1515 S 19th St 11,421 SF Office Building Elwood, IN 46036 $299,900 ($26.26/SF)

Prime Development & Turnkey Medical Office D2-N & R-2 Zoning. This property is properly zone R-2 but was given a variance of D2-N for as long as property is used as medical facility.
Discover a unique investment and development opportunity in the heart of Elwood, Indiana. Zoned R-2 Medium-High Density Residential and D2-N Commercial, this property offers exceptional flexibility for either immediate medical office use or future redevelopment.
Currently built out as a fully operational medical office, this 11,421-square-foot, two-story facility features: Multiple private exam rooms, Spacious reception and waiting area, Administrative offices & consultation rooms, Nurse stations, storage, and restrooms, ADA-compliant entry and patient access, HVAC and utility systems designed for medical operations
Recent Upgrades: Brand-new commercial roof (2024), Resurfaced and striped parking lot with 54 spaces
Ideal For:
Urgent care, specialty clinics, or outpatient services, Healthcare groups seeking a plug-and-play medical facility
Developers interested in mixed-use, multifamily, or commercial projects. This property can be converted to a large apartment or housing facility.
Located just off State Road 13, the property benefits from strong visibility and accessibility within a growing residential and service corridor, making it an attractive choice for both investors and operators.
Positioned within a growing residential and service corridor, the property offers excellent visibility and accessibility, just minutes from local schools, neighborhoods, and other healthcare providers. 1515 S 19th Street sits minutes from major area thoroughfares, Main Street/Route 28, and State Route 37. Whether expanding a practice or establishing a new footprint in Madison County, this property provides the infrastructure and location to support long-term growth.