5982 W State Road 32, Anderson, IN 46011
COMMERCIAL - Anderson, IN
- Added:
- Apr 9, 2026
- Days on Market:
- 67
- Last Refresh:
- Jun 14 at 12:06 am
Property Features for 5982 W State Road 32
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 481118200011000031
- Lot size
- 1.66 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Nw Nw 0.729 Acres Str: 18197
Building Details
- Floors in Building
- 2
Listing agent Chris Schulhof License #RB14031306 (317) 585-7653
Listing office RE/MAX Realty Services Fall Creek Rd Ste 100 11216, Indianapolis, IN (317) 842-4747
Listing date Apr 9, 2026
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.
HighLights
- Multi‑use building formerly used as a gas station; no tanks on site
- Over 5,400 SF with multiple bays
- Upstairs living quarters for additional income
- 1.71 acres on 2 parcels
- High‑traffic, high‑visibility site with easy egress/ingress
- Close to I‑69, St. Rd 32, St. Rd 9, and St. Rd 13
Overview
The property is positioned for easy access with high visibility and straightforward ingress/egress. It is located near major corridors, including I-69 and State Roads 32, 9, and 13, which can support day-to-day customer flow and convenient access for vehicles.
Given the existing bay configuration and the building’s retail storefront potential, the space may fit users seeking an automotive maintenance or service concept, a convenience-oriented operation, or a multi-tenant storefront approach (subject to applicable requirements). With upstairs living quarters already in place, owner-operators may also consider options where a residential component complements a service or retail use.
Local Financial Insights For Specialty Retail
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 | $111.5k | $20.64 |
| − Vacancy | −$10.8k | −$2.00 |
| EGI | $100.6k | $18.64 |
| − OpEx | −$25.2k | −$4.66 |
| NOI | $75.5k | $13.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Madison
- State
- Indiana
- Longitude
- -85.787827
- Latitude
- 40.102368
