Single-Tenant Medical
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For Sale
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510 Smaltz Way, Auburn, IN 46706
A hospital-affiliated medical group occupies the facility, which was completed in 2021.
Property Size19,022 SF
Lot Size4.87 Acres
Price / SF$488.38
Days on Market4
Property Features for 510 Smaltz Way
General Information
Standard status
Active
Size
19,022 SF
Total Parking Spaces
84
Lot size
4.87 Acres
Property subtype
OFFICE
Net Operating Income
$622,198
Financials
Asking Price
$9,290,000
Cap Rate
6.7%
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Medical Office
Building Details
Year Built
2021
Building Size
19,022 SF
Tenancy
Single
Listing Agency:
BND Commercial, LLC
(260) 407-0900
Listed By:
Karl Behrens
(260) 410-3627
Source:
Moodyscre
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 5:01PM
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 BND Commercial, LLC
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Investment Insights
Based on property information with market context.
Built in 2021, this 19,022-square-foot medical office property occupies 4.871 acres in Auburn, Indiana. The facility is configured for a single tenant and is leased to Dupont Hospital, operating as Lutheran Medical Group.
Approximately 84 paved parking spaces serve the property at 510 Smaltz Way. The stated capitalization rate is 6.7% as of November 1, 2026.
Approximately 84 paved parking spaces serve the property at 510 Smaltz Way. The stated capitalization rate is 6.7% as of November 1, 2026.
Key Highlights
- 19,022 SF medical office facility
- Single‑tenant property leased to Dupont Hospital, operating as Lutheran Medical Group
- Built in 2021
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 46706, IN
19,995
Population
8,336
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
95%
High-School Grad
87.9 sq mi
ZIP Area
227
Density / Sq Mi
$76,288
Median Household Income
$43,617
Median Earnings
$829
Median Rent
$194,900
Median Home Value
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Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A hospital-affiliated medical group occupies the facility, which was completed in 2021.
Where is this medical office space located?
The property is located at 510 Smaltz Way Auburn, IN.
What is the asking price?
The asking price for this property is $9,290,000.
What are key features of this property?
This property features: 19,022 SF medical office facility; Single‑tenant property leased to Dupont Hospital, operating as Lutheran Medical Group; Built in 2021
