2230 Jefferson StAnderson, IN 46016

Property Details for 2230 Jefferson St

Year built

1915

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

15,069 SF

Property type

Office properties

Property subtype

Other office properties

APN

48-12-18-303-143.000-003

APU

481218303143000003

Description

This exceptional 32,643 square foot mixed-use property, located at 2230 Jefferson Street in Anderson, Indiana, presents a unique investment opportunity. Situated on a 0.26-acre lot at a prominent corner location, this partially renovated classic church building offers immense versatility. Currently zoned R-4, the property is ideally suited for a variety of uses, including multi-family housing, a community center, a place of worship, a medical facility, or a social service ministry. The expansive interior features numerous classrooms, providing ample space for diverse programs or residential units. Two large meeting rooms, one equipped with a full kitchen, are perfect for gatherings or communal events. A spacious sanctuary, a charming parlor complete with a fireplace, and an office area already configured for medical use add to the property's functional appeal. The existing parking lot comfortably accommodates approximately 20 vehicles, supplemented by abundant on-street parking options. Priced at $175,000, this property represents a significant value proposition for an investor seeking a substantial and adaptable space in a desirable location. The building's character and size offer a rare chance to create a thriving and impactful community asset. Don't miss this chance to acquire a piece of Anderson's history with significant future potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,877,307

  6.5%

  $1,732,899

  7%

  $1,609,121

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,871,419

  Geo Method

  $1,871,419

• Alternative Use

  Use

  Valuation

  Residential

  $2,148,795

  Hospitality

  $1,968,285

  Educational

  $1,637,590

  Medical

  $1,693,909

  Retail

  $2,547,362

Location Insight

City

Anderson

County

Madison

State

Indiana

Latitude

40.0938

Longitude

-85.6702

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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