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    FOR LEASE
    Medical Office Space

    1705 East Industrial Dr, Terre Haute, IN 47802

    7,936 SF 3.19 ac lot Built 2014
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US31-2751000
    Property summary
    AI-generated overview

    This exceptional sublease opportunity presents a 7,936-square-foot retail building ideally suited for healthcare use. Located at 1705 E Industrial Dr, Terre Haute, IN 47802, this single-tenant property boasts excellent visibility along US 41, a major thoroughfare with an average daily traffic count of approximately 20,299 vehicles. Built in 2018, the building sits on a 3.19-acre lot and is zoned C-4. The property features a prominent monument sign along Industrial Drive, enhancing its visibility and brand recognition. The existing lease has a remaining term of just under five years. The property's APN is 84-13-03-200-016.000-024. This turnkey space offers immediate occupancy and is ready for a new tenant to establish their presence in a high-traffic area. The building's previous use as a Fresenius Dialysis Clinic speaks to its suitability for similar medical or healthcare businesses. This is a rare opportunity to acquire a well-located, modern building with significant remaining lease term in a thriving Indiana market. Serious inquiries only.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2014
    Construction WOOD
    Total area 7,936 SF
    Lot 3.19 ac (138,913 SF)
    APN 84-13-03-200-016.000-024
    UPID US31-2751000
    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
    • Fresenius Kidney Care Vigo County Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $965k
    Comparable Approach Comparable
    $798k
    Blend (final) Blend
    $885k
    Owner & transaction history
    Vigo Renal Construction LLC · 12 yrs held
    Vigo Renal Construction LLC
    since 2014
    1 recorded transaction
    2014
    $59,280
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $635,000 +4.7%
    Restaurant $630,000 +3.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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