140 53Rd StAnderson, IN 46013

Property Details for 140 53Rd St

Year built

1995

Construction

WOOD

Lot size

2.25 AC

Property size (Sq ft)

12,600 SF

Property type

Office properties

APN

48-11-25-404-006.000-003

APU

481125404006000003

Description

This 12,600 square foot, single-story Class B office building in Anderson, Indiana, is available for sale at $1,500,000 ($119.05/SF). Built in 1995, the property sits on a 2.25-acre lot (APN: 48-11-25-404-006.000-003) and features 130 parking spaces with convenient front-door parking and a private entrance. Currently 71.7% occupied (3,820 SF vacant), this multi-tenant property boasts high visibility from 53rd Street, experiencing over 10,000 vehicles per day. Its location offers easy access to I-69 (1.9 miles away) and allows for prominent facade signage. The interior features four large, adaptable rooms, previously used as classrooms, making it suitable for various uses, including but not limited to: autism therapy centers, daycares, educational facilities, training centers, or call centers. The property is zoned B3 and is offered as a Net Net Net (NNN) lease. This is a unique opportunity to acquire a well-located, versatile office building with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,569,995

  6.5%

  $1,449,226

  7%

  $1,345,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,564,794

  Geo Method

  $1,564,794

• Alternative Use

  Use

  Valuation

  Residential

  $1,797,040

  Hospitality

  $1,646,079

  Educational

  $1,369,519

  Medical

  $1,416,618

  Retail

  $2,130,362

Location Insight

City

Anderson

County

Madison

State

Indiana

Latitude

40.0628

Longitude

-85.6766

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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