Medical Office Building with Exam Rooms

5424 E Us Highway 20 Rolling Prairie, IN 46371

Claim this Listing
For Sale
$285,000

SINGLE_FAMILY - Rolling Prairie, IN

Type:Office
Property size:
2,244 SF
Lot size:
0.50 Acres
Price / SF:
$127/SF
Added:
Jul 21, 2025
Days on Market:
358
Last Refresh:
Jul 13 at 4:06 pm

Property Features for 5424 E Us Highway 20

General Information

Property type
Residential
Property subtype
Office
Parking
16
Parking features
Off Street
Security features
Security System
Exterior features
Lighting, Rain Gutters
Appliances
Water Heater
Standard status
Active
APN
460712300004000068
Size
2,244 SF
Lot size
0.50 Acres

Taxes and HOA fees

Tax Year
2023
Tax Description
78-07-12-300-004 MID PT N SD SW 1/4 S OF RR S12 T37 R2 .50 AC
Tax Annual Amount
1636

Utilities

Heating system
Forced Air, Natural Gas
Water source
Well

Building Details

Year built
1948

Listing agent Jeffrey Albertson License #RB14037232

Listing office BHHS Executive Realty 1201 N. Main St, Crown Point, IN

Listing date Jul 21, 2025

MLS# 824726

Copyright © 2026 Greater Northwest Indiana 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.

This 2,244-square-foot commercial building was formerly operated as the New Prairie Small Animal Clinic and is designed with a flexible interior layout. The space includes multiple office/exam rooms, plus an additional area that can function as a conference room, training space, or collaborative workspace. The property is well-maintained and supported by a commercial-grade generator capable of powering the entire clinic during outages, along with two 200-amp electrical services to accommodate a range of operational needs.

The building is located at 5424 E US Highway 20 in Rolling Prairie, Indiana. It benefits from prominent highway frontage and high visibility on a key route connecting Michigan City and South Bend, with an estimated traffic count of approximately 21,500 vehicles per day. Ample parking is available for staff and clients.

With its clinic-style rooming and dedicated gathering space, the building can support professional and healthcare-focused uses that need multiple treatment or office rooms, as well as a separate space for meetings or training. On-site backup power and robust electrical service are practical considerations for operations that value continuity. The property is also positioned in proximity to the new General Motors/Samsung EV Battery Plant and the Amazon Data Center Campus, aligning it with an area that is drawing significant new development.

Key Highlights

  • High‑visibility location on US Highway 20 with approximately 21,500 vehicles daily.
  • Proximity to the new General Motors/Samsung EV Battery Plant and Amazon Data Center Campus.
  • Flexible 2,244 sq ft layout with multiple office/exam rooms suitable for various professional or healthcare uses.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $33.7k $15.00
− Vacancy −$3.1k −$1.38
EGI $30.6k $13.62
− OpEx −$7.6k −$3.41
NOI $22.9k $10.22
2,244 SF · lease $15.00/SF/yr · vacancy 9.20% · expense 25.00%

Alternative Uses

Best Use
Healthcare Medical
$387.6K
$339.2K – $452.2K (±1% cap)
NOI $27,134 @ 7.0% cap · market cap 9.52%
Second Best
Office B
$327.5K
$286.5K – $382.0K (±1% cap)
NOI $22,922 @ 7.0% cap · market cap 8.04%
Theoretical Best
Specialty Retail
$623.8K
$545.9K – $727.8K (±1% cap)
NOI $43,669 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Storage Facility Grocery & Convenience Store Florist Real Estate Agency Tech Support Center Restaurant Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • New Prairie Small Animal Clinic — 5424 US-20, Rolling Prairie, IN 46371
  • Oak Knoll Veterinary Clinic — 5498 E Oak Knoll Rd, Rolling Prairie, IN 46371

FAQs

What type of property is this?
Medical Office Space - Versatile office with multiple exam rooms, conference space, and ample parking on a major highway corridor.
Where is this medical office space located?
The property is located at 5424 E Us Highway 20 Rolling Prairie, IN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: High‑visibility location on US Highway 20 with approximately 21,500 vehicles daily.; Proximity to the new General Motors/Samsung EV Battery Plant and Amazon Data Center Campus.; Flexible 2,244 sq ft layout with multiple office/exam rooms suitable for various professional or healthcare uses.
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