2855 Northpark AveHuntington, IN 46750

Property Details for 2855 Northpark Ave

Year built

1989

Construction

WOOD

Lot size

1.16 AC

Property size (Sq ft)

10,480 SF

Property type

Office properties

Property subtype

Other office properties

APN

35-05-10-200-770.900-005

APU

350510200770900005

Description

This single-story, 10,480 square foot medical office building in Huntington, Indiana, offers a fantastic opportunity. Located at 2855 Northpark Ave, this property features two suites, with 890 square feet currently vacant, divisible to a minimum of 1,500 square feet and a maximum contiguous space of 2,700 square feet. Built in 1989, the building sits on a 1.16-acre lot and boasts 62 parking spaces, providing ample convenience for patients and staff. The property is zoned B-2 and enjoys a convenient location near US Highway 24, in a quiet office park setting. Neighboring businesses include State Farm Insurance and 218 Art Studio. The area offers easy access to a variety of amenities, including banks, hotels, restaurants, retail shops, and residential neighborhoods. Huntington University is also conveniently located across US 24, and Walmart is nearby. For added convenience, Kroger, Aldi, Wendy's, Arby's, and Pizza Hut are within walking distance. Each suite includes a conference room, kitchenette, and private bathroom. This property presents a unique opportunity for medical professionals seeking a well-located and well-equipped office space in a thriving community. The APN is 35-05-10-200-770.900-005.

• CAP approach

  CAP return

  Valuation

  6%

  $1,971,089

  6.5%

  $1,819,467

  7%

  $1,689,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $811,352

  Geo Method

  $206,351

• Alternative Use

  Use

  Valuation

  Residential

  $2,256,139

  Hospitality

  $2,066,611

  Educational

  $1,719,396

  Medical

  $1,778,529

  Retail

  $2,674,616

Location Insight

City

Huntington

County

Huntington

State

Indiana

Latitude

40.9017

Longitude

-85.5086

CBSA code

26540

CBSA name

HUNTINGTON, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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