for an established healthcare setting where patient access and day-to-day usability matter. City water and sewer, gas forced-air heating, and central air conditioning are in place to serve the building.
The building is positioned directly off the Lutheran Kosciusko Hospital campus in Warsaw. It sits on approximately 1.4 acres at 2235 Dubois Drive and features a large paved parking lot designed to provide convenient on-site access.
With its combination of clinical rooms, professional office space, and front reception/waiting areas, the property is well suited for a large medical practice, specialty clinic, or multi-provider healthcare office. The site’s on-campus placement and parking support can also appeal to operators looking for an established healthcare setting where patient access and day-to-day usability matter. City water and sewer, gas forced-air heating, and central air conditioning are in place to serve the building.
Key Highlights
- 12,547 SF medical office building built in 1977 with a single‑story layout for office and clinical use
- Approximately 1.4 acres at 2235 Dubois Drive with a large paved parking lot for on‑site access
- Major renovations were recently completed to the brick building
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storie Rick
Employment Agency
Corey French Graham
Physician
Ghatnekar Revati J ...
Physician
Cervoni Manuel MD
Physician
Zimmerman David MD
Physician
FAQs
What type of property is this?
Medical center - Recently renovated single-story medical building with clinical and office space, reception areas, accessible layout, and ample paved parking.
Where is this medical center 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 SF medical office building built in 1977 with a single‑story layout for office and clinical use; Approximately 1.4 acres at 2235 Dubois Drive with a large paved parking lot for on‑site access; Major renovations were recently completed to the brick building
