Property profile

1402 Madison Ave Anderson, IN 46016

OFF-MARKET
Parking lots & garages
Property ID
US31-2965222
0.15 ac lot Built 1970
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional one-acre commercial lot, located at 1402 S Madison Ave in Anderson, Indiana (zip code 46016), presents a remarkable investment opportunity. Situated on a hard corner at a busy intersection in Madison County, this property boasts exceptional visibility and high traffic counts exceeding 20,000 vehicles. Its strategic location within a bustling commercial corridor offers unparalleled access to a dense population and numerous amenities. The property is zoned for commercial use and has already received approvals for gas stations and convenience stores, making it ideally suited for a variety of retail developments. The asking price is $325,000. This prime location ensures significant exposure and potential for substantial returns. The property's size and zoning make it an attractive prospect for businesses seeking high visibility and convenient access for customers. Don't miss this chance to acquire a highly desirable commercial lot in a thriving Indiana city. The coordinates are 40.101836 latitude and -85.691613 longitude. This is a rare opportunity to secure a well-positioned, high-traffic commercial property in a rapidly growing area.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1970
Lot 0.15 ac (6,360 SF)
APN 48-11-13-203-120.000-003
UPID US31-2965222

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1402 Madison Ave Anderson, IN 46016
Anderson metro Census 11900 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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