For Sale
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Property summary
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
VerifiedCap rate & NOI
Current use
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Physician
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Pediatrician Physician
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Anderson market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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