Retail Building with Salon
For Sale
$391,000
1601 E 53rd Street, Anderson, IN 46013
Commercial Sale, Anderson, IN
Property Size1,756 SF
Lot Size1.07 Acres
Price / SF$222.67
Days on Market464
Property Features for 1601 E 53rd Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial Office
Middle school
Highland Middle School
Elementary school district
Anderson Community School Corp
Middle school district
Anderson Community School Corp
High school district
Anderson Community School Corp
Directions
Scatterfield Road to 53rd St. and go east on 53rd to the property on the south side of the street.
Subdivision
4810 - Madison - Anderson NW
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:
Tax Annual Amount
5626
Legal 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
Amenities
full kitchen
two bathrooms
gas forced-air heating
central electric cooling
front and rear parking
detached garage storage
Building Details
Year built
1964
Roof type
Metal
Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
Listed By:
Justin Puckett
(317) 564-7100
Added: Jul 14, 2025
Changed: Oct 8
Last Checked: Oct 20 at 11:06AM
MLS# 22050622
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1964, the 1,756-square-foot brick retail building is arranged for nail salon operations, with a reception area, multiple service rooms, a full kitchen, and two bathrooms. Gas forced-air heat and central electric cooling serve the interior, and the roof is metal. Parking is provided at both the front and rear of the building; a garage on the property offers additional storage.
The property occupies 1.07 acres at the intersection of 53rd Street and Arbor Street in Anderson. Its zoning is Commercial Office. The existing interior configuration and on-site parking are among the property’s concrete features.
The property occupies 1.07 acres at the intersection of 53rd Street and Arbor Street in Anderson. Its zoning is Commercial Office. The existing interior configuration and on-site parking are among the property’s concrete features.
Key Highlights
- 1.07‑acre property at 53rd Street and Arbor Street
- 1,756‑square‑foot brick building, built in 1964
- Interior includes reception, multiple service rooms, full kitchen, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,594
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,880
$331.9K
Cap Rate 7%
$237,057
$237.1K
Cap Rate 9%
$184,378
$184.4K
Market Conditions
NOI Build-Up for 1,756 SF
Gross rent
$26.3K $15.00/SF
− Vacancy
−$2.6K −$1.50/SF
EGI
$23.7K $13.50/SF
− OpEx
−$7.1K −$4.05/SF
NOI
$16.6K $9.45/SF
Area
Madison County, IN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,880
Cap Rate 7%
$237,057
Cap Rate 9%
$184,378
Alternative Uses
Best Use
Retail
$237.1K
$207.4K – $276.6K
NOI $16,594 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
475k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 26%
Apparel 13%
Groceries 12%
Chick-fil-A
Dining
41,035 visits/mo
0.5 miles
McDonald's
Dining
38,545 visits/mo
0.4 miles
Pay Less Super Markets
Groceries
35,415 visits/mo
0.3 miles
Marshalls
Apparel
33,179 visits/mo
0.3 miles
Five Below
Shops & Services
26,856 visits/mo
0.3 miles
Demographics for 46013, IN
18,288
Population
9,062
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
875
Density / Sq Mi
$49,557
Median Household Income
$35,000
Median Earnings
$891
Median Rent
$120,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A brick commercial property has a reception area, service rooms, a kitchen, and customer parking at the front and rear.
Where is this retail space 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 property at 53rd Street and Arbor Street; 1,756‑square‑foot brick building, built in 1964; Interior includes reception, multiple service rooms, full kitchen, and two bathrooms
