Property profile

1809 Park Ave Alexandria, IN 46001

OFF-MARKET
Medical Office Space
Property ID
US31-0250052
2,673 SF 1.94 ac lot Built 1973
Individually Owned 14-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice

Location

1809 Park Ave Alexandria, IN 46001-8198
Alexandria metro Census 10500 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2011
1 recorded transaction
2011
$40,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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