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    2307 10Th St Anderson, IN 46012

    Sponsored
    For Sale
    $174,900

    High-yield retail property with multiple income streams.

    Property size:
    3,854 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use commercial property at 2307 E 10th Street, Anderson, Indiana, presents a lucrative investment opportunity. The 3,854 square foot building sits on a 0.15-acre lot and offers two established income-generating tenants. A thriving hair salon occupies the main level, currently leased for $1,600 per month, while an upstairs unit generates $600 monthly in rental income. Two additional vacant units provide further potential for rental income growth or owner-occupancy. Strategically located just one block from Satterfield Road, Anderson's busiest thoroughfare, this property enjoys high visibility and excellent accessibility. Ample on-site parking caters to both tenants and customers, enhancing the property's appeal. The versatile layout and prime location make this an ideal investment for portfolio expansion or a business seeking a high-traffic commercial area. Priced at $174,900, this property represents a rare chance to acquire a significant piece of Anderson's thriving commercial real estate market. The current rental income provides a strong foundation for immediate return on investment, with significant upside potential from leasing the vacant units.

    Property Features for 2307 10Th St

    General Information

    Property type
    Retail properties
    Square Feet
    3,854 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Heartwork Tattoo Company Tattoo Shop Massage Therapy - Pennie ... Massage Therapist Studio 10 Beauty Salon Kinnaman Studio Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.65114
    Latitude
    40.10559

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    FAQs

    What type of property is this?
    Retail property - High-yield retail property with multiple income streams.
    Where is this retail property located?
    The property is located at 2307 10Th St Anderson, IN.
    What is the asking price?
    The asking price for this property is $174,900.
    (765) 640-1900
    Request Owner's contact information
    2307 10Th St Anderson, IN 46012
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    Anderson, IN 46012
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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
    2307 10Th St Anderson, IN 46012
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