Restaurant Building on Corner
For Sale
$450,000
500 Broadway, Anderson, IN 46012
B-2 zoning supports a range of business uses beyond the existing restaurant occupancy.
Property Size4,804 SF
Lot Size1.85 Acres
Price / SF$93.67
Days on Market108
Property Features for 500 Broadway
General Information
Standard status
Active
Size
4,804 SF
Lot size
1.85 Acres
Property subtype
Commercial
Zoning
B-2
Additional Details
Corner Location
Yes
Building Details
Building Size
4,804 SF
Year Built
1960
Year Renovated
2012
Buildings
1
Tenancy
Single
Listing Agency:
Batts Real Estate Group
Listed By:
Lisa Batts
(765) 894-0575
Source:
Battsrealestategroup
Added: Jul 9
Changed: Oct 22
Last Checked: Oct 22 at 2:26PM
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 Batts Real Estate Group
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Investment Insights
Based on property information with market context.
The 4,804-square-foot restaurant building dates to 1960 and was renovated in 2012. It is described as being in good condition and sits on a 1.845-acre lot with substantial parking. The restaurant tenant occupies the building; the restaurant business is not part of the sale.
At 500 Broadway in Anderson, the property is situated on a signalized corner. B-2 zoning allows a range of business uses, and the building may also suit office, retail, medical, or church use.
At 500 Broadway in Anderson, the property is situated on a signalized corner. B-2 zoning allows a range of business uses, and the building may also suit office, retail, medical, or church use.
Key Highlights
- 4,804‑square‑foot building, constructed in 1960
- Renovated in 2012 and described as being in good condition
- 1.845‑acre lot with substantial parking
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Frisch's Big Boy
Dining
5,627 visits/mo
0.1 miles
Pizza King
Dining
4,778 visits/mo
0.0 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
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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?
Conventional restaurant - B-2 zoning supports a range of business uses beyond the existing restaurant occupancy.
Where is this conventional restaurant located?
The property is located at 500 Broadway Anderson, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,804‑square‑foot building, constructed in 1960; Renovated in 2012 and described as being in good condition; 1.845‑acre lot with substantial parking
