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Property profile & analytics
OFF-MARKET
Banks

101 Anderson St Elwood, IN 46036-2014

0.11 ac lot Built 1960
Individually Owned 12-yr Hold Free & Clear
Property ID
US31-2863088
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1960
Lot 0.11 ac (4,661 SF)
APN 48-04-15-202-088.000-027
UPID US31-2863088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Anup Bhalla · 12 yrs held
Anup Bhalla
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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