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417 W 38th Street

Anderson, IN 46013

PendingListed Apr 30, 2026 · 164 days on market

Key facts

Living area
1,584 sqft
Lot
0.3 acres
Year built
1925
Type
Commercial Sale · Office
MLS #
22099122
County
Madison
Total building area
1,584 sqft

About this home

Turnkey commercial opportunity in South Anderson's established 38th Street Professional Park. This freestanding 1,584 SF building is well suited for medical, spa, wellness, professional office, or other service-based use. The layout includes 5 exam/treatment rooms, including 3 with sinks, a private office, 2 handicap-accessible restrooms, a break room, and a spacious basement for additional storage. Recent updates include fresh paint, new flooring, updated doors, and a newer A/C system. Additional features include security cameras, handicap ramp access, and on-site parking for approximately 12-13 vehicles. Conveniently located near 38th Street and Fairview Street with strong visibility and easy access, and surrounded by established neighborhoods, schools, and local amenities. A versatile property ready for owner-users, investors, or tenants.

Description provided by the listing brokerage.

Exterior

Roof
Shingle
Parking and garage
Assigned

Systems

Utilities
Cable ConnectedElectricity ConnectedNatural Gas ConnectedSeptic SystemSewer ConnectedWater Connected

Lot and HOA

Zoning
Commercial

Schools

Middle school
Highland Middle School
School district
Anderson Community School Corp

Taxes

Estimated annual tax
$3,168 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,450per month, estimated
Principal and interest $1,109Property tax $264Insurance $77
20% · $44,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$220,000
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