101 Anderson St Elwood, IN 46036-2014
This exceptional 13,798 square foot, two-level commercial property is situated in the heart of Elwood, Indiana, at the highly visible intersection of State Road 13 and State Road 28. The building offers incredible versatility and is ideally suited for a variety of uses, including but not limited to: churches, restaurants, bars, schools with daycare facilities, and event centers. The upper level boasts approximately 7,000 square feet of open, adaptable space, perfect for customization to suit specific business needs. The lower level provides an additional 7,000 square feet, ideal for storage, offices, or other supplementary uses. This property sits on a 0.76-acre lot, ensuring ample space and visibility. The City of Elwood is open to considering tax abatement for this property, presenting a significant opportunity for cost savings. Detailed zoning information is available upon request. The asking price is $749,000. Buyers are responsible for all closing costs and taxes. Seller financing is available, making this a highly accessible opportunity for qualified buyers. This unique property presents endless potential for the right investor or business owner. Don't miss this chance to secure a prime commercial location in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.