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Investment Highlights

  • Presently zoned CS
  • Private outdoor garden patios and meditation walking path
  • Large meeting/congregating spaces

Executive Summary

The property is offered for sale featuring 30,888 square feet across Suites 100 and 200, including a 25,376-square-foot inpatient center and 5,512 square feet of office space, situated on 14.19 acres with future expansion potential. Formerly operated as a hospice facility, the asset is well-suited for behavioral health, post-acute, or assisted living uses and includes 25 bedrooms with private lavatories and sinks, with the ability to increase the bedroom count. Additional features include large meeting and congregating areas, private outdoor garden patios, and a meditation walking path. The site is currently zoned CS.

Property Facts

Sale Type Investment
Property Type Health Care
Property Subtype Assisted Living
Building Class C
Lot Size 14.19 AC
Building Size 81,874 SF
No. Beds 25
No. Stories 1
Year Built/Renovated 1976/2001
Parking Ratio 1.53/1,000 SF
Zoning CS - Commercial - Tax Exempt

Amenities

  • Wheelchair Accessible
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
49-03-19-123-019.000-600
Land Assessment
$3,767,437 CAD
Improvements Assessment
$11,198,418 CAD
Total Assessment
$14,965,855 CAD
  • Listing ID: 39920029

  • Date on Market: 2026-03-26

  • Last Updated:

  • Address: 8450 N Payne Rd, Indianapolis, IN 46268

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