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    OFF-MARKET
    Medical Office Space

    1600 Springhill Dr, Terre Haute, IN 47802-4363

    4,114 SF 0.56 ac lot Built 2009
    Entity Owned Free & Clear
    Property ID
    US31-2259975
    Property summary
    AI-generated overview

    This exceptional Terre Haute commercial property, located at 1600 E Springhill Drive, Vigo County, IN 47802, presents a unique investment opportunity. The 4,034 square foot office building sits on a spacious 24,393 square foot lot and is ideally suited for a variety of businesses. Recent upgrades significantly enhance its value and functionality. A newly installed HVAC system ensures efficient climate control, while a modern security system with new cameras prioritizes safety and security. The interior boasts a thoughtfully designed layout, including six exam rooms (one equipped for radiation), suggesting potential for a healthcare practice. Employee and visitor comfort is maximized with two breakrooms, multiple waiting rooms, and ample bathrooms. Additional features include a full bathroom and kitchen on the second floor, offering versatility and convenience. Parking is abundant with a two-car garage and 23 additional parking spaces. Reliable internet connectivity is provided by Joink Internet. Recent improvements also include brand new carpeting throughout and a recently resealed parking lot. This well-maintained property offers a combination of functionality, comfort, and security, making it an attractive investment opportunity in a desirable location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2009
    Construction WOOD
    Total area 4,114 SF
    Lot 0.56 ac (24,350 SF)
    APN 84-09-10-276-001.000-004
    UPID US31-2259975
    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
    • Union Hospital Medical Group Dental Office
    • Good Look Ink Hair Salon
    • Randall Lee Oliver Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Valley Professionals Realty LLC
    Valley Professionals Realty LLC
    since 2025
    5 recorded transactions
    2025
    2023
    2023
    2020
    $7,400
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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