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Property profile & analytics
OFF-MARKET Estimated value $610,000
Medical Office Space

12036 Michigan Rd Zionsville, IN 46077-8782

13,496 SF 1.61 ac lot Built 2020
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US31-1312695
Property summary
AI-generated overview

This exceptional Class A medical office building, constructed in 2020, presents a rare leasing opportunity in the thriving Zionsville, Indiana market. Located at 12036 N Michigan Rd, this single, two-story building boasts a total of 13,076 square feet situated on a 1.49-acre lot. The property features one elevator and is conveniently located between 116th and 121st Streets (cross streets: N. of 116th & S. of 121st St.). Currently, there is one suite available for lease, measuring 2,038 square feet, ideal for a variety of medical practices. The building's modern design and prime location within Boone County (APN: 06-08-36-000-001.004-006) make it an attractive option for medical professionals seeking a high-quality space in a rapidly expanding area. The multiple tenancy structure offers flexibility and potential for collaboration. This is a unique chance to establish or expand your practice in a highly sought-after location with excellent visibility and accessibility. The property's modern amenities and Class A construction ensure a professional and comfortable environment for both staff and patients. Don't miss this opportunity to secure your space in this premier medical office building. The zip code is 46077.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2020
Construction TYPE NOT SPECIFIED
Total area 13,496 SF
Lot 1.61 ac (70,306 SF)
Zoning code ZO01
APN 06-08-36-000-001.004-006
UPID US31-1312695
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Redditi Lauren Dental Office
  • Indiana Oral and Maxillofacial Surgery Associates Dental Office
  • Dr. Michael Kapp Dental Office
  • Samuel Tancredi Dental Office
  • Dr. Natalie Eden Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
$685k
Comparable Approach Comparable
by Request
Blend (final) Blend
$610k
Owner & transaction history
Zionsville Ohs Partners LLC · 9 yrs held
Zionsville Ohs Partners LLC
since 2017
2 recorded transactions
2019
Price N/A
2017
$550,000
Zoning & alternative use
ZO01 · Zionsville, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.0M +38.7%
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