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Medical Office Building with Additional Parking
For Sale
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349 W 1st St, Albany, IN 47320

Medical office building with an included additional parking lot on a southeast corner intersection.

Days on Market524

Property Features for 349 W 1st St

General Information

Standard status Active
Property subtype OFFICE
Listing Agency: ADM Commercial Real Estate
Listed By: Mark Sturgis 765 749 0665 · License #RB14034183
Source: Moodyscre
Added: Feb 24, 2025 Changed: Jul 30 Last Checked: Aug 2 at 11:46AM

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 ADM Commercial Real Estate

Investment Insights

Based on property information with market context.

Medical Office Building offered for sale with flexibility for office, medical, or repurposed uses. The property also includes an additional parking lot to support on-site access.

Located on the SE corner of First and Plum Streets, the building’s corner position supports convenient visibility and practical access for daily operations.

With use options spanning office and medical, the property can be evaluated for a range of professional services, or considered for another repurposing plan while retaining its built-in workplace focus.

Key Highlights

  • Medical office building offered for office or medical use, with repurpose flexibility
  • Includes an additional parking lot for on‑site parking
  • SE corner location at First x Plum Streets

Property Analytics

Current Use

Robert E. Hunter, ... Pediatrician Kelsey Moore Physician Travis Newman Physician Steven A. Farmer, MD ... Pediatrician Katie Lee Physician

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center HVAC Service Dental Office

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

137
Businesses Nearby
Balanced
Demand for This Use

Demographics for 47320, IN

3,978
Population
2,176
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
93%
High-School Grad
32.6 sq mi
ZIP Area
122
Density / Sq Mi
$68,244
Median Household Income
$41,406
Median Earnings
$669
Median Rent
$120,300
Median Home Value

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
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office building with an included additional parking lot on a southeast corner intersection.
Where is this medical office space located?
The property is located at 349 W 1st St Albany, IN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Medical office building offered for office or medical use, with repurpose flexibility; Includes an additional parking lot for on‑site parking; SE corner location at First x Plum Streets
(765) 749-0665 Call to check price and availability
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