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Property profile & analytics
OFF-MARKET
Office Spaces

809 8th St Anderson, IN 46012-4022

2,430 SF 0.15 ac lot Built 1986
Entity Owned 5-yr Hold Free & Clear
Property ID
US31-0670265
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1986
Construction WOOD
Total area 2,430 SF
Lot 0.15 ac (6,534 SF)
APN 48-12-07-303-145.000-003
UPID US31-0670265
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Star Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Divine Property Holding LLC · 5 yrs held
Divine Property Holding LLC
since 2020
2 recorded transactions
2020
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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