Brick Corner Retail Office
1601 E 53rd Street Anderson, IN 46013
1601 E 53rd Street, Anderson, IN, 46013
$391,000
For Sale
$391,000
SINGLE_FAMILY - Anderson, IN
Property Size1,756 SF
Lot Size1.07 Acres
Price / SF$222.67
Days on Market373
Property Features for 1601 E 53rd Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- Commercial Office
- Standard status
- Active
- APN
- 481231100038000003
- Lot size
- 1.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Pt Nw W2 Ne Plat 8-4 1.0700Acres Str: 31198 Section: Plat: 00 In: Out:
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1964
- Roof type
- Metal
Listing Agency
Keller Williams Indy Metro NE
(317) 564-7100
River Rd Ste 200 8555, Indianapolis, IN
Listed by
Justin Puckett · License #RB14041687
(317) 564-7100
Added: Jul 14, 2025 Updated: Jun 16 at 10:12 am Checked: Jul 21 at 1:06 am
MLS# 22050622
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale brick building offers a flexible interior configuration currently set up as a nail salon. The space includes a welcoming reception area, multiple service spaces, a full kitchen, and two bathrooms. For comfort and year-round usability, the building is served by gas forced-air heating and central electric cooling. There is also convenient on-site storage with an attached garage, supporting day-to-day operations.
Set on a 1.07-acre commercial site at a busy intersection on the Anderson south side, the property benefits from strong visibility at the corner of E 53rd Street and Arbor Street. Access is supported by ample front and rear parking, making it practical for both customers and staff.
While the current improvements support personal service uses, the layout is also described as adaptable to other retail, office, medical, or professional needs. The combination of corner exposure, dedicated parking, and built-in functional spaces such as reception, multiple work areas, and a full kitchen can be a helpful fit for owner-users seeking a turnkey option or buyers looking for a versatile commercial facility.
Set on a 1.07-acre commercial site at a busy intersection on the Anderson south side, the property benefits from strong visibility at the corner of E 53rd Street and Arbor Street. Access is supported by ample front and rear parking, making it practical for both customers and staff.
While the current improvements support personal service uses, the layout is also described as adaptable to other retail, office, medical, or professional needs. The combination of corner exposure, dedicated parking, and built-in functional spaces such as reception, multiple work areas, and a full kitchen can be a helpful fit for owner-users seeking a turnkey option or buyers looking for a versatile commercial facility.
Key Highlights
- 1.07‑acre commercial site at the corner of 53rd St. and Arbor St. at a high‑traffic intersection
- 1,756 sq. ft. brick building configured as a nail salon with a flexible layout for other commercial uses
- Includes a reception area, multiple service spaces, a full kitchen, and 2 bathrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $19.44 |
| − Vacancy | −$3.3k | −$1.89 |
| EGI | $30.8k | $17.55 |
| − OpEx | −$7.7k | −$4.39 |
| NOI | $23.1k | $13.17 |
1,756 SF · lease $19.44/SF/yr · vacancy 9.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$330.3K
$289.0K – $385.3K
NOI $23,119 @ 7.0% cap · market cap 5.91%
Second Best
Retail
$237.1K
$207.4K – $276.6K
NOI $16,594 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$404.7K
$354.2K – $472.2K
NOI $28,332 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Corner commercial building with turnkey service layout, full kitchen, and parking for customer convenience.
Where is this storefront property located?
The property is located at 1601 E 53rd Street Anderson, IN.
What is the asking price?
The asking price for this property is $391,000.
What are key features of this property?
This property features: 1.07‑acre commercial site at the corner of 53rd St. and Arbor St. at a high‑traffic intersection; 1,756 sq. ft. brick building configured as a nail salon with a flexible layout for other commercial uses; Includes a reception area, multiple service spaces, a full kitchen, and 2 bathrooms
