Anderson Professional Building
6.87% Cap Rate
Marketing description
A rare chance to own a fully functional, lucrative income-generating commercial property in a strengthening market. This 6,647+/- SF office building boasts 7 total units, 5 commercial units and 2 residential units, 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 3 out of 7 total units leased, 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 and long-term stability.
Don't miss this chance to acquire a prime commercial and residential property in a thriving area with 616 & 618 E 8th St's immense potential!
616, 618, 620 & 622 E 8th St, Anderson, IN 46012
Investment highlights
Adaptive Multi-Use 6,647+/- SqFt Building with Immediate Rental Income
7 Total Commercial Units
Separately Metered Units.
3 Commercial Units Leased with above-market rents.
Leases include annual rent escalations of 3% - 5%.
Diversified Tenant Mix from Staffing Agency, Healthcare to Personal Care.
Recent Capital Improvements include new Directory Signage, Awnings and Security System.
Ample Onsite Parking.
Prime Visibility with Robust Traffic Count
Major Mulit-Million Dollar Investments into Anderson
Corteva Agriscience opened its doors in 2024 to a $30 Million Seed Distribution for Pioneer Seeds.
European Recycling Plant, SAICA Group, will construct a $110 million corrugated packaging plant (Completion in 2026)
National Brands, such as Starbucks, Chick-fil-A and Chipotle have opened new locations in Anderson, and SpartanNash (Needler’s Fresh Market) will open by 2026
Strategically Positioned with Regional Access
5 Minutes from Anderson Regional Airport (AID) and City of Anderson Transit System (CATS) Bus Terminal
10 Minutes from I-69
30 Minutes from Delaware County Regional Airport (MIE), Muncie and Ball State University
30 Minutes from Fishers and Noblesville
45 Minutes from Downtown Indianapolis and Indiana University (IU)
60 Minutes from Indianapolis International Airport (IND)
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