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    OFF-MARKET
    Medical Office Space

    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 Medical Office Space
    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
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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