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Flex Space with Service Bays

925 Nichol Avenue, Anderson, IN 46016

For Lease
$9 SF/Yr

Commercial Lease, Anderson, IN

Space Size3,250 SF
Lot Size0.33 Acres
Days on Market186

Property Features for 925 Nichol Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning B-1 Anderson Zoning
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 481113202100000003
Lot size 0.33 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description Oak Grove N2 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
Tax Annual Amount 3200
Legal Description Oak Grove N2 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:

Utilities

Utilities Cable Available

Building Details

Floors in Building 1
Roof type Metal
Listing Agency: Highgarden Real Estate
Listed By: Albert Stancato · License IN RB16000255
Added: May 9 Changed: Oct 8 Last Checked: Nov 10 at 10:06AM
MLS# 22101046

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

The property combines a retail-facing showroom and office component with six service bays in a flexible commercial layout. Total building area is 3,250 square feet, including approximately 600 square feet of office space and 2,650 square feet of bay area. Ownership is open to modifying the configuration, including removing bay walls, adding service doors, enclosing bays, or considering subdivision under suitable circumstances.

Located at 925 Nichol Avenue in Anderson, the property occupies a 0.33-acre site at a corner position along Nichol Avenue. Nearby retailers include Rent-A-Center, U-Haul Neighborhood Dealer, and Needler's Fresh Market. The site is zoned B-1 under Anderson zoning, with cable available and a metal roof.

Key Highlights

  • 3,250‑square‑foot commercial layout with approximately 600 square feet of office area
  • 2,650 square feet of bay area with six service bays
  • Ownership may remove bay walls, add bay doors, or enclose existing bays

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Nail Salon Hair Salon Storage Facility (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Service bays
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

368
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46016, IN

17,686
Population
9,225
Households
1.9
Avg Household Size
36
Median Age
10%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
2,763
Density / Sq Mi
$35,543
Median Household Income
$28,753
Median Earnings
$864
Median Rent
$66,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Anderson, IN

$10.5 /SF/Yr
Avg Asking Price
$8–$16 /SF/Yr
Price Range
14,607 SF
Avg Space Size

This space is priced 14% below the average of $10.5 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Corner commercial property combining showroom, office, and adaptable operational space.
Where is this flex space located?
The property is located at 925 Nichol Avenue Anderson, IN.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 3,250‑square‑foot commercial layout with approximately 600 square feet of office area; 2,650 square feet of bay area with six service bays; Ownership may remove bay walls, add bay doors, or enclose existing bays
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