616-721 E 8th St Bureau 618 m² 42 % Loué À vendre Anderson, IN 46012 475 915 € (770,68 €/m²)

Located in the heart of Anderson, Madison County, Indiana, this 7-unit mixed-use building, sitting on 0.353+/- acres, features 6,649 +/- square feet of commercial/retail/residential space, located on high vehicle per day road frontage, getting valuable exposure from thousands daily.
5 out of the 7 units are commercial/retail. 2 out of the 7 units are residential. All units are separately metered out. There is a potential to split one larger commercial/retail unit into two and convert the large expansive attic into another residential unit, which would bring the total units into 9.
3 out of 5 commercial/retail spaces leased out on 3 year modified gross leases, with 3% annual rent increase and 4 renewal options. Spaces currently leased out at above market rents, from $18/sqft to $45/sqft. Anchor tenants featured in the property include a nurse staffing agency, that has over 500 locations in 42 states; and a therapist group with 5 locations in Indiana and expanding!
Rehab and redevelop the unleased portion of the property, while collecting above market rents, to maximize the fullest potential in this investment.
A plethora of tax incentives, including a foreign trade zone, Tax Increment Financing (TIF) district, new market tax credit, Low-Income Housing Tax Credits (LIHTC), headquarter-relocation tax credits and Riverfront District, make this property an attractive long-term investment for the savvy investor.
Strategically located near Interstate 69, providing immense connectivity to Indianapolis located just 40 miles south of the property. Presenting a flexible office investment opportunity with immense lease-up upside alongside potential adaptive reuse projects.
Anderson, Indiana, offers an attractive environment for office investment, blending a rich history with modern development. Located within Madison County, the area boasts a well-established infrastructure and a business-friendly atmosphere, making it an appealing destination for entrepreneurs and professionals alike. The property benefits from proximity to key transportation routes, including Interstate 69, which connects Anderson to Indianapolis, just 40 miles south. This access enhances the city's strategic location for businesses seeking regional connectivity while still enjoying the advantages of a smaller, more connected community.
10-minute drive from I-69 exit, 6-minute drive from Anderson Municipal Airport (AID), 2-minute drive from Madison County Circuit Courthouse, 2-minute drive from Anderson Municipality, 1-hour drive to Indianapolis International Airport, and 45-minute drive to downtown Indianapolis.