REIT Sale | 1529 W Lancaster St

Description:

For more information visit the RI Marketplace website. https://rimarketplace.com/auction/3250/senior-housing/bluffton/in?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=august19_2026&utm_content=senior_housing_3250.

RealINSIGHT Marketplace, in partnership with Marcus & Millichap, is pleased to present 1529 West Lancaster Street, a vacant, purpose-built senior housing and healthcare facility in Bluffton, Indiana. The asset consists of approximately 36,194 square feet, 46 rooms, and 90 beds situated on 3.77 acres in the county seat of Wells County. Delivered fully vacant, the property offers investors the ability to immediately execute a repositioning, redevelopment, or re-tenanting strategy across a range of permitted uses — including assisted living, memory care, behavioral health, substance abuse recovery, transitional housing, or multifamily conversion. The existing physical plant, which includes private residential accommodations, common areas, dining facilities, and support spaces, provides a significant development head start and cost advantage relative to ground-up construction. Bluffton's diverse economic base — anchored by healthcare, manufacturing, agriculture, and logistics — combined with favorable senior demographic trends and Indiana's business-friendly regulatory environment, make this an attractive platform for operators and investors targeting specialized residential demand throughout Northeast Indiana.