216 9Th StAnderson, IN 46016

Property Details for 216 9Th St

Year built

1966

Construction

TYPE NOT SPECIFIED

Lot size

0.45 AC

Property size (Sq ft)

8,840 SF

Property type

Retail properties

Property subtype

Retail space

APN

48-11-12-404-017.000-003

APU

481112404017000003

Description

This exceptional 8,840-square-foot office building, located at 216 E. 9th St. in Anderson, Indiana, presents a unique opportunity for businesses seeking a versatile and recently renovated space. Built in 1966 and completely renovated in 2024, this single-tenant Class B property offers a flexible layout ideal for various business needs. The open floor plan includes ample space for training, private offices, a conference room, and a convenient kitchenette. A significant advantage is the inclusion of a 10x10 drive-in door, providing convenient access for parking, storage, or deliveries. Situated in the heart of Downtown Anderson, this property benefits from its proximity to a variety of retail, dining, and recreational options, fostering a healthy work-life balance. The nearby Downtown Historic District offers additional charm and local amenities. The property's location in Madison County, Indiana, zip code 46016, provides easy access to major transportation routes and a thriving community. This one-story building offers a modern and functional workspace, perfectly suited for businesses seeking a dynamic and accessible location in a vibrant city. The property's adaptability makes it suitable for traditional office use, coworking spaces, medical offices, or creative office environments. The entire 8,840 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,618,775

  6.5%

  $1,494,254

  7%

  $1,387,521

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,766,556

  Geo Method

  $2,766,556

• Alternative Use

  Use

  Valuation

  Residential

  $1,260,459

  Hospitality

  $1,154,574

  Educational

  $960,592

  Medical

  $993,628

  Retail

  $1,494,254

Location Insight

City

Anderson

County

Madison

State

Indiana

Latitude

40.1075

Longitude

-85.6762

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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