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    FOR LEASE
    Medical Office Space

    13431 Old Meridian St, Carmel, IN 46032

    29,695 SF 1.97 ac lot Built 1993
    Entity Owned 22-yr Hold Absentee Owner Free & Clear
    Property ID
    US31-0574474
    Property summary
    AI-generated overview

    This exceptional two-story medical office building, the Carmel Medical Pavilion, located at 13431 Old Meridian St, Carmel, IN 46032, offers a total of 29,259 square feet of space. Currently, there are two available suites, ranging from 2,504 to 3,301 square feet, totaling 5,805 square feet of vacant space. The building features convenient elevators for easy access to both floors. Its prime location in Carmel, Indiana, a city frequently recognized as one of America's best places to live, provides excellent visibility and accessibility. Carmel boasts a highly educated and affluent population exceeding 100,000 residents. The building's proximity to the Meridian Corridor, home to over 40 corporate headquarters and regional offices, including major healthcare employers, ensures a strong patient and client base. This presents a unique opportunity for medical professionals seeking a well-established presence in a thriving community. The building's multiple tenancy structure offers flexibility and potential for collaborative partnerships. This property is ideal for practices seeking expansion or a new location in a high-demand area. The building's modern design and convenient amenities make it an attractive option for both tenants and patients. Inquire today to learn more about this exceptional opportunity.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1993
    Construction TYPE NOT SPECIFIED
    Total area 29,695 SF
    Lot 1.97 ac (85,813 SF)
    APN 29-09-25-101-004.000-018
    UPID US31-0574474
    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
    • Carmel medical pavilion Medical Clinic
    • Reconstructive Hand to Shoulder of Indiana Medical Clinic
    • Applied Behavior Center for Autism - Carmel Crisis Center Medical Clinic
    • Ascension St. Vincent Headache Center Physician Medical Clinic
    • Dr. Lance A. Rettig, MD Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $965k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $718k
    Blend (final) Blend
    $840k
    Owner & transaction history
    St Vincent Carmel Hospital INC · 22 yrs held
    St Vincent Carmel Hospital INC
    since 2004
    3 recorded transactions
    2004
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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