616-721 E 8th St - Office/Residential FOR SALE


Anderson, IN 46012
$550,000 USD
718-813-7894
616-721 E 8th St, Anderson, IN for Sale
$550,000 USD
Office/Residential - FOR SALE
1/6
null | Request Cap Rate

616-721 E 8th St
Anderson, IN 46012


OVERVIEW

A rare chance to own a fully functional, lucrative income-generating mixed-use property in a strengthening market. This 6,647 SF office building boasts 7 units - five commercial and two residential apartments - blending historic charm with modern functionality, while delivering immediate rental income with significant upside. Zoned B-1 (Local Business District) and strategically located near downtown Anderson and I-69, this property presents flexibility and adaptability with tenants needs. Currently undergoing renovations, this property offers immediate rental income, making it an attractive prospect for investors seeking a well-maintained property with enduring value. Tax and local incentives like Tax Increment Financing (TIF), Municipal Riverfront Development District and various credits enhance its appeal. Adding to the appeal, the property is surrounded by a strong mix of amenities that support both commercial and residential tenants, including Anderson University, Purdue Polytechnic Institute, the Paramount Theatre Centre & Ballroom, Anderson Museum of Fine Arts, Dickmann Town Center, Ron Lahody’s Trust Your Butcher Steakhouse, and Mounds State Park. These cultural, educational, and lifestyle anchors strengthen the property’s ability to attract and retain tenants long term, adding to its investment allure. Backed by a robust local economy led by Nestlé, Ascension St. Vincent Anderson, Community Hospital Anderson, and Anderson University, this asset sits in a market with stable employers. Anderson also supports a growing entrepreneurial and startup ecosystem through incubators like the Flagship Enterprise Center and InerG Impact, fostering new business creation and future tenant demand. Just minutes from I-69 and less than an hour from Indianapolis, Anderson offers investors affordability with real growth potential. This is a turnkey opportunity with immediate cash flow, value-add upside, and long-term stability.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Anderson Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Day Care Center, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

Business Zone 1 (B-1)

APN/PARCEL ID

48-12-07-303-206.000-003

ASK ABOUT THIS PROPERTY

Mariusz KuryloMr. Mariusz "Mario" KuryloMore Info
718-813-7894

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Mariusz KuryloMr. Mariusz "Mario" KuryloMore Info
718-813-7894

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.