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    2110 State Highway 7 North Vernon, IN 47265

    Sponsored
    For Lease
    $5 SF/Yr ($10,445 /Mo)

    9,229 SF Medical Office, High Visibility

    Lot size:
    21,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,229-square-foot medical office space presents a prime opportunity in North Vernon, Indiana. Located at 2110 State Hwy 7, this Class A property boasts a highly visible location at the intersection of State Road 3 and State Road 7, ensuring significant traffic exposure. The building, constructed in 1983 and extensively renovated in 2021, offers a modern, "vanilla box" interior ready for build-to-suit improvements. Adjacent to a newly renovated 12,000 square-foot Dollar Tree and other medical offices, this single-tenant space benefits from a shared 160-space parking lot. The property features a new storefront and excellent signage visibility from both SR 7 and SR 3. The total building encompasses 21,800 square feet, with the available space representing a significant portion. Property taxes are $0.48 per square foot. The zoning is commercial, and the APN is 40-09-28-300-063.000-004. The landlord is open to negotiating tenant improvement allowances for long-term leases, subject to usage approval. This is an ideal location for medical practices seeking high visibility and convenient access. The property is located in Jennings County, Indiana, zip code 47265.

    Property Features for 2110 State Highway 7

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,800 SF
    Class
    A
    Total Rate
    10445.83

    Building Details

    Year Built/Renovated
    1983/2021
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    9,229 SF
    Rate per SF
    $5

    HighLights

    • 9,229 SF Class A medical office space in North Vernon, IN, at 2110 State Hwy 7.
    • High‑visibility location at SR 3 & SR 7 intersection, ensuring significant traffic exposure.
    • Modern, vanilla box interior, renovated in 2021, ready for tenant improvements.
    • Shared 160‑space parking lot, adjacent to a new Dollar Tree and other medical offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Vernon
    County
    Jennings
    State
    Indiana
    Longitude
    -85.6413192
    Latitude
    39.016327

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    FAQs

    What type of property is this?
    Restaurant - 9,229 SF Medical Office, High Visibility
    Where is this restaurant located?
    The property is located at 2110 State Highway 7 North Vernon, IN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 9,229 SF Class A medical office space in North Vernon, IN, at 2110 State Hwy 7.; High-visibility location at SR 3 & SR 7 intersection, ensuring significant traffic exposure.; Modern, vanilla box interior, renovated in 2021, ready for tenant improvements.
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    2110 State Highway 7 North Vernon, IN 47265
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    North Vernon, IN 47265
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2110 State Highway 7 North Vernon, IN 47265
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