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Anderson Professional Building 616-721 E 8th St 6,647 SF 43% Leased Office Building Anderson, IN 46012 $341,763 CAD ($51.42 CAD/SF) 10.40% Cap Rate
Executive Summary
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, 100% occupied/leased, 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
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, 100% occupied/leased, 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
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
6,647 SF
Building Class
C
Year Built
1970
Price
$341,763 CAD
Price Per SF
$51.42 CAD
Cap Rate
10.40%
NOI
$35,543 CAD
Percent Leased
43%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,324 SF
Building FAR
0.44
Lot Size
0.35 AC
Zoning
B-1 - Neighborhood Business District
Parking
20 Spaces (3.01 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Storage Space
- Outdoor Seating
- Air Conditioning
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 48-12-07-303-206.000-003 | Total Assessment | $175,125 CAD |
| Land Assessment | $29,142 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $145,983 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
48-12-07-303-206.000-003
Land Assessment
$29,142 CAD
Improvements Assessment
$145,983 CAD
Total Assessment
$175,125 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Mr. Mariusz "Mario" Kurylo
Anderson Professional Building | 616-721 E 8th St
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