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500 Broadway

Anderson, IN 46012

ActiveListed Jul 9, 2026 · 106 days on market

Key facts

Living area
4,804 sqft
Lot
1.845 acres
Year built
1960
Type
Commercial Sale · Retail
MLS #
22113000
County
Madison
Total building area
4,804 sqft

About this home

The former Frisch's Big Boy building has been a North Anderson landmark for decades and is now for sale. The 4,804+- sf building is in good condition and was last renovated in 2012. The 1.845+- acre lot is on a prime signaled corner and features lots of parking. The B-2 zoning allows for a variety of business uses so it could potentially be repurposed for office, retail, medical, church or other use. All on site furniture, fixtures and equipment are included. Frisch's closed on August 15th, 2026 and, contrary to popular online rumors, there was NO damage from the August 2026 flood.

Description provided by the listing brokerage.

Exterior

Roof
Asphalt
Parking and garage
Detached

Systems

Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedSee Remarks

Lot and HOA

Zoning
B-2

Schools

Middle school
Highland Middle School
School district
Anderson Community School Corp

Taxes

Estimated annual tax
$37,976 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$5,591per month, estimated
Principal and interest $2,268Property tax $3,165Insurance $157
20% · $90,000
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$450,000
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