815 53rd St, Anderson, IN 46013-1730
This exceptional 80,510-square-foot warehouse, situated on a 5-acre lot at 815 E 53rd St, Anderson, IN 46013, presents a significant investment opportunity. Built in 1962 and extensively renovated in 2018, the Class B property boasts a single-story building with a 17.5-foot ceiling height and ample 300 parking spaces. The warehouse features 400 feet of frontage on 53rd Street, conveniently located near I-69 and between Ivy Tech campuses. Its strategic location also benefits from proximity to a race track and casino, and a high school, ensuring high daily vehicle traffic. The entire 80,510 square feet is currently vacant and available for lease or sale. The property's multiple tenancy allows for flexibility, and existing tenants in nearby outlots are thriving. Property taxes are $1.09 per square foot. This prime location, combined with the building's recent renovations and substantial size, makes Southdale Plaza an attractive option for various industrial or retail uses. The property is conveniently located in the Indianapolis submarket, offering easy access to major transportation routes and a robust local economy. The property is zoned for multiple uses.
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.