2307 10Th St Anderson, IN 46012
- Retail properties
- 3,854 SF
- 0.15 lot acres
Current Use by Public Records
- Heartwork Tattoo Company / Tattoo Shop
- Massage Therapy - Pennie Jester / Massage Therapist / Sports Massage Therapist
- Studio 10 / Waxing Hair Removal Service / Beauty Salon
- Kinnaman Studio / Beauty Salon / Hair Salon
Property Details for 2307 10Th St
- Year built
- 1975
- Lot size
- 0.15 lot acres
- Property size
- 3,854 SF
- Property type
- Retail properties
Description
This exceptional mixed-use commercial property at 2307 E 10th Street, Anderson, Indiana, presents a lucrative investment opportunity. The 3,854 square foot building sits on a 0.15-acre lot and offers two established income-generating tenants. A thriving hair salon occupies the main level, currently leased for $1,600 per month, while an upstairs unit generates $600 monthly in rental income. Two additional vacant units provide further potential for rental income growth or owner-occupancy. Strategically located just one block from Satterfield Road, Anderson's busiest thoroughfare, this property enjoys high visibility and excellent accessibility. Ample on-site parking caters to both tenants and customers, enhancing the property's appeal. The versatile layout and prime location make this an ideal investment for portfolio expansion or a business seeking a high-traffic commercial area. Priced at $174,900, this property represents a rare chance to acquire a significant piece of Anderson's thriving commercial real estate market. The current rental income provides a strong foundation for immediate return on investment, with significant upside potential from leasing the vacant units.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Madison
- State
- Indiana
- Longitude
- -85.65114
- Latitude
- 40.10559
