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    Property profile & analytics
    OFF-MARKET Estimated value $1,300,000
    Outlet malls

    815 53rd St, Anderson, IN 46013-1730

    76,105 SF 5.75 ac lot Built 1963
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US31-0504949
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1963
    Construction TYPE NOT SPECIFIED
    Total area 76,105 SF
    Lot 5.75 ac (250,470 SF)
    APN 48-12-31-200-001.000-003
    UPID US31-0504949
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.35M
    Blend (final) Blend
    $1.30M
    Owner & transaction history
    Southdale Plaza LLC · 13 yrs held
    Southdale Plaza LLC
    since 2013
    2 recorded transactions
    2013
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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