1415 53Rd StAnderson, IN 46013

Property Details for 1415 53Rd St

Year built

1995

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

8,800 SF

Property type

Retail properties

Property subtype

Retail space

APN

48-12-31-100-036.000-003

APU

481231100036000003

Description

This exceptional investment opportunity encompasses a prime commercial property at 1415 E 53rd Street, Anderson, Indiana, and an additional property at 1411 E 53rd Street. The main building boasts 8,800 square feet of versatile space, perfectly suited for a variety of retail and/or industrial uses. Features include two spacious showrooms ideal for retail displays, two private offices for administrative functions, and a substantial warehouse area with a 16-foot ceiling height. A large overhead door facilitates easy loading and unloading of goods, making it highly functional for warehouse operations. The property also includes a separate 1,500 square foot brick ranch-style residential rental property, adding to the overall investment potential. The ample parking is a significant advantage, with 13 spaces in a blacktop lot, resurfaced in 2021. This property's strategic location on the south side of Anderson ensures high visibility and convenient access to local shops and major interstate routes, maximizing exposure and attracting a broad customer base. The combined properties are offered at $899,900, representing a compelling investment in a thriving market. This is a turnkey opportunity for an entrepreneur seeking to establish or expand their business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,611,885

  6.5%

  $1,487,894

  7%

  $1,381,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,754,038

  Geo Method

  $2,754,038

• Alternative Use

  Use

  Valuation

  Residential

  $1,255,094

  Hospitality

  $1,149,659

  Educational

  $956,503

  Medical

  $989,399

  Retail

  $1,487,894

Location Insight

City

Anderson

County

Madison

State

Indiana

Latitude

40.0615

Longitude

-85.6621

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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