1525 14Th St, Anderson, IN 46016
25 Unit Apartment Building | $500,000 ($20,000/Unit) | Anderson, IN 46016
For Sale
Active
Asking Price $500,000
- Property Type
-
Multifamily
- Square Feet
- 37,000 SF
Listing Contacts
Michael Drew
Wes Short
Property Overview
Shadeland School is a 2-story, brick and limestone exterior building with attached gymnasium located near downtown at 1525 W. 14th Street, Anderson, IN 46016. This property is currently zoned R3 which will allow up to 25 apartment units. The property currently includes 18 classrooms and a full-size gymnasium. It has ample parking and is a short drive or long walk to everything in downtown Anderson – Shopping, Restaurants, Office, etc. There are several employers in the area including Community Hospital Anderson, St. Vincent Health, Nestle USA, Borg Warner Indiana Technical Center and Harrah’s Hoosier Park Racing. The building was built in 1923. This would be ideal for Workforce Housing, Apartment Homes, or Senior Housing. Other uses such as Self Storage, Warehousing, or a School would require a change in zoning.
The property is located at 1525 W. 14th Street, Anderson, IN. It is 1.5 miles to downtown Anderson. Shadeland School is close to The Anderson Museum of Art, Paramount Theatre, and beautiful parks for leisure activities. Anderson University is a short 2.4 mile, seven minute drive away.
The property is located at 1525 W. 14th Street, Anderson, IN. It is 1.5 miles to downtown Anderson. Shadeland School is close to The Anderson Museum of Art, Paramount Theatre, and beautiful parks for leisure activities. Anderson University is a short 2.4 mile, seven minute drive away.
Property Details
- Class
- C
- Year Built/Renovated
- 1923/2020
- Stories
- 2
- Lot Size (sq. ft)
- 86,249 SF
- Units
- 25
Highlights
- Ample parking.
- Short drive or long walk to everything in downtown Anderson – shopping, restaurants, office, etc.
- Located in TWO district government incentivized zones – New Market Tax Credit and Qualified Opportunity Zone.
- R3 zoning will allow up to 25 units on this property. We believe the best use is to convert the property into Apartment Homes or Senior Housing.
- Other uses such as Self Storage, Warehousing, or a School would require a change in zoning.
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