1125 Medical PlSeymour, IN 47274

Property Details for 1125 Medical Pl

Year built

1971

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

2,432 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

36-66-17-404-003.000-009

APU

366617404003000009

Description

This 2,432 square foot Class B medical office space, located at 1125 Medical Place, is available for occupancy in June. Situated in Jackson Medical Park, conveniently located off US Highway 50 (Tipton Street) along South Jackson Park Drive, this single-tenant property offers ample on-site parking. Built in 1971, the space is zoned C-3 and features a well-established layout ideal for medical practices. Currently configured with five exam rooms, a lab, a breakroom, a private office, and a reception area with a dedicated work space, the property also includes three restrooms (one public, two private). A large open area provides flexibility for expansion or customization to suit specific needs, potentially allowing for additional exam or treatment rooms. The property's previous use as an optometrist's office speaks to its suitability for similar medical practices. The landlord is known for strong ownership and provides a stable and reliable environment for tenants. This is a fantastic opportunity to secure a well-appointed medical office space in a desirable location with convenient access and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $299,998

  6.5%

  $276,921

  7%

  $257,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $209,347

  Geo Method

  $209,347

• Alternative Use

  Use

  Valuation

  Residential

  $343,383

  Hospitality

  $314,537

  Educational

  $261,691

  Medical

  $270,691

  Retail

  $407,075

Location Insight

City

Seymour

County

Jackson

State

Indiana

Latitude

38.9573

Longitude

-85.8729

CBSA code

42980

CBSA name

SEYMOUR, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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