8th Street Properties

$550,000

622 E 8th Street Anderson, IN 46012

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About this listing

DESCRIPTION

Introducing a rare investment opportunity- this 6,647 SF office building with 7 units (Five Commercial and Two Residential Apartments) offers a compelling blend of historic charm and modern functionality. Positioned in the Anderson area and zoned B-1, the property is a prime prospect for investors seeking a solid income-generating asset with potential for further growth and development. With its strategic location, this property represents a unique chance to acquire a well-maintained, income-producing property with enduring value. Vacant units are currently being renovated, and there are a plethora of tax incentives associated with the property: 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.

HIGHLIGHTS

  • 6,647 SF office building
    5 Commercial Units, Two Residential Units
    Currently being Renovated
    Zoned B-1
    Located Near Downtown Anderson
    10 Minutes from I-69
    Immediate Rental Income

AREA

Located within minutes of Downtown Anderson and close to I-69-, the area surrounding the property offers a variety of attractions and amenities. Situated within close proximity to popular business and leisure destinations, the location provides convenience and accessibility for investors in the Office/Retail Building market. Nearby points of interest include the Paramount Theatre, Mounds State Park, and the Anderson Center for the Arts, offering cultural experiences and recreational opportunities. Additionally, the up-and-coming downtown area features a variety of dining, shopping, and entertainment options, creating a dynamic environment for businesses and professionals.

  • Building Size

    6,647 sqft

  • Lot Area

    15,376 sqft

  • Year Built

    1900

  • Zoning

    B-1

  • MLS ID

    202523072

  • Year Last Renovated

    2025


Details

  • • Annual Tax: $ 3660.52
  • • Age: New Construction
  • • Cooling: A/C
  • • Exterior: Sidewalk
  • • Flooring: Wall to Wall Carpet
  • • Heating Fuel Type: Gas
  • • Lot Size: 1/2 - 1 Acre
  • • Road Type: City / Town Street
  • • Roof: Rubber
  • • Sewer: City
  • • Water: City Water

Map





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