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Property profile & analytics
OFF-MARKET Estimated value $565,000
Medical Office Space

1515 19th St Elwood, IN 46036-2941

11,421 SF 0.17 ac lot Built 1982
Entity Owned ~ Est. High Equity
Property ID
US31-2864689
Property summary
AI-generated overview

This versatile Elwood, Indiana office building at 1515 S 19th St offers 11,421 square feet of space, currently entirely vacant and available for lease. The property, built in 1982, is a two-story building situated on 1.7 acres of land and classified as Class D. The flexible space is suitable for a variety of uses, including medical, traditional, creative, co-working, and executive offices. The building features a parking lot, but lacks elevators. The zoning is D2-N, allowing for diverse business operations. The entire 11,421 square feet is available as one contiguous space. Property taxes are $1.92 per square foot. The address is 1515 S 19th St, Elwood, IN 46036, conveniently located near the intersection of S 19th and its cross street. This presents a unique opportunity to establish a significant presence in a growing area. The building's size and layout offer considerable adaptability for various business needs. The ample parking lot ensures convenient access for employees and clients. This property is an excellent investment for businesses seeking a substantial and adaptable office space in Madison County.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Construction TYPE NOT SPECIFIED
Total area 11,421 SF
Lot 0.17 ac (7,405 SF)
APN 48-04-15-304-031.000-027
UPID US31-2864689
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$746k
Blend (final) Blend
$565k
Owner & transaction history
Wilson Real Estate II LLC
Wilson Real Estate II LLC
since 2026
2 recorded transactions
2026
Price N/A
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $895,000 +10.8%
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