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    Property profile & analytics

    405 Anderson St Elwood, IN 46036-1526

    • Turn key restaurants
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Jul 12, 2024
    Location Intelligence
    Property ID
    US31-2983557
    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

    • Turn key restaurants

    Property Details for 405 Anderson St

    Year built
    1975
    Lot size
    0.18 lot acres
    Property type
    Turn key restaurants
    APN
    48-04-10-303-105.000-027
    APU
    480410303105000027

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elwood
    County
    Madison
    State
    Indiana
    Longitude
    -85.8415
    Latitude
    40.2803
    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
    $2,895
    $7,200
    $89,300
    $96,500
    -
    $7,200
    $89,300
    $96,500

    Comparable in this City

    • Value Estimation by Request
      1.20 Acres

      7340 State Rd 28

      RESTAURANT • 1.20 Acres
      7340 State Rd 28, Elwood, IN 46036-8964
      View Details
    • Value Estimation
      $380,000
      12,751 SF

      1700 Anderson St

      RESTAURANT • 12,751 SF
      1700 Anderson St, Elwood, IN 46036-3319
      View Details
    • Value Estimation
      $320,000
      1,824 SF

      1920 Anderson St

      RESTAURANT • 1,824 SF
      1920 Anderson St, Elwood, IN 46036-3324
      View Details
    • Value Estimation
      $340,000
      2,170 SF

      1904 Anderson St

      RESTAURANT • 2,170 SF
      1904 Anderson St, Elwood, IN 46036-3324
      View Details
    • Value Estimation
      $230,000
      9,376 SF

      2233 J St

      RESTAURANT • 9,376 SF
      2233 J St, Elwood, IN 46036-2507
      View Details
    • Value Estimation
      $310,000
      29.10 Acres

      1514 State Rd 37

      RESTAURANT • 29.10 Acres
      1514 State Rd 37, Elwood, IN 46036-3117
      View Details

    Similar Nearby for Sale

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      Turnkey Restaurant Opportunity in Elwood

      Turnkey restaurant with equipment, inventory, and menu included.
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    • $750,000
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      Elwood Retail Redevelopment Opportunity

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    • $749,000
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      Prime Location, High Visibility, 13,798 sq ft
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    • $350,000
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      Elwood Mixed-Use Commercial Property

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    • Contact for pricing
      0.39 Acres

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      Three residential lots in Elwood, Indiana, ready for building.
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    Similar Nearby for Lease

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      4,000 SF

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      Retail space with easy access and strong visibility available for rent.
      539 Main St, Elwood, IN 46036
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      Elwood Retail Space: Prime Location

      4,000 SF Retail Building, Ample Parking
      7826 In-28, Elwood, IN 46036
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    • $14 SF/Yr
      4,020 SF

      Elwood Retail Space Available

      Retail property available for lease in Elwood, Indiana.
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    • $12 SF/Yr
      4,040 SF

      Park Plaza Shopping Center Office

      Office space available in Park Plaza Shopping Center.
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    • $7,500 /Mo
      8,000 SF

      Elwood Warehouse Space Available

      8,000 SF warehouse space for lease in Elwood, Indiana.
      2635 S F St, Elwood, IN 46036
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    • $35 SF/Yr
      3,236 SF

      Elwood Coworking Space Available

      Prime Elwood location, versatile office & flex space.
      1600 A St, Elwood, IN 46036
      View Details
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    405 Anderson St
    Elwood, IN 46036-1526
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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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