417 38Th St, Anderson, IN 46013
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.
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Melissa Matthews Physician
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Dr. Zakia Naz, MD Pediatrician Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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