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    OFF-MARKET
    Medical Office Space

    1809 Park Ave, Alexandria, IN 46001-8198

    2,673 SF 1.94 ac lot Built 1973
    Individually Owned 14-yr Hold Free & Clear
    Property ID
    US31-0250052
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1809 S Park Avenue in Alexandria, Indiana, presents a unique investment opportunity. Spanning 2,673 square feet on a generous 1.94-acre lot, this building offers immense potential for a variety of businesses. Previously utilized as a chiropractic office, the layout is highly adaptable and includes seven exam/lab rooms, providing ample space for various uses. Additional features include a dedicated storage room, a formal conference room perfect for meetings and presentations, a private office for executive functions, a comfortable lounge area, and three restrooms for convenience. A spacious waiting room greets clients and visitors, enhancing the overall professional atmosphere. The building's versatile design allows for seamless customization to suit individual business needs. Its substantial lot size offers ample parking and potential for future expansion or outdoor amenities. The asking price is $249,000, representing a compelling value for a property of this size and functionality in a desirable Alexandria location. This is an excellent chance to acquire a well-maintained commercial building ready for immediate occupancy or strategic redevelopment. Don't miss this opportunity to establish your business in a prime location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1973
    Construction WOOD
    Total area 2,673 SF
    Lot 1.94 ac (84,506 SF)
    APN 48-06-30-200-033.000-022
    UPID US31-0250052
    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
    • Gary P. Hoffman, DC Alternative Medicine Practice
    • Hoffman Chiropractic Alternative Medicine Practice
    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
    Gary P Hoffman · 14 yrs held
    Gary P Hoffman
    since 2011
    1 recorded transaction
    2011
    $40,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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