Properties Near 198 North Main Street Rutland City, VT

Located in the heart of Rutland City, 98 Allen Street is a well-maintained four-unit professional office building offering a premier opportunity for owner-occupants or investors. Situated directly adjacent to Rutland Regional Medical Center, this property provides exceptional visibility and accessibility to the area’s leading healthcare hub—making it an ideal fit for medical, wellness, or professional office users. Three units are currently available for sale: Unit 2 – Approx. 1,900 SF (Second Floor)- $190,000 (SPAN 540-170-11584) Unit 3 – Approx. 2,390 SF (Second Floor)- $210,000 (SPAN 540-170-11580) Unit 4 – Approx. 1,900 SF (First Floor)- $190,000 (SPAN 540-170-11586) Each space features multiple private offices, conference rooms, and kitchenette areas, offering turnkey flexibility for a wide range of professional layouts. Formerly home to Rutland Mental Health Services, the building is well suited for continued medical use, therapy practices, or traditional office operations. Key Highlights: Prime location next to Rutland Hospital Flexible floorplans with professional finishes Excellent owner-user or investment opportunity Strong potential for healthcare-aligned tenants Whether you're looking to establish a new presence in Rutland’s core business and medical district or expand existing operations, 98 Allen Street delivers a strategic location and functional space with lasting value.

Suite 5 is a Leased Investment Opportunity: a 1492 Sq. Ft. Medical Office Condo in Bldg 1, conveniently located just down the road from the Regional Hospital. 69 Allen Street Professional Office Condominium has recently had the bldg exteriors all re-painted, the roofs inspected, the grounds re-landscaped and the driveways and parking recently re-paved. Office has an air-lock entry with coat racks (ideal in winter), Large reception and waiting room, 2 storage closets, 3 exam rooms and two private offices (with exterior exit from larger private office). Although Appraised by the City at $92,400, this reflects the previous owner appealing the then City Appraisal of $154,000 down to its 2020 valuation. Under the current Lease with 4 years remanining in it term, Tenant has freshly painted the walls and installed new carpeting and vinyl floor coverings. So its price is quite competitive in todays market! Net Expenses estimated at $6.50/sf, plus ht & elect.

This attractive Leased 1,188 sf Professional Office Condominium at Pond Meadow Park offered FOR SALE with Net Expenses estimated at $10.10/sf, ($1,100/mo) including heat. Lease was recently renewed through July 2028. In excellent high-traffic (15,000 ADT rounded) location with plenty of on-site parking (30 cars + or-), beautifully landscaped grounds and pastoral views across Tenney Brook picnic area. Currently configured as a 7-room dental office: reception area and office, private office, plus smaller adjacent office/lab, storage room and patient servicing offices (3) and imaging area. Two accessible restrooms are in the common area, and a non-ADA half-bath is within the 1188 sf of subject unit. Additionally Unit C-2 shares a large well-appointed client lounge with plenty of natural light, a common break-room and an approx. 6'x8' storage closet. The Condo Owners Association made fire-safety upgrades in 2019, replaced the furnace earlier, and most windows with insulated glass and upgraded the entry walkway, hallway and restrooms. Subject unit has an undivided 6.59% interest in the land, and a 20% interest in the Commercial Office Bldg. Owner will seriously consider all offers!

MUST SELL ASAP: Suite 3 is a 6-Room, 1,068 sq. ft., (gross area), Medical Office with an efficient floor plan in Bldg 1 of the 69 Allen Street Medical Office Condominium Complex,...an attractively maintained and landscaped office bldg with ample on-site parking just 2 minute's drive from the Rutland Region Medical Center (1/4 mile up Allen Street). This office was annexed to Unit 4 in the past, but is now a separate office. It was in the process of being re-painted, but that work was suspended due to a family medical commitment. 2025 Quarterly Condo Fees are $910 rounded, and Quarterly Taxes: $1,301, for total of $2,211 Quarterly fees and taxes. DISCLOSURE: The shared restroom needs to be expanded into available adjacent space to be ADA-compliant. Appraised by the City in 2018 at $127,500, it is Listed For Sale at just $100,000 for QUICK SALE.

Attractive 1,396 sf 2nd Floor Professional Office Condominium at Pond Meadow Park in excellent high-traffic location with plenty of on-site parking (30 cars + or -), beautifully landscaped grounds and pastoral views across Tenney Brook. Currently configured as a 4-room law office: reception, conference room, large private office, plus smaller adjacent office, plus storage room. Additionally Unit C-4 shares with other Units in bldg as "Limited Common Area" a large well-appointed client lounge with lots of natural light and a common break-room. Owner successfully appealed the Property Tax Assessment from $116,100 to the current $67,500, reducing the annual tax from $4,738 to the current $2,755. Condo Association recently replaced the furnace, and upgraded the entry walkway, hallway and restrooms,...and installed insulated glass windows all around except in Unit 3. Subject unit has an undivided 6.59% interest in the land, and a 20% interest in the Commercial Office Bldg. Some office furnishings and equipment are available at an additional negotiable cost. Owner will seriously consider all offers!...Note: Although currently 2nd floor walk-up units, the Condo Association Board of Directors is on record having voted to allow either or both owners of Suites C-4 and C-5 to install at their sole expense a glass-enclosed chair lift from 1st floor to 2nd floor via the existing atrium modified to accommodate same, thereby making 2nd Floor handicapped accessible.

Attractive 3-Room 730 sf Office Condominium on main floor of Knollwood Professional Bldg. For Sale or Lease: ($1,050/mo., modified gross rent: tenant pays electricity, telecom, tenant`s insurance and interior cleaning) A great park-at-your door professional office with oak-trimmed entry. Handicapped accessible*. Rear deck facing brook. A real gem of an office and location! Also available: Adjacent Unit 4, a 1-Rm 310 sf Office with private 1/2 bath For Sale or Lease: $37,500, or $495/mo., modified gross rent. (See: ML#4976249); Combine Units 4 & 5 for 1,040 sf ! DISCLOSURES: 1. * Although believed handicapped accessible because wheelchair users have used the common half-bath, with proper toilet height, grab bars and fin-faucets, serving the main floor of the center core of bldg, it does not meet current ADA rules requiring a 5-ft turnaround area in front of the toilet; and Property Mgt will remove the under-sink cabinet to comply; 2. The Water Supply, via a drilled well (see Well Report in linked documents); water quality tested July 2025, was found to have too high a pH (alkaline, the opposite of acidic), is fine for washing hands and dishes; and while a treatment system could be installed, the Knollwood Bd of Directors polled owners who said they prefer bottled; So Owners and Tenants are advised to use bottled water; 3. Fireplace in the middle room, unused in 30+ years, so prospective buyer or tenant should have that inspected by a fireplace chimney professional.

FOR SALE or LEASE: Three Professional Office Condominium Units, individually or in any combination at significant discounts: 1st Floor Unit 4 comprises the 311 sq. ft. East Wing of Bldg, being 1 office with private half bath: SALE: $37,500, or LEASE for $580/mo., Modified Gross Rent. 2nd Floor: Units 9 & 10: 747.4 sq. ft. (Gross Area, including share of common hall & restroom): Asking $31,500 for 509.6 sf #9, and $15,000 for #10,...but just $43,500 for 9 & 10 combined. Lease 9 & 10: $775/mo. + elec. All 3 Units for just $76,500! The Knollwood Professional Building is an attractive 4,565 sq. ft. office building with 3 levels. Ample on-site paved parking (30 spaces,...1 per 152 sq. ft. of office space) a perfect location for professionals and businesses wishing to be on a main route (US-4) on the East side of Rutland, the main access to Killington Ski & Golf Resort and Pico Ski Resort. ...Disclosures: The Water Supply, via a drilled well (see Well Report in linked documents); water quality tested July 2025, was found to have too high a pH (alkaline, the opposite of acidic), is fine for washing hands and dishes, but use of bottled water is recommended; ....(Review the Knollwood 1st & 2nd Floor Plans). Also offered for Sale or Lease by a different owner is adjacent 1st floor Office Unit 5 (See ML#4978296),...Currently available For Sale at $87,600.00 and For Lease at $1,050.00/mo., Modified Gross Rent. KNOLLWOOD NOW OFFERS OVER 1,500 SQ. FT. OF TRUE FLEX-SPACE!