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1515 S 19th St 11,421 SF Office Building Elwood, IN 46036 $418,420 CAD ($36.64 CAD/SF)
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Turnkey medical office space with prime zoning, ideal for healthcare professionals, urgent care, specialty clinics, or outpatient services.
- Situated near residential neighborhoods, schools, and other professional services, with strong visibility and easy access from State Road 13.
- Fully built-out with a functional design, featuring recently updated interiors, ADA-compliant access, and medical-grade finishes throughout.
- Benefit from an easily accessible site and ample on-site parking to ensure convenience for staff and patients alike.
EXECUTIVE SUMMARY
Prime Development & Turnkey Medical Office D2-N & R-2 Zoning. This property is properly zone R-2 but was given a variance of D2-N for as long as property is used as medical facility.
Discover a unique investment and development opportunity in the heart of Elwood, Indiana. Zoned R-2 Medium-High Density Residential and D2-N Commercial, this property offers exceptional flexibility for either immediate medical office use or future redevelopment.
Currently built out as a fully operational medical office, this 11,421-square-foot, two-story facility features: Multiple private exam rooms, Spacious reception and waiting area, Administrative offices & consultation rooms, Nurse stations, storage, and restrooms, ADA-compliant entry and patient access, HVAC and utility systems designed for medical operations
Recent Upgrades: Brand-new commercial roof (2024), Resurfaced and striped parking lot with 54 spaces
Ideal For:
Urgent care, specialty clinics, or outpatient services, Healthcare groups seeking a plug-and-play medical facility
Developers interested in mixed-use, multifamily, or commercial projects. This property can be converted to a large apartment or housing facility.
Located just off State Road 13, the property benefits from strong visibility and accessibility within a growing residential and service corridor, making it an attractive choice for both investors and operators.
Positioned within a growing residential and service corridor, the property offers excellent visibility and accessibility, just minutes from local schools, neighborhoods, and other healthcare providers. 1515 S 19th Street sits minutes from major area thoroughfares, Main Street/Route 28, and State Route 37. Whether expanding a practice or establishing a new footprint in Madison County, this property provides the infrastructure and location to support long-term growth.
Discover a unique investment and development opportunity in the heart of Elwood, Indiana. Zoned R-2 Medium-High Density Residential and D2-N Commercial, this property offers exceptional flexibility for either immediate medical office use or future redevelopment.
Currently built out as a fully operational medical office, this 11,421-square-foot, two-story facility features: Multiple private exam rooms, Spacious reception and waiting area, Administrative offices & consultation rooms, Nurse stations, storage, and restrooms, ADA-compliant entry and patient access, HVAC and utility systems designed for medical operations
Recent Upgrades: Brand-new commercial roof (2024), Resurfaced and striped parking lot with 54 spaces
Ideal For:
Urgent care, specialty clinics, or outpatient services, Healthcare groups seeking a plug-and-play medical facility
Developers interested in mixed-use, multifamily, or commercial projects. This property can be converted to a large apartment or housing facility.
Located just off State Road 13, the property benefits from strong visibility and accessibility within a growing residential and service corridor, making it an attractive choice for both investors and operators.
Positioned within a growing residential and service corridor, the property offers excellent visibility and accessibility, just minutes from local schools, neighborhoods, and other healthcare providers. 1515 S 19th Street sits minutes from major area thoroughfares, Main Street/Route 28, and State Route 37. Whether expanding a practice or establishing a new footprint in Madison County, this property provides the infrastructure and location to support long-term growth.
MATTERPORT 3D TOUR
11,421-SF Office
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
11,421 SF
Building Class
B
Year Built
1982
Price
$418,420 CAD
Price Per SF
$36.64 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,711 SF
Building FAR
0.30
Lot Size
0.87 AC
Zoning
R-2 and D2-N - Zoned R-2 Medium-High Density Residential and D2-N Commercial
AMENITIES
- Signage
- Skylights
- Reception
- Storage Space
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
4,809
10,545
13,845
2024 Population
5,144
11,208
13,983
Population Growth '20-'24
7.0%
6.3%
1.0%
2020 Households
2,056
4,432
5,777
2024 Households
2,195
4,709
5,833
Household Growth '20-'24
6.8%
6.3%
1.0%
Average Age
42
42
42
Median Household Income
$52,868
$54,881
$56,876
Daytime Employees
2,024
3,860
4,278
Total Businesses
197
374
436
College Degree + Higher
10%
11%
12%
$ values in USD
NEARBY AMENITIES
HOSPITALS |
|||
|---|---|---|---|
| St. Vincent Mercy Hospital | Critical Access | 3 min drive | 2.2 km |
RESTAURANTS |
|||
|---|---|---|---|
| Dairy Queen | - | - | 11 min walk |
| El Toro Mexican Restaurant | Mexican | $ | 13 min walk |
| The Tin Plate-Fine Food & Spirits | American | $$ | 13 min walk |
RETAIL |
||
|---|---|---|
| Speedway | Convenience Market | 10 min walk |
| Dollar General Market | Dollar/Variety/Thrift | 13 min walk |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $349,858 CAD | |
| Land Assessment | $26,232 CAD | Total Assessment | $376,091 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$26,232 CAD
Improvements Assessment
$349,858 CAD
Total Assessment
$376,091 CAD
SALE ADVISOR
SALE ADVISOR
Christina Boyland, Associate Broker
Christina is a passionate real estate agent with Rhodes Realty, LLC in Middletown, IN, and the nearby area, providing home-buyers and sellers with professional, responsive, and attentive real estate services.
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1515 S 19th St
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