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Medical Office Condo with Private Offices
For Sale
$250,000

261 Medical Plz, Michigan City, IN

Updated commercial condo offers separate entrances, customer and staff parking, and a layout with enclosed and open office areas.

Property Size3,240 SF
Price / SF$77.16
Days on Market617

Property Features for 261 Medical Plz

General Information

Standard status Active
Size 3,240 SF

Amenities

showers
Listing Agency: Coldwell Banker Real Estate Gr
Listed By: Kathleen Carr · License #RB14045051
Source: Exprealty
Added: Dec 1, 2024 Changed: Aug 8 Last Checked: Aug 9 at 11:03AM

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 Coldwell Banker Real Estate Gr

Investment Insights

Based on property information with market context.

This 3240-square-foot medical office condo includes 8 private office rooms, 2 large open areas, and front and rear entrances. The property has a new water heater, new HVAC systems, and new LVP flooring. A lower-level area includes showers, reflecting the unit’s prior medical-facility configuration.

Staff parking is positioned at the rear, while customer parking is available at the front. The unit is situated in an established business park in the downtown Michigan City area and is located within an Enterprise Zone. The existing arrangement combines enclosed offices with open workspace for a range of professional office layouts.

Key Highlights

  • 3240 SF medical office condo with 8 private offices and 2 large open areas
  • New water heater, HVAC systems, and LVP flooring
  • Front entrance and rear entrance with separate parking areas

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Garden Center Auto Parts Store Accounting Firm HVAC Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

940
Businesses Nearby
Under-served
Demand for This Use

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Updated commercial condo offers separate entrances, customer and staff parking, and a layout with enclosed and open office areas.
Where is this medical office space located?
The property is located at 261 Medical Plz Michigan City, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3240 SF medical office condo with 8 private offices and 2 large open areas; New water heater, HVAC systems, and LVP flooring; Front entrance and rear entrance with separate parking areas
More about this property
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