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    8758 State Road 9 Pendleton, IN 46064

    For Sale
    $949,000

    High-yield, multi-tenant investment opportunity.

    Property size:
    13,134 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional Pendleton, Indiana commercial property boasts 13,134 square feet across seven units situated on a 4.13-acre lot. The property includes a meticulously maintained 1916 farmhouse featuring exquisite woodwork, ideal for office space or tenant occupancy. Its strategic location offers unparalleled access to I-69 (Exit 219) and I-70 (Exit 104), with over 6,100 vehicles passing daily, ensuring high visibility. The property benefits from its position in a thriving community, centrally located to serve the commercial needs of Central Indiana, including Greenfield, Muncie, Anderson, and Indianapolis. Each of the seven units is connected to municipal utilities, providing a stable and reliable infrastructure. This multi-building, multi-tenant property presents a compelling investment opportunity for those seeking a steady cash flow and the potential for future expansion and value appreciation. The versatile nature of the buildings allows for a diverse range of tenants, maximizing income potential. This is a rare chance to acquire a well-established, high-traffic commercial property in a rapidly growing area. The property's combination of historical charm and modern functionality makes it a truly unique investment opportunity.

    Property Features for 8758 State Road 9

    General Information

    Property type
    Mixed-use properties
    Square Feet
    13,134 SF
    Lot Size
    179,903 SF

    Building Details

    Year Built
    1916
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Building Supply Dental Office Wholesale Shop Kitchen & Bath Storage Facility HVAC Service Bar & Pub Garden Center Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pendleton
    County
    Madison
    State
    Indiana
    Longitude
    -85.75387
    Latitude
    39.97785

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield, multi-tenant investment opportunity.
    Where is this mixed-use property located?
    The property is located at 8758 State Road 9 Pendleton, IN.
    What is the asking price?
    The asking price for this property is $949,000.
    (765) 888-7653
    Request Owner's contact information
    8758 State Road 9 Pendleton, IN 46064
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    Pendleton, IN 46064
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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
    8758 State Road 9 Pendleton, IN 46064
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