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    7353 21St St Indianapolis, IN 46219

    For Sale
    $2,375,000

    Indianapolis Medical Office - Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    The Warren Professional Center, a multi-tenant medical office building, presents a compelling investment opportunity at $2,375,000. Strategically located on the east side of Indianapolis at 7353 East 21st Street, this property boasts exceptional visibility and accessibility. Its prime location offers immediate access to major thoroughfares including I-70, I-465, and North Shadeland Avenue, ensuring convenient access for patients and staff. The building has undergone significant improvements, including a new roof installed in 2018 and a comprehensive interior remodel completed between 2019 and 2020. This ensures the property is well-maintained and ready for immediate occupancy. The building's design caters to the needs of medical professionals, making it an ideal investment for those seeking a stable and high-demand property in a thriving area of Indianapolis, within Marion County, Indiana, zip code 46219. The property's strong location and recent renovations combine to offer a promising return on investment. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a rapidly growing market. The property is situated at latitude 39.7959512 and longitude -86.0382052.

    Property Features for 7353 21St St

    General Information

    Property type
    Medical offices

    HighLights

    • $2,375,000 asking price for this medical office building.
    • Located in Indianapolis, Indiana, at 7353 East 21st St, Marion County, zip code 46219.
    • Excellent access to I‑70, I‑465, and North Shadeland Ave.
    • Features high visibility from East 21st Street.
    • Recent improvements include a new roof (2018) and interior remodel (2019‑2020).
    Property Profile Location Intelligence

    Current Use by Public Records

    Home Care Home Health Care Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0382052
    Latitude
    39.7959512

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    FAQs

    What type of property is this?
    Medical office - Indianapolis Medical Office - Excellent Location
    Where is this medical office located?
    The property is located at 7353 21St St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,375,000.
    What are key features of this property?
    This property features: $2,375,000 asking price for this medical office building.; Located in Indianapolis, Indiana, at 7353 East 21st St, Marion County, zip code 46219.; Excellent access to I-70, I-465, and North Shadeland Ave.
    Request Owner's contact information
    7353 21St St Indianapolis, IN 46219
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    Indianapolis, IN 46219
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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
    7353 21St St Indianapolis, IN 46219
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