Multi-Tenant Medical Office
For Sale
Contact for pricing
2455 East Main St, Plainfield, IN 46168
Purpose-built outpatient facility with two healthcare tenants and full occupancy.
Property Size6,678 SF
Price / SF$439.05
Days on Market64
Property Features for 2455 East Main St
General Information
Standard status
Active
Size
6,678 SF
Class
B
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$212,572
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2016
Tenancy
Multi
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Aug 4
Changed: Sep 28
Last Checked: Oct 5 at 3:51PM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
Built in 2016, this 6,678-square-foot medical office property is configured as a multi-tenant outpatient facility. The building is 100% leased to Heartland Dental and IU Health Urgent Care, providing two healthcare occupants within the same asset.
The property is located at 2455 East Main Street in Plainfield, along US-40 and adjacent to Walmart Supercenter at Plainfield Crossing. East Main Street carries exposure to more than 32,000 vehicles per day. Interstate 70 and Indianapolis International Airport are accessible from the property, with the site positioned within the greater Indianapolis metropolitan area.
The property is located at 2455 East Main Street in Plainfield, along US-40 and adjacent to Walmart Supercenter at Plainfield Crossing. East Main Street carries exposure to more than 32,000 vehicles per day. Interstate 70 and Indianapolis International Airport are accessible from the property, with the site positioned within the greater Indianapolis metropolitan area.
Key Highlights
- 6,678 SF medical office property constructed in 2016
- 100% leased to Heartland Dental and IU Health Urgent Care
- Multi‑tenant outpatient medical facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,690
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,953,800
$2.0M
Cap Rate 7%
$1,395,571
$1.4M
Cap Rate 9%
$1,085,444
$1.1M
Market Conditions
NOI Build-Up for 6,678 SF
Gross rent
$144.2K $21.60/SF
− Vacancy
−$14.0K −$2.10/SF
EGI
$130.3K $19.50/SF
− OpEx
−$32.6K −$4.88/SF
NOI
$97.7K $14.63/SF
Area
Hendricks County, IN
Vacancy
9.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,953,800
Cap Rate 7%
$1,395,571
Cap Rate 9%
$1,085,444
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,690 @ 7.0% cap · market cap 3.33%
Second Best
Healthcare Medical
$1.17M
$1.03M – $1.37M
NOI $82,133 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,345 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46168, IN
37,681
Population
14,426
Households
2.6
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
32.8 sq mi
ZIP Area
1,149
Density / Sq Mi
$87,315
Median Household Income
$45,252
Median Earnings
$1,307
Median Rent
$271,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built outpatient facility with two healthcare tenants and full occupancy.
Where is this medical office space located?
The property is located at 2455 East Main St Plainfield, IN.
What is the asking price?
The asking price for this property is $2,932,000.
What are key features of this property?
This property features: 6,678 SF medical office property constructed in 2016; 100% leased to Heartland Dental and IU Health Urgent Care; Multi‑tenant outpatient medical facility
