200 3rd Ct SE - Medical FOR SALE


Demotte, IN 46310
$2,132,014 USD
847-562-0003
200 3rd Ct SE, Demotte, IN for Sale
$2,132,014 USD
Medical - FOR SALE
1/3
null | 7.25% Cap Rate

200 3rd Ct SE
Demotte, IN 46310


HIGHLIGHTS

  • Tenant-Initiated Lease Extension - In October 2025, NorthShore Health Centers voluntarily converted its remaining renewal option into firm term
  • Essential Healthcare Use - This location is a Federally Qualified Health Center offering primary care, behavioral health, OB/GYN, pediatrics, and ultr
  • Contractual Rent Growth - 2% annual rental increases throughout the remaining primary term and renewal option provide steadily growing income.

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased NorthShore Health Centers property located in DeMotte, Indiana. NorthShore Health Centers has operated at this location since January 2022, providing primary and family medical care to the surrounding community. The tenant recently extended its lease through December 2031, demonstrating a strong commitment to the location. The lease features 2% annual rental escalations throughout the remaining term, along with one 5-year renewal option. The 8,920 square-foot building is located along US Route 231, which carries 13,000 vehicles per day. The property benefits from an established retail corridor, with national and regional retailers including Ace Hardware, CVS Pharmacy, Dairy Queen, Dollar General, Family Dollar, McDonald’s, O’Reilly Auto Parts, Pizza Hut, Scooter’s Coffee, and Taco Bell located nearby. DeMotte sits within Jasper County, one of the Indiana counties incorporated into the Chicago metropolitan area, giving the trade area access to the economic depth of greater Chicagoland. There are approximately 14,000 residents within five miles of the property, who maintain an average household income of approximately $100,000. NorthShore Health Centers is a nonprofit Federally Qualified Health Center (FQHC) providing primary care, dental, behavioral health, women’s health, and pediatric services to communities across Northwest Indiana, regardless of a patient’s ability to pay. The organization operates more than ten locations across Lake, Porter, LaPorte, and Jasper Counties, including the subject property, and has continued to expand its footprint to meet growing demand for accessible community healthcare.

FOR SALE DETAILS

PRICE

$2,132,014 USD

PRICE/SF

$239 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NorthShore Health Centers

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

BUFF

APN/PARCEL ID

37-15-26-000-157.000-025

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.