Corner Commercial Office
905 S Scatterfield Road Anderson, IN 46012
For Sale
$450,000
SINGLE_FAMILY - Anderson, IN
Property Size2,433 SF
Lot Size0.65 Acres
Price / SF$184.96
Days on Market195
Property Features for 905 S Scatterfield Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
B-2
Standard status
Active
APN
481207404058000003
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Se Se 0.6540Acres Str: 07198 Section: Plat: 21 In: Out:
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1979
Floors in Building
1
Roof type
Asphalt
Listing Agency:
RE/MAX Real Estate Solutions
(765) 640-1900
Listed By:
Jim Bittner · License #RB14043091
(765) 640-1900
Added: Jan 14
Changed: Jul 9
Last Checked: Jul 28 at 9:06PM
MLS# 22080103
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 corner commercial office building totals 2,433 square feet and was built in 1979. The interior is configured with a large open office area, a break room, two bathrooms, and a manager’s office. The property includes an asphalt parking lot with 20+ spaces.
Located on the southwest corner of South Scatterfield Road and 9th Street in Anderson, Indiana, the site provides two curb cuts on 9th Street. The building has been used as a bank branch and later as a travel agency. Zoning is listed as B-2.
The existing layout supports a range of business uses, including general office and retail, and the property is also described as potentially suitable for restaurant and other business uses. With on-site parking and direct access via two curb cuts on 9th Street, the building can work well for tenants looking for an established commercial footprint on a prominent corner site.
Located on the southwest corner of South Scatterfield Road and 9th Street in Anderson, Indiana, the site provides two curb cuts on 9th Street. The building has been used as a bank branch and later as a travel agency. Zoning is listed as B-2.
The existing layout supports a range of business uses, including general office and retail, and the property is also described as potentially suitable for restaurant and other business uses. With on-site parking and direct access via two curb cuts on 9th Street, the building can work well for tenants looking for an established commercial footprint on a prominent corner site.
Key Highlights
- 2,433 SF commercial office building built in 1979 on the southwest corner of South Scatterfield Road and 9th Street
- Built as a bank branch; later used as a travel agency
- Interior features a large open office area, break room, 2 bathrooms, and a manager's office
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 | $50.2k | $20.64 |
| − Vacancy | −$4.9k | −$2.00 |
| EGI | $45.3k | $18.64 |
| − OpEx | −$11.3k | −$4.66 |
| NOI | $34.0k | $13.98 |
2,433 SF · lease $20.64/SF/yr · vacancy 9.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$485.9K
$425.1K – $566.8K
NOI $34,010 @ 7.0% cap · market cap 7.56%
Second Best
Office B
$457.6K
$400.4K – $533.9K
NOI $32,032 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$560.8K
$490.7K – $654.2K
NOI $39,254 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Corner office building with flexible interior layout and 20+ parking spaces with two curb cuts.
Where is this office building located?
The property is located at 905 S Scatterfield Road 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: 2,433 SF commercial office building built in 1979 on the southwest corner of South Scatterfield Road and 9th Street; Built as a bank branch; later used as a travel agency; Interior features a large open office area, break room, 2 bathrooms, and a manager's office
