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Property profile & analytics
FOR SALE
Office Spaces

417 38Th St Anderson, IN 46013

1,584 SF 0.3 ac lot Built 1920
Property ID
US31-3274590
Property summary
AI-generated overview

This exceptional 1,584 square foot medical office building, located at 417 W 38th St, Anderson, IN 46013, presents a unique investment opportunity. Situated on a 0.3-acre lot in South Anderson's Professional Office Park, this Class C building boasts high visibility on a major thoroughfare. Built in 1920 and extensively renovated in 2024, the property features a flexible layout ideal for various medical practices. The interior includes five exam/treatment rooms (three with sinks), a private office, two ADA-compliant bathrooms, and a break room. Recent upgrades encompass fresh paint, new flooring, updated doors, and a new A/C system installed in 2023. Ample parking is provided with 12 spaces. Additional features include security cameras, a handicap ramp, and a spacious basement offering extra storage. The property is currently vacant and zoned B5-Commercial. Previously utilized as a chiropractic office, this well-maintained building is ready for immediate occupancy. The asking price is $239,999. This property offers a blend of historical charm and modern functionality, making it an attractive option for medical professionals seeking a well-equipped and conveniently located space. The intersection of 38th Street and Fairview Street provides excellent accessibility and visibility.

Property profile
Verified
Property type Office Spaces
Year built 1920
Total area 1,584 SF
Lot 0.3 ac (13,068 SF)
UPID US31-3274590
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
  • Melissa Matthews Physician
  • Dr. Zakia Naz, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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