Renovated Conventional Restaurant
For Sale
$450,000
500 Broadway, Anderson, IN 46012
Commercial Sale, Anderson, IN
Property Size4,804 SF
Lot Size1.85 Acres
Price / SF$93.67
Days on Market51
Property Features for 500 Broadway
General Information
Property type
Residential
Property subtype
Retail
Zoning
B-2
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
GPS Friendly
Subdivision
4810 - Madison - Anderson NW
Standard status
Active
APN
481101800005000003
Lot size
1.85 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
New Survey recently recorded, parcel number is pending. 1.845+- acre lot
Legal Description
New Survey recently recorded, parcel number is pending. 1.845+- acre lot
Building Details
Year built
1960
Roof type
Asphalt
Listing Agency:
RE/MAX Real Estate Solutions · RE/MAX International
(765) 640-1900
Listed By:
Jim Bittner · License #RB14043091
(765) 640-1900
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 28 at 7:06AM
MLS# 22113000
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 conventional restaurant property includes a 4,804+- SF building on a 1.845+- acre parcel. The structure was built in 1960, renovated in 2012, and has an asphalt roof. An existing restaurant tenant occupies the building, while the operating business is excluded from the sale.
The property occupies a signaled corner at 500 Broadway in Anderson, Indiana, with substantial on-site parking. B-2 zoning allows a range of business uses, and the building may also be repurposed for office, retail, medical, church, or other permitted uses.
The property occupies a signaled corner at 500 Broadway in Anderson, Indiana, with substantial on-site parking. B-2 zoning allows a range of business uses, and the building may also be repurposed for office, retail, medical, church, or other permitted uses.
Key Highlights
- 4,804+- SF conventional restaurant building
- 1.845+- acre lot at a signaled corner
- Renovated in 2012; originally built in 1960
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
172
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
0.1 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - B-2 zoning and an existing restaurant tenant support continued operation or future commercial repositioning.
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+- SF conventional restaurant building; 1.845+- acre lot at a signaled corner; Renovated in 2012; originally built in 1960
