809 8th St Anderson, IN 46012-4022
This exceptional 2,430 square foot mixed-use commercial building presents a unique investment opportunity in Anderson, Indiana. Situated on a 0.3-acre lot, the property boasts a desirable location with easy access to downtown Anderson, State Road 32, Scatterfield Road, and Interstate 69, placing it within close proximity to Anderson University. The building features a striking brick exterior, complemented by a newer roof and HVAC system, ensuring both aesthetic appeal and operational efficiency. Recent upgrades include new LED lighting throughout, significantly reducing energy costs. A substantial parking lot, enhanced by a large canopy, provides ample space for customers and employees. The property benefits from excellent street visibility thanks to a prominent metal pylon sign. The interior offers considerable flexibility, suitable for a variety of commercial uses including office space, retail, or storage. While a small portion of the land is located within a designated flood plain, the building itself is entirely outside this area. The current ceiling tiles can be removed to reveal attractive wooden cathedral ceilings, adding a unique architectural element to the space. This property offers a blend of modern amenities and classic charm, making it an ideal investment for discerning buyers seeking a versatile and well-located commercial space.
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Star Realty Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.