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    2401-2409 Broadway St Anderson, IN 46012

    For Sale
    $449,900

    Commercial Sale, Other - Anderson, IN

    Type:Retail
    Lot size:
    0.64 Acres
    Days on Market:
    96
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 2401-2409 Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    General Business
    APN
    480836400167000019
    Lot size
    0.64 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas, Other (Heating)
    Cooling system
    Attic Fan, Central Air, None (Cooling)

    Building Details

    Year built
    1969
    Architectural style
    Other

    Engel & Völkers Indianapolis (317) 585-3575 [email protected]

    Listing agent Carol Miller (317) 585-3575

    Listing date Sep 9, 2025

    MLS# 22060029 Listing URL

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

    Overview

    Anderson Shopping Center with Income

    This neighborhood shopping center is located on the north side of Anderson. The purchase includes a laundry mat business and four additional units for rental income. Currently, two units are occupied, with leases expiring on 12/31/2026 and 2/28/2027, respectively. Two vacant units are available for updating. One of the units was previously occupied by Subway, which recently relocated to a new building. This larger unit presents an opportunity for a restaurant location. There are five spaces for individual signs, one for each space, and signage can be placed on the front of the spaces. The asphalt was redone 9 years ago and is still in nice condition. The property is situated in an area with numerous fast-food restaurants, including McDonald's, Wendy's, Taco Bell, and Arby's. A True Value hardware store is located across the street, and the immediate vicinity includes small to medium-sized residences. A new Mexican Restaurant is planned in the old Pizza Hut building to the north.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.677952
    Latitude
    40.140782

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    FAQs

    What type of property is this?
    Neighborhood center - Neighborhood shopping center with laundry mat business and rental income.
    Where is this neighborhood center located?
    The property is located at 2401-2409 Broadway St Anderson, IN.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: - Existing laundry mat business included provides immediate income.; - Rental income from two units with leases extending to 2026 and 2027.; - Vacant former Subway space presents opportunity for restaurant or other business.
    (317) 585-3575
    Request Owner's contact information
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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
    2401-2409 Broadway St Anderson, IN 46012
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