Mixed-Use Building with
809 8th Street, Anderson, IN 46012
For Sale
$275,000
Flexible commercial building with updated systems, prominent signage, and access from two streets.
Property Size2,430 SF
Price / SF$113.17
Days on Market47
Property Features for 809 8th Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Pylon Signage
Highway Access
Road Access
Building Details
Year Built
Buildings
Stories
Building Size
Construction
Listing Agency:
Bif Ward Real Estate Group
Listed By:
Bif Ward
(317) 580-7871
Source:
Bifward
Added: Sep 22
Changed: Oct 29
Last Checked: Nov 6 at 5:03AM
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 Bif Ward Real Estate Group
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.
The 2,430-square-foot mixed-use commercial building at 809 8th Street offers a flexible interior suited to office, retail, storage, or other business functions. The property includes a brick exterior, a newer roof, newer HVAC, LED lighting, and selected cosmetic improvements. Ceiling tiles may be removed to reveal wood cathedral ceilings.
A large parking area and canopy support on-site operations, while access from two streets adds convenience. The property also includes a substantial metal pylon sign along the street. It is near downtown Anderson, State Road 32, Scatterfield Road, Interstate 69, and Anderson University. The building is outside the flood plain, although a small portion of one parcel is within it. Zoning is B1, and the building was constructed in 1986.
A large parking area and canopy support on-site operations, while access from two streets adds convenience. The property also includes a substantial metal pylon sign along the street. It is near downtown Anderson, State Road 32, Scatterfield Road, Interstate 69, and Anderson University. The building is outside the flood plain, although a small portion of one parcel is within it. Zoning is B1, and the building was constructed in 1986.
Key Highlights
- 2,430‑square‑foot mixed‑use commercial building
- B1 zoning with office, retail, storage, and other business‑use potential
- Newer roof, newer HVAC, LED lighting, and cosmetic updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,057
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,140
$481.1K
Cap Rate 7%
$343,671
$343.7K
Cap Rate 9%
$267,300
$267.3K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$43.7K $18.00/SF
− Vacancy
−$5.2K −$2.16/SF
EGI
$38.5K $15.84/SF
− OpEx
−$14.4K −$5.94/SF
NOI
$24.1K $9.90/SF
Area
Madison County, IN
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,140
Cap Rate 7%
$343,671
Cap Rate 9%
$267,300
Alternative Uses
Best Use
Mixed Use
$343.7K
$300.7K – $401.0K
NOI $24,057 @ 7.0% cap · market cap 8.75%
Second Best
Retail
$328.1K
$287.1K – $382.7K
NOI $22,964 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$560.1K
$490.1K – $653.4K
NOI $39,206 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
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?
Mixed-use property - Flexible commercial building with updated systems, prominent signage, and access from two streets.
Where is this mixed-use property located?
The property is located at 809 8th Street Anderson, IN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,430‑square‑foot mixed‑use commercial building; B1 zoning with office, retail, storage, and other business‑use potential; Newer roof, newer HVAC, LED lighting, and cosmetic updates
