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    101 S Anderson St Elwood, IN 46036

    Pending
    For Sale
    $749,000

    Retail - Elwood, IN

    Type:Retail
    Property size:
    13,798 SF
    Lot size:
    0.76 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 101 S Anderson St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Pending
    Zoning
    B2
    APN
    480415202088000027
    Size
    13,798 SF
    Lot size
    0.76 Acres

    Building Details

    Year built
    1960
    Roof type
    Rubber
    Architectural style
    Other

    Highgarden Real Estate (317) 280-4663 [email protected]

    Listing agent Albert Stancato (317) 205-4320 License #RB16000255

    Listing date Nov 25, 2025

    MLS# 22019249 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Downtown Elwood Two-Level Property

    This 13,798 sq. ft. two-level property is located in downtown Elwood at the intersection of State Road 13 (North Anderson St.) and State Road 28 (Main Street). The property is suitable for a church or place of worship, restaurant or bar, school with daycare facilities, or an event center or banquet hall. The upper level offers approximately 7,000 sq. ft. of adaptable space. The basement level provides an additional 7,000 sq. ft. suitable for storage or offices. The City of Elwood is open to considering tax abatement for this property. The property is zoned B2. The lot size is 0.763 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    SKF Designs, LLC Flowers & Gifts

    Location Insight

    • Map
    • Local Demand
    City
    Elwood
    County
    Madison
    State
    Indiana
    Longitude
    -85.841514
    Latitude
    40.276765

    Nearby Similar for Sale

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    • $275,000
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      Historic Elwood Commercial Building

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    • $49,500
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      Elwood Commercial Property: Huge Potential

      Distressed property, high redevelopment potential.
      1516 Main St, Elwood, IN 46036
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    • $749,000
      13,798 SF

      Downtown Elwood Retail Space

      Prime Location, High Visibility, 13,798 sq ft
      101 Anderson St, Elwood, IN 46036
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    • $750,000
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      Elwood Retail Redevelopment Opportunity

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      101 Anderson St, Elwood, IN 46036
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    FAQs

    What type of property is this?
    Storefront property - Two-level 13,798 SF property in downtown Elwood, Indiana.
    Where is this storefront property located?
    The property is located at 101 S Anderson St Elwood, IN.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Prime downtown location at the high-visibility intersection of State Road 13 and State Road 28.; - Seller financing available.; - Substantial 13,798 sq. ft. two-level property with adaptable space.
    (317) 205-4320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 S Anderson St Elwood, IN 46036
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