Corner Retail
For Sale
Contact for pricing
2523 E 10th Street, Anderson, IN 46012
Positioned within a retail center with substantial parking available.
Property Size35,216 SF
Price / SF$0.02
Days on Market59
Property Features for 2523 E 10th Street
General Information
Standard status
Active
Size
35,216 SF
Property subtype
Mixed Use
Additional Details
Corner Location
Yes
Building Details
Year Built
1957
Listing Agency:
eXp Realty, LLC
Listed By:
LockStep Realty · License #RB14014285
(317) 218-9625
Source:
Locksteprealty
Added: Sep 1
Changed: Oct 28
Last Checked: Oct 28 at 1:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space occupies a corner position within a retail center. The building dates to 1957 and contains 35,216 square feet.
The property is located at 2523 E 10th Street in Anderson, Indiana, with parking serving the center.
The property is located at 2523 E 10th Street in Anderson, Indiana, with parking serving the center.
Key Highlights
- 35,216‑square‑foot retail space
- Corner location within a retail center
- Parking available at the center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$332,791
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,655,820
$6.7M
Cap Rate 7%
$4,754,157
$4.8M
Cap Rate 9%
$3,697,678
$3.7M
Market Conditions
NOI Build-Up for 35,216 SF
Gross rent
$528.2K $15.00/SF
− Vacancy
−$52.8K −$1.50/SF
EGI
$475.4K $13.50/SF
− OpEx
−$142.6K −$4.05/SF
NOI
$332.8K $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%
$6,655,820
Cap Rate 7%
$4,754,157
Cap Rate 9%
$3,697,678
Alternative Uses
Best Use
Retail
$4.75M
$4.16M – $5.55M
NOI $332,791 @ 7.0% cap · market cap 40,338.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.12M
$7.10M – $9.47M
NOI $568,180 @ 7.0% cap · market cap 68,870.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 20%
Apparel 6%
Ollie's Bargain Outlet
Shops & Services
15,426 visits/mo
0.4 miles
Speedway
Shops & Services
14,822 visits/mo
0.5 miles
Taco Bell
Dining
14,126 visits/mo
0.3 miles
GetGo Gas Station
Shops & Services
13,492 visits/mo
0.3 miles
Roses Discount Store
Shops & Services
10,002 visits/mo
0.5 miles
Demographics for 46012, IN
19,108
Population
9,659
Households
2
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
597
Density / Sq Mi
$58,538
Median Household Income
$36,017
Median Earnings
$982
Median Rent
$149,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Positioned within a retail center with substantial parking available.
Where is this retail space located?
The property is located at 2523 E 10th Street Anderson, IN.
What are key features of this property?
This property features: 35,216‑square‑foot retail space; Corner location within a retail center; Parking available at the center
