Property profile

216 9th St Anderson, IN 46016

OFF-MARKET
Retail space
Property ID
US31-0727468
8,840 SF 0.45 ac lot Built 1966
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1966
Construction TYPE NOT SPECIFIED
Total area 8,840 SF
Lot 0.45 ac (19,733 SF)
APN 48-11-12-404-017.000-003
UPID US31-0727468

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Home Health Care Service
  • Physician
  • Physician
  • Home Health Care Service

Location

216 9th St Anderson, IN 46016-1512
Anderson metro Census 11900 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$567k
Blend (final) Blend
$275k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2014
Price N/A
2013
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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