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Investment Properties for Sale within 50 kilometers of Muncie, IN, USA

More details for 1900 S Anderson St, Elwood, IN - Retail for Sale

Elwood Plaza - 1900 S Anderson St

Elwood, IN 46036

  • Investment Property
  • Retail for Sale
  • $5,195,798 CAD
  • 27,700 SF

Elwood Retail for Sale - Anderson/Madison Cnty

Dollar General Market is a supermarket prototype that is double the size of a typical DG Market, serving regional hub communities as a traditional full-service grocery store and Dollar General store. Subject Dollar General Market is a build-to-suit for DG constructed in 2005. There are only three other supermarket prototype Dollar General Market stores located in Indiana, and the Elwood store ranks as the #1 performing store in the state and top 90% in the country according to Placer.ai. Prior to the commencement of Dollar General’s second renewal option period, DG proposed a 10-year renewal. In addition, DG also installed a brand new HVAC system at its own expense in 2026. These are clear signals that subject store is a high-performing asset to DG and its long-term commitment to this site. Elwood sits in the heart of Madison County, which is part of the Indy-Carmel-Anderson MSA, 20-30 miles northeast of Noblesville and Indy, a major growth engine in tech and logistics sectors. This positioning gives the city exceptional access to major metropolitan markets while maintaining the advantages of a smaller community. Elwood’s greatest asset is its strategic position within Indiana’s industrial corridor, and the city’s major employers are over 84-year-old manufacturers whose products and operations align closely with the region's well-established logistics industry. Investment highlights - 10 Year NN commenced February 1, 2026 | 4, 5-Year Option Periods - Dollar General initiated negotiations to extend its 2nd renewal option to 10 years and installed a new HVAC system in 2026 at its own expense, clearly signalling that subject store is a high-performing asset and supporting DG’s long-term commitment to this site. - No. 1-ranked Dollar General store in the state of Indiana and top 90% in the country according to Placer.ai. - Strip Center adjacent to DG Supermarket is 100% occupied and owned by a local resident. It was gut-renovated into a brand new gym, Power Barn - House of Payne, opened in 2019 and popular with locals. - A $25M development housing project at the golf course, less than one mile South from subject property (three-minute drive), will bring a mix of multi-family, single-family homes, owner-occupied units, and senior living to Elwood and even higher foot traffic to the Dollar General Market. Phase I was so successful that Phase II is already being discussed. - Elwood, Indiana is located in Madison County, which is part of the fastest-growing Indy-Carmel-Anderson MSA. 12 miles north of Noblesville and Indy, a major growth engine in tech and logistics sectors. Elwood's workforce is anchored by 80+ year old legacy manufacturers whose products and operations align closely with the region's well-established logistics industry. Investment Grade Dollar General Corporate Guarantee NYSE: DG; S&P rating ‘BBB’

Contact:

Kelco Investments

Property Subtype:

Drug Store

Date on Market:

2026-07-21
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More details for Age-Restricted Multifamily Communities – Multifamily for Sale

Age-Restricted Multifamily Communities

  • Investment Property
  • Multifamily for Sale
  • $23,631,036 CAD
  • 168,900 SF
  • 3 Multifamily Properties

Portfolio of properties for Sale

Opportunity to acquire 3 separate age-restricted (55+) apartment communities in Northeast Indiana—46, 14, and 74 units—totaling 134 units being sold as a portfolio or individually. They are being offered fully leased, with opportunity for the Buyer to add value by increasing rental rates. Offered at a 6.45% cap rate based on current operations. All of the properties were developed by the Seller in the mid-1990s to the early 2000s and have been meticulously maintained since. Each community boasts a strong rental history, with waitlists, low to no maintenance needs, and offers investors the chance to acquire a stabilized asset in prime rental markets. These three garden-style communities are located in Marion, Ossian, and Kendallville, Indiana, and consist of one-bedroom (±700 SF) and two-bedroom (±800-900 SF) units. Each location is close to major traffic thoroughfares with a direct connection to Fort Wayne, the region’s economic hub. The Marion apartment community consists of 14 units distributed over 12,300 square feet and two buildings. It is located at 1511 W 31st St, Marion, IN 46953. The Ossian apartment community consists of 46 units distributed over 40,200 square feet and four buildings. It is located at 301 Parent Dr, Ossian, IN 46777. The Kendallville apartment community consists of 55 twobedroom/ one-bathroom units with front facing garages, 11 two-bedroom/one-bathroom units without garages, and eight one-bedroom/one bathroom units without garages. It is located at 1320 Knoll Crest Drive, Kendallville, IN 46755. Please inquire with broker for 2023-2025 financials and current rent roll. BROKER’S NOTE: PLEASE DO NOT VISIT THE PROPERTY OR DISTURB TENANTS.

Contact:

Sturges Property Group

Property Subtype:

Multi Family

Date on Market:

2026-03-03
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More details for Anderson 46016 5 Pack: 4 SFR & Triplex – Specialty for Sale, Anderson, IN

Anderson 46016 5 Pack: 4 SFR & Triplex

  • Investment Property
  • Specialty for Sale
  • $499,887 CAD
  • 1,758 SF
  • 5 Specialty Properties

Anderson Portfolio of properties for Sale

Five properties: 4 SFR & Triplex Increase NOI & CAP RATE TO: $60,900/year (market rents NOI w/30% expense) ----- 16.77% CAP RATE W 4th St, Anderson, IN SFR | 3 Bed / 1 Bath | Value-Add Rental Light-to-moderate value-add opportunity with immediate upside through cosmetic renovations and pest remediation. Current rent below market with strong potential for forced appreciation and increased cash flow. Excellent BRRRR, long-term rental, or workforce housing investment. Investment Strategy Value-Add Rental BRRRR Long-Term Hold Workforce Housing Forced Appreciation Halford St, Anderson, IN SFR | Approximately 2 Bed | Stabilized Income Income-producing rental with lease in place through approximately March 2027, providing immediate cash flow while allowing future upside through interior modernization and exterior improvements. Ideal for investors seeking stabilized income with value-add potential. Investment Strategy Stabilized Rental BRRRR Cash Flow Long-Term Hold Forced Appreciation Halford St, Anderson, IN SFR | 2 Bed | Cash Flow Opportunity Tenant occupied with month-to-month flexibility, allowing investors to increase value through cosmetic renovations and exterior improvements. Strong opportunity for rental repositioning and equity growth. Investment Strategy Value-Add Rental BRRRR Cash Flow Workforce Housing Long-Term Hold Pearl St, Anderson, IN SFR | 3 Bed / 1.5 Bath | Stabilized Cash Flow Well-sized rental with lease in place through approximately March 2027. Primarily cosmetic improvements provide an opportunity to increase value while maintaining strong rental demand in a stable workforce housing market. Investment Strategy Stabilized Rental BRRRR Long-Term Hold Workforce Housing Forced Appreciation Fletcher St, Anderson, IN SFR | 4 Bed / 3 Bath | High Cash Flow Opportunity Large single-family home offering exceptional rental income potential with an estimated market rent of approximately $3,000/month. Strong candidate for executive rental, large family rental, furnished rental, or rent-by-room strategy with significant equity upside after renovation. Investment Strategy High Cash Flow Rental BRRRR Executive Rental Rent-by-Room Long-Term Hold Strong Equity Play Portfolio Overview (LoopNet Description) Anderson 5-Property Value-Add Rental Portfolio Five scattered-site single-family rentals located throughout Anderson, Indiana, offering a blend of stabilized cash flow and significant value-add opportunities. The portfolio features below-market rents, cosmetic renovation upside, and strong forced appreciation potential across multiple assets. Well-suited for private equity firms, family offices, 1031 exchange buyers, syndicators, and investors seeking scalable workforce housing with multiple exit strategies including BRRRR, long-term hold, rental repositioning, and portfolio expansion. Several properties already generate income while providing additional upside through renovations and rent optimization.

Contact:

Acquire JDF

Date on Market:

2026-08-10
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