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4519 E 82nd St - Five Star Residences of Clearwater 51,714 SF Health Care Building Offered For Sale in Indianapolis, IN 46250

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Investment Highlights

  • Well maintained
  • Building can be configured for multiple users
  • ± 81 rooms within the main building and 6 residential units in the back building
  • Conversion potential (school, daycare, residential, special use, etc.)
  • Commercial kitchen, dining hall, theater room, fitness room, ancillary rooms, spa/salon
  • Each room has plumbing via kitchenette, shower and restrooms

Executive Summary

Main building ± 55,000 SF | Secondary residence building ± 8,000 SF
Well maintained
Conversion potential (school, daycare, residential, special use, etc.)
Building can be configured for multiple users
Commercial kitchen, dining hall, theater room, fitness room, ancillary rooms, spa/salon
± 81 rooms within the main building and 6 residential units in the back building
Each room has plumbing via kitchenette, shower and restrooms
Outdoor space and private, enclosed courtyards
Monument signage along 82nd Street available
Covered drop-off at front door
Sitting in Clearwater between Keystone Crossing and Castleton submarkets
Convenient access to major roads and I-465

Property Facts

Sale Type Investment or Owner User
Property Type Health Care
Property Subtype Assisted Living
Building Class B
Lot Size 3.91 AC
Building Size 63,000 SF
No. Stories 1
Year Built 1994
Tenancy Single
Parking Ratio 0.72/1,000 SF
Zoning DCII

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 49-02-20-104-016.000-800
  • 49-02-20-104-005.000-800
Land Assessment
$904,604 CAD
Improvements Assessment
$9,036,897 CAD
Total Assessment
$9,941,501 CAD
  • Listing ID: 39482146

  • Date on Market: 2026-02-18

  • Last Updated:

  • Address: 4519 E 82nd St, Indianapolis, IN 46250

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