1525 14Th StAnderson, IN 46016

Property Details for 1525 14Th St

Year built

1923

Lot size

1.70 AC

Property size (Sq ft)

37,000 SF

Property type

Residential income properties

Property subtype

Other specialty properties

Description

This exceptional 2-story, 37,000 square foot mixed-use building, situated on a 1.7-acre lot in Anderson, Indiana (46016), presents a compelling investment opportunity. Built in 1923, the brick and limestone structure features 25 permitted apartment units and a full-size gymnasium. Currently zoned R3, the property boasts ample parking and a prime location near downtown Anderson, offering easy access to shopping, restaurants, and offices. Major employers such as Community Hospital Anderson, St. Vincent Health, Nestle USA, Borg Warner, and Harrah's Hoosier Park are nearby, making this ideal for workforce or senior housing. The property's strong financial performance is highlighted by a $50,000 net operating income (NOI) and a 10% capitalization rate, with an asking price of $500,000. The land value is $13.51 per square foot. While currently configured with 18 classrooms, conversion to apartments or senior housing is considered the best use, although other uses like self-storage or warehousing would require zoning changes. The property benefits from its location within two government incentivized zones: New Market Tax Credit and Qualified Opportunity Zone. This presents a rare chance to acquire a well-located, income-producing asset with significant upside potential. A 360° virtual tour is available.

Location Insight

City

Anderson

County

Madison

State

Indiana

Latitude

40.1019

Longitude

-85.6986

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].