Search
Office Units with Elevator
For Lease
$16 SF/Yr

501 E Hospital Lane, Terre Haute, IN 47802

SINGLE_FAMILY - Terre Haute, IN

Space Size1,000 SF - 10,781 SF
Lot Size1.15 Acres
Days on Market167

Property Features for 501 E Hospital Lane

General Information

Property type Residential
Property subtype Office
Zoning Commercial
Interior features Elevator, Carpeting, Restroom(s), Handicap Access
Accessibility Accessible Elevator Installed, Accessible Approach with Ramp
Subdivision Vigo County
Standard status Active
APN 84-09-09-226-003.000-005
Lot size 1.15 Acres

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air

Amenities

ADA compliant
covered drop-off entrance
ample parking
Listing Agency: GIBSON REAL ESTATE, INC.
Listed By: Carrie Smith · License #RB14039377
Added: Mar 12 Changed: Aug 8 Last Checked: Aug 25 at 11:06AM
MLS# 108780

Copyright © 2026 Terre Haute Area Association of Realtors. 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.

Office units are available in configurations from 1,000 square feet to 10,781 square feet within a commercial-zoned property. The building includes an elevator, restrooms, carpeting, central air, forced-air heating, and natural gas service. Accessibility features include an installed accessible elevator and a ramped approach. A covered drop-off entrance and on-site parking support daily operations. Multiple suites may be connected to accommodate expansion, and tenant improvements are permitted as needed.

The property is located at 501 E Hospital Lane in Terre Haute, Indiana, on a 1.15-acre parcel. The lease structure places taxes, insurance, trash removal, and CAM fees with the lessor, while utilities are separately metered and paid by the tenant. Available space is offered for rent.

Key Highlights

  • Office configurations from 1,000 SF to 10,781 SF
  • 1.15‑acre commercial‑zoned property at 501 E Hospital Lane
  • Accessible elevator, ramped approach, and covered drop‑off entrance

Property Analytics

Current Use

Belarmino T Frogozo ... Physician Madsen Orthopedics Physician Gonzalez John W ... Physician Madsen Kurt DO Physician Robert A Chua Inc Medical Clinic

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Storage Facility Plumbing Service Bakery Electrical Service

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

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

864
Businesses Nearby

Demographics for 47802, IN

34,229
Population
14,682
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
158.8 sq mi
ZIP Area
216
Density / Sq Mi
$58,880
Median Household Income
$36,457
Median Earnings
$865
Median Rent
$165,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - ADA-compliant office space offers flexible configurations, covered drop-off access, and tenant improvement potential.
Where is this office units located?
The property is located at 501 E Hospital Lane Terre Haute, IN.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Office configurations from 1,000 SF to 10,781 SF; 1.15‑acre commercial‑zoned property at 501 E Hospital Lane; Accessible elevator, ramped approach, and covered drop‑off entrance
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message