Property profile

8890 116th St Fishers, IN 46038

OFF-MARKET
Office Spaces
Property ID
US31-2981018
11,172 SF 0.14 ac lot Built 2015
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This Class A, three-story medical office building, totaling 61,331 square feet, offers 3,861 square feet of immediately available space. Located in the desirable Fishers submarket of Hamilton County, Indiana, this property boasts a prime location on the highly sought-after Downtown Fishers corridor at the signalized intersection of 116th Street and Lantern Road. Benefit from excellent visibility with approximately 36,000 vehicles passing daily on 116th Street. The building features a convenient attached parking garage with 332 spaces, ensuring ample parking for tenants and visitors. Enjoy immediate access to I-69, simplifying commutes and logistics. This mixed-use development is surrounded by a vibrant array of dining, retail, and entertainment options, all within walking distance. Further enhancing its appeal, the property offers a direct connection to the Nickel Plate Trail via Lantern Road, providing employees and visitors with convenient access to recreational opportunities. The building was constructed in 2015 and includes elevators for easy access to all three floors. This location is approximately six miles from major area hospitals, including Community Hospital North, IU Health Saxony Hospital, and Ascension St. Vincent Fishers, making it an ideal location for medical practices. The building is anchored by Community Health, providing a strong and established presence in the area. This exceptional opportunity presents a chance to establish a thriving practice in a dynamic and convenient location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2015
Construction TYPE NOT SPECIFIED
Total area 11,172 SF
Lot 0.14 ac (6,098 SF)
APN 29-11-31-305-001.003-006
UPID US31-2981018

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
  • Medical Laboratory
  • Medical Clinic
  • Law Firm Child Welfare Organization
  • Cafe & Coffee Shop
  • Physician

Location

8890 116th St Fishers, IN 46038-2856
Fishers metro Census 110807 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
Last sale
$19.5M
1 recorded transaction
2022
$19.5M

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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