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    1515 19th St Elwood, IN 46036-2941

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    1515 19th St Elwood, IN 46036-2941


    • Medical Office Space
    • 11,421 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Feb 23, 2026
    Property ID
    US31-2864689
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 1515 19th St

    Year built
    1982
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.17 lot acres
    Property size
    11,421 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    48-04-15-304-031.000-027
    APU
    480415304031000027

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $385,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $746,000
      Market price range: $468k - $1.21M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $810,000
      Current use
      COMMERCIAL (GENERAL)
      $895,000
      Change: +11% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Elwood
    County
    Madison
    State
    Indiana
    Longitude
    -85.8366
    Latitude
    40.2629
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,002
    $4,300
    $729,100
    $733,400
    -
    $4,300
    $729,100
    $733,400
    More about this property
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