12036 Michigan RdZionsville, IN 46077

Property Details for 12036 Michigan Rd

Year built

2020

Construction

TYPE NOT SPECIFIED

Lot size

1.61 AC

Property size (Sq ft)

13,496 SF

Zone code

ZO01

Property type

Healthcare properties

Property subtype

Medical offices

APN

06-08-36-000-001.004-006

APU

60836000001004006

Description

This exceptional Class A medical office building, constructed in 2020, presents a rare leasing opportunity in the thriving Zionsville, Indiana market. Located at 12036 N Michigan Rd, this single, two-story building boasts a total of 13,076 square feet situated on a 1.49-acre lot. The property features one elevator and is conveniently located between 116th and 121st Streets (cross streets: N. of 116th & S. of 121st St.). Currently, there is one suite available for lease, measuring 2,038 square feet, ideal for a variety of medical practices. The building's modern design and prime location within Boone County (APN: 06-08-36-000-001.004-006) make it an attractive option for medical professionals seeking a high-quality space in a rapidly expanding area. The multiple tenancy structure offers flexibility and potential for collaboration. This is a unique chance to establish or expand your practice in a highly sought-after location with excellent visibility and accessibility. The property's modern amenities and Class A construction ensure a professional and comfortable environment for both staff and patients. Don't miss this opportunity to secure your space in this premier medical office building. The zip code is 46077.

• CAP approach

  CAP return

  Valuation

  6%

  $1,754,413

  6.5%

  $1,619,458

  7%

  $1,503,782

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,271,856

  Geo Method

  $1,271,856

• Alternative Use

  Use

  Valuation

  Residential

  $2,008,128

  Hospitality

  $1,839,434

  Educational

  $1,530,388

  Medical

  $1,583,020

  Retail

  $2,380,604

Location Insight

City

Zionsville

County

Boone

State

Indiana

Latitude

39.9602

Longitude

-86.2468

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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