690 & 698 Pro Med Lane

Office for Sale
Catylist Listing ID: 30802222
Property Subtypes: Business Park, Office Building
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Sale Price: $3,650,000
Unit Price: $182.50 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/16/2023

Overview / Comments

Northern Commercial is pleased to present for sale two office buildings situated in a picturesque wooded office complex. Buildings can be sold together for $3,504,375. Or separately: 690 Pro Med Lane: $2,059,050. 698 Pro Med Lane: $1 ,445,325.
Located at US-31/136th Street. Easy access to US-31 and I-465. Two, 2-story brick buildings renovated in 2018/2019. Convenient to restaurants, banks, medical, and shopping. 30 minutes to Indianapolis International Airport. Monon trail access nearby.
690 Pro Med Lane: 2- story- 12,000/sf (approx. 6,000/sf per floor).
698 Pro Med Lane: 2-story- 8,000/sf (approx. 4,000/sf per floor). Available for owner-occupied space: 3,600sf.
Parking ratio: 690 Pro Med Lane: 50 surface. Ratio of 4.16/1000sf 698 Pro Med Lane: 45 surface. Ratio of 5.63/1000sf

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Hamilton
Tax ID/APN: 29-09-25-001-001.000-018, 29-09-25-001-002.000-018
Total Number of Buildings: 2
Number of Stories: 2
Construction/Siding: Brick
Parking Type: Surface
Zoning Description: Commercial- Office
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,611 54,214 151,832
Median Age: 37.45 39.34 37.61
Households: 3,537 20,921 59,809


Photograph of Listing Agent

Craig Kaiser

ICREX Member
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