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Medical Dialysis Center
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550-590 W 8th Drive, Gary, IN 46410

Fully leased healthcare facility with a long-term corporate lease and dedicated treatment and home therapy areas.

Property Size11,692 SF
Days on Market145

Property Features for 550-590 W 8th Drive

General Information

Standard status Active
Size 11,692 SF
Property subtype Office, Retail
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Built 2019
Buildings 1
Building Size 11,692 SF
Tenancy Single
Owner Occupied No
Listing Agency: Colliers - San Diego - Carlsbad, California
Listed By: Jay Patel · License #01512624
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 8:37AM

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 Colliers - San Diego - Carlsbad, California

Investment Insights

Based on property information with market context.

Located at 550-590 W. 8th Drive in Gary, Indiana, this medical center is configured for kidney dialysis services and includes 11,692 square feet of clinical and support space. The facility contains 24 patient stations, one private station in a separate room, and five home therapy rooms. It is fully leased to Fresenius under a 15-year lease, with corporate backing from Fresenius Medical Care Holdings and 1.7% annual rent increases during the primary and option periods.

The property offers access to Interstate 65 and US Route 30. Methodist Southlake Hospital is less than one mile away, while Vibra Hospital of Northwestern Indiana and The Pinnacle Hospital Crown Point are also nearby. Southlake Mall, a 1.3M SF regional shopping center, is in close proximity, along with Costco, Meijer, Home Depot, Walmart, Lowe’s, and Target.

Key Highlights

  • 11,692‑square‑foot medical facility configured for kidney dialysis services
  • 24 patient stations, one private station, and 5 home therapy rooms
  • 100% leased to Fresenius under a new 15‑year lease term

Property Analytics

Current Use

Medical centers

Lease Details

100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

828
Businesses Nearby

Demographics for 46410, IN

39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
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
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Frequently Asked Questions

What type of property is this?
Medical center - Fully leased healthcare facility with a long-term corporate lease and dedicated treatment and home therapy areas.
Where is this medical center located?
The property is located at 550-590 W 8th Drive Gary, IN.
What are key features of this property?
This property features: 11,692‑square‑foot medical facility configured for kidney dialysis services; 24 patient stations, one private station, and 5 home therapy rooms; 100% leased to Fresenius under a new 15‑year lease term
More about this property
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