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Property profile & analytics
OFF-MARKET
Medical Office Space

1755 Fulton St Elkhart, IN 46514-1927

4,224 SF 0.63 ac lot Built 1993
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-3496633
Property summary
AI-generated overview

This exceptional 0.63-acre commercial property at 1755 Fulton Street in Elkhart, Indiana, presents a unique opportunity for healthcare, medical, or government entities. Recently and completely remodeled, this building boasts a modern and functional layout perfectly suited for immediate occupancy. The property features a welcoming vestibule, a spacious lobby with a waiting area, and ample space for a check-in counter. Privacy is ensured with strategically placed glass partitions separating the ten exam rooms. Three bathrooms and a convenient break room cater to both staff and patients. The interior has been meticulously updated with all-new LED lighting and skylights, creating a bright and inviting atmosphere. New carpeting, paint, and countertops complete the fresh, modern aesthetic. Its convenient location offers proximity to Elkhart General Hospital and Beacon Medical facility, ensuring high visibility and accessibility for patients. The building is ready for immediate move-in, allowing for a swift transition and the potential to be fully operational before the year's end. This turnkey solution eliminates the need for extensive renovations, allowing businesses to focus on their core operations from day one. The property's size and features make it an ideal investment for those seeking a well-equipped and strategically located medical or government office space. The asking price is $680,000.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1993
Construction TYPE NOT SPECIFIED
Total area 4,224 SF
Lot 0.63 ac (27,443 SF)
Zoning code ZO01
APN 20-06-06-302-015.000-012
UPID US31-3496633
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
  • Dr. Derek T. Cheuk, MD Physician
  • Asthma Allergy Care Center: Reddy Byra MD Physician Medical Clinic
  • Baki Husam MD Physician Medical Clinic
  • Nowak Gregory S MD Physician
  • Edara Lokesh MD 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
Lb2 Real Estate Holding Co LLC · 19 yrs held
Lb2 Real Estate Holding Co LLC
since 2006
7 recorded transactions
2020
Price N/A
2018
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Elkhart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source CHAPTER 151: ZONING CODE
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