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    Property profile & analytics

    3315 Cherry Rd Anderson, IN 46011-2201

    • Turn key restaurants
    • 2,790 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Last Sale
    Nov 06, 2023
    Location Intelligence
    Property ID
    US31-1382437
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TM Nortons Brewing Company / Brewpub
    • Cottrell Christian Learning / School
    • Sundaze Tanning Salon / Tanning Salon

    Property Details for 3315 Cherry Rd

    Year built
    1944
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.31 lot acres
    Property size
    2,790 SF
    Property type
    Turn key restaurants
    APN
    48-11-16-100-051.000-005
    APU
    481116100051000005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.7306
    Latitude
    40.1023
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,018
    $15,500
    $49,500
    $65,000
    -
    $15,500
    $49,500
    $65,000

    Comparable in this City

    • Value Estimation
      $410,000
      2,816 SF

      2607 Nichol Ave

      RESTAURANT • 2,816 SF
      2607 Nichol Ave, Anderson, IN 46011-3263
      View Details
    • Value Estimation by Request
      15,071 SF

      3921 Nichol Ave

      RESTAURANT • 15,071 SF
      3921 Nichol Ave, Anderson, IN 46011-2901
      View Details
    • Value Estimation by Request
      636 SF

      1425 Orch Ln

      RESTAURANT • 636 SF
      1425 Orch Ln, Anderson, IN 46011-3043
      View Details
    • Value Estimation
      $50,000
      0.16 Acres

      29th St

      RESTAURANT • 0.16 Acres
      29th St, Anderson, IN 46011
      View Details
    • Value Estimation
      $460,000
      2,611 SF

      2508 Nichol Ave

      RESTAURANT • 2,611 SF
      2508 Nichol Ave, Anderson, IN 46011-3262
      View Details
    • Value Estimation
      $300,000
      1,614 SF

      3505 Nichol Ave

      RESTAURANT • 1,614 SF
      3505 Nichol Ave, Anderson, IN 46011-3004
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land for Sale in Anderson

      123 acres suitable for commercial or residential development.
      6607 Providence Dr, Anderson, IN 46011
      View Details
    • $210,000

      Acreage in Madison County

      Land suitable for farming or building in Madison County.
      1004 Shepherd Rd, Anderson, IN 46011
      View Details
    • $160,000
      4.71 Acres

      Residential Land in Lapel District

      4.71 acre wooded lot, ideal for building or personal use.
      100 W 100 S, Anderson, IN 46011
      View Details
    • $2,999,999
      29.25 Acres

      29.24 Acres Development Opportunity

      29.24 acres in a rapidly expanding commercial hub.
      3640 W 67Th St, Anderson, IN 46011
      View Details
    • $69,000
      109.00 Acres

      Residential Land in Lapel District

      1.1-acre residential lot ready for building, no HOA.
      4079 W State Road 32, Anderson, IN 46011
      View Details
    • Contact for pricing

      Residential Development Land For Sale

      40-acre residential development land with utilities in place.
      Rangeline Rd, Anderson, IN 46011
      View Details
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    3315 Cherry Rd
    Anderson, IN 46011-2201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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