Property profile

3400 E Lynn St Anderson, IN 46013

FOR SALE
Industrial land
Property ID
US31-0585111
32,784 SF 18.51 ac lot Built 1908
Individually Owned 4-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 18.51-acre industrial land parcel, located at 3400 E. Lynn St., Anderson, IN 46013 (APN: 48-12-19-301-011.000-003), presents a unique redevelopment opportunity. Currently zoned I2, this brownfield site is ideally suited for a variety of industrial uses, complementing manufacturing and wholesale operations. The property is "pad ready," eliminating significant upfront site preparation costs. Its strategic location south of downtown Anderson offers excellent accessibility, with convenient access to 34th Street and surrounding paved thoroughfares on Clark, Columbus, 34th, and 36th Streets. The property's designation within a CRED, New Market Tax Credit Area, and Foreign Trade Zone may provide significant tax and incentive benefits to the future owner. This highly unique, historic site offers a compelling investment opportunity with no land use restrictions, making it an attractive prospect for industrial development. The asking price is $300,000.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1908
Construction BRICK
Total area 32,784 SF
Lot 18.51 ac (806,296 SF)
APN 48-12-19-301-011.000-003
UPID US31-0585111

Cap rate & NOI

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

Location

3400 E Lynn St Anderson, IN 46013
Anderson metro Census 2000 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
$872k
Blend (final) Blend
$680k

Owner & transaction history

since 2021
1 recorded transaction
2021
$6,004

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message