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Freestanding Medical Office Space
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980 North Meridian Street, Portland, IN 47371

Freestanding healthcare facility with medical-grade improvements and immediate sublease availability.

Space Size2,713 SF
Days on Market19

Property Features for 980 North Meridian Street

General Information

Standard status Active
Size 2,713 SF
Class B
Property subtype Retail

Space & Availability

Space Use Medical Office
Sublease Yes
Available From Immediate

Building Details

Building Size 2,713 SF
Year Built 2022
Tenancy Single

Spaces For Lease

at 980 North Meridian Street Contact us

Space 1

Size
2,713 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: NAI Cressy
Listed By: Andrew Follman · License #RB14043685
Source: Crexi
Added: Jul 23 Changed: Aug 9 Last Checked: Aug 8 at 12:28PM

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 NAI Cressy

Investment Insights

Based on property information with market context.

This freestanding medical office property at 980 North Meridian Street in Portland, Indiana, was built in 2022 and previously operated as an urgent care facility. The building includes medical-grade improvements and is offered as-is for sublease with immediate availability.

The property sits within Portland’s commercial corridor and is positioned to serve healthcare and professional office users. The source information identifies potential fit for urgent care, primary or specialty care, dental, physical or occupational therapy, behavioral health, wellness, med-spa, and other professional office uses.

Key Highlights

  • 2022‑built freestanding medical office property
  • Former Fast Pace Urgent Care facility
  • Medical‑grade improvements already in place

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Bakery Spa & Massage Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

535
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47371, IN

12,143
Population
5,458
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
85%
High-School Grad
219.6 sq mi
ZIP Area
55
Density / Sq Mi
$59,215
Median Household Income
$38,031
Median Earnings
$746
Median Rent
$116,100
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 Office Space - Freestanding healthcare facility with medical-grade improvements and immediate sublease availability.
Where is this medical office space located?
The property is located at 980 North Meridian Street Portland, IN.
What are key features of this property?
This property features: 2022‑built freestanding medical office property; Former Fast Pace Urgent Care facility; Medical‑grade improvements already in place
(317) 566-5614 Call to check price and availability
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