Map of Property

Shadeland School Apartments

For Sale

1525 W. 14th Street, Anderson, IN 46016

This Anderson property for sale is located at 1525 W. 14th Street. The current listed sale price for Shadeland School Apartments is $500,000. Shadeland School Apartments is situated on a lot that is 1.7 acre in size.

Contacts

broker

Michael B. Drew, CCIM

Bradley Company

(317) 255-3900

Property Details

  • Property Type Multi-Family
  • Property Size 37,000 SF
  • Units 18
  • Lot Size 1.7 Acre
  • Year Built 1923
  • Date Updated Mar 20, 2024
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.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.

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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.
  • 360 Degree Property Tour: https://kuula.co/share/collection/7YgkP?fs=1&vr=1&autorotate=-0.01&thumbs=3&info=0&logo=1&logosize=68

Attachments

Getting around

  • 42/100

    Walk Score ®

  • 35/100

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Location

  • City Anderson, IN
  • Neighborhood Brentwood
  • Zip Code 46016
  • Market Indianapolis

Points of Interest

  • Marathon

    2.38 miles

  • Speedway

    2.47 miles

  • GetGo

    2.48 miles

  • Speedway

    2.80 miles

  • Speedway

    2.97 miles

  • GetGo

    3.06 miles

  • Speedway

    3.64 miles

  • Speedway

    3.67 miles

  • Speedway

    4.40 miles

  • Mcclure Oil

    6.53 miles

  • Days Inn by Wyndham Anderson IN

    3.93 miles

  • Baymont by Wyndham Anderson

    4.16 miles

  • Hampton Inn Anderson

    4.28 miles

  • Fairfield Inn & Suites by Marriott Anderson

    4.33 miles

  • Western Hotel

    5.40 miles

  • Sunflower Hotel

    5.43 miles

  • Harvest

    2.50 miles

  • ALDI

    3.33 miles

  • Big Lots

    3.37 miles

  • Walmart Supercenter

    3.65 miles

  • Gordon Food Service

    3.70 miles

  • Meijer

    4.49 miles

  • Needlers

    7.21 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Michael B. Drew, CCIM

Bradley Company

(317) 255-3900