Renovated Rehabilitation
For Sale
Contact for pricing
581 E Main St, Hagerstown, IN 47346
Healthcare facility with an absolute net lease and direct tenant responsibility for property expenses.
Property SizeContact for details
Days on Market144
Property Features for 581 E Main St
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 5:50PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This 6,400-square-foot rehabilitation center underwent renovation in 2020 and occupies about 1 acre along East Main Street. The facility is positioned near the west side of Hagerstown, close to Indiana State Highway 1, with Dollar General next door and Hagerstown IGA farther east toward downtown.
The absolute net lease began April 1, 2020, and runs through January 1, 2037. Under the lease structure, the tenant is responsible for building-related expenses, including the roof, structure, and HVAC. Base rent increases by 3% annually, and the agreement includes a ten-year renewal option with the same annual increase. The operator provides inpatient and outpatient addiction-treatment services through a network spanning multiple states.
The absolute net lease began April 1, 2020, and runs through January 1, 2037. Under the lease structure, the tenant is responsible for building-related expenses, including the roof, structure, and HVAC. Base rent increases by 3% annually, and the agreement includes a ten-year renewal option with the same annual increase. The operator provides inpatient and outpatient addiction-treatment services through a network spanning multiple states.
Key Highlights
- 6,400‑square‑foot rehabilitation center renovated in 2020
- Approximately 1 acre along East Main Street
- Positioned near Indiana State Highway 1
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 47346, IN
3,865
Population
1,759
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
96%
High-School Grad
45.0 sq mi
ZIP Area
86
Density / Sq Mi
$69,180
Median Household Income
$39,598
Median Earnings
$890
Median Rent
$147,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Healthcare facility with an absolute net lease and direct tenant responsibility for property expenses.
Where is this rehabilitation center located?
The property is located at 581 E Main St Hagerstown, IN.
What are key features of this property?
This property features: 6,400‑square‑foot rehabilitation center renovated in 2020; Approximately 1 acre along East Main Street; Positioned near Indiana State Highway 1
