$1 Auction-REIT Sale | Former Medical Center 824 N Huntington Ave 3,170 SF Office Building Warren, IN 46792 $175,000 ($55.21/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail/medical office building located at 824 Huntington Avenue in Warren, Indiana 46792 (the “Property”). Formerly occupied by Lutheran Health Physicians, the Property is being offered significantly below replacement cost, creating a prime opportunity for owner-users or investors to acquire a highly visible, free-standing medical/office asset at an attractive basis. FIRST BID MEETS RESERVE!
Built in 1962, the Property consists of a ±3,170 SF free-standing building situated on a ±1.71-acre parcel (±74,705 SF) with 27 surface parking spaces. The site is located at the entrance to Warren Professional Office Park at a hard corner along one of Warren’s primary thoroughfares and features monument signage, strong visibility, and convenient access. The Property offers two points of ingress/egress and ±198 feet of frontage along N Huntington Avenue, which carries more than ±3,000 vehicles per day. The existing infrastructure makes the site an excellent candidate for medical/office owner-users, adaptive reuse, or repositioning. Previously leased on a full-service basis, the building offers a compelling value-add opportunity through re-tenanting at prevailing market rents, with CoStar estimating office rental rates in the range of $14 to $17/SF FS. Zoned POD, Professional Office District, the Property supports a wide range of professional users/services, providing flexibility for future tenancy or redevelopment.
Warren serves as a local commercial and service hub within Huntington County, offering a stable small-town consumer base supported by healthcare, senior living, education, local employers, and regional connectivity. Located at the entrance to Warren Professional Office Park, the site benefits from proximity to nearby professional and healthcare-oriented uses, including Heritage Pointe of Warren, a 200-AC senior living and assisted living community located directly across from the Property and nearby residential communities. The Property is located approximately ±3 minutes from I-69, providing convenient access throughout northeast Indiana and the broader regional market. Fort Wayne is located ±40 minutes north, while Muncie and Indianapolis are ±50 minutes and ±90 minutes from the Property, respectively. The surrounding community supports a stable and growing consumer base, with a 5-mile population of ±3,255 with a high average household income exceeding $99,000.