NW Indianapolis Senior Living Facility For Sale
Listing was updated at: 10/24/2018
Property Overview
Price/Rent PSF $ 3,950,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 68,449
Date Available 10/23/2018
Additional URL Link
Parking 63
Floors 3
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This property is located on the southwest corner of West 86th Street and Township Line Road on the Northwest side of Indianapolis. It is immediately west of St. Vincent's main hospital campus on West 86th Street. Access to interstates via 86th Street and Michigan Road provide simple access from I-465 and I-65 on the NW side of Indianapolis. The property is located 1 mile south of Carmel and Hamilton County, and is located on the border between Washington Township and Pike Township in Indianapolis and Marion County.

This facility was originally constructed in 1986 as an assisted living facility, and was later utilized as a skilled nursing facility. It provides an excellent opportunity for an operator to purchase a facility meeting the needs of assisted living, independent living, and many other multifamily & hospitality uses. The first floor common areas have been upgraded in recent years, and most rooms have seen conversion from double occupancy to single occupancy. The 8.37 acres of land provide a picturesque lake and forest area on the west side of the facility for residents to utilize. There is also the ability to expand parking, if needed, on the southwest and north ends of the facility. Possible other uses include long-term stay hospitality, drug and alcohol rehabilitation center, school boarding facility, and many others.