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Historic Train Depot Office Building
For Sale
$129,900

1002 S Washington St, Marion, IN 46952

Historic depot shell with updated electrical, new roof, and a basement plus paved parking lot with billboard income.

Property SizeContact for details
Days on Market120

Property Features for 1002 S Washington St

General Information

Standard status Active
Listing Agency: F.C. Tucker Realty Center
Listed By: Suzie Mack · License #RB14027845
Source: Exprealty
Added: May 9 Changed: Sep 2 Last Checked: Sep 4 at 8:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker Realty Center

Investment Insights

Based on property information with market context.

This historic train depot has been stripped and is currently offered as an open shell, providing a flexible layout for office buildout. Renovation has started back toward the original design, with original interior wall areas for the ticket office still in place. The building features a limestone foundation and glazed tan brick exterior with prominent Romanesque-style arches, along with a hipped roof with projecting cross gables. An updated electrical panel is in place, and lead-based paint was professionally removed on the interior. The roof was added approximately 10 years ago, and the property includes a basement and a paved parking lot.

The north end of the building includes a room suitable for office spaces. There is also income from a billboard on the lot.

As presented, the space is ready for a new owner to complete the conversion to offices, with core building systems and select renovations already underway.

Key Highlights

  • Historic train depot listed on the National Register of Historic Places
  • Romanesque Revival and Queen Anne Victorian architecture with limestone foundation walls and rounded Romanesque arches
  • Renovation in progress as an open shell; walls remain for the original ticket office

Property Analytics

Current Use

Former PRR Passenger ... Freight Service

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Building Supply Law Firm Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

171
Businesses Nearby

Demographics for 46952, IN

18,996
Population
8,832
Households
2.2
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
105.5 sq mi
ZIP Area
180
Density / Sq Mi
$53,481
Median Household Income
$39,246
Median Earnings
$785
Median Rent
$129,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Historic depot shell with updated electrical, new roof, and a basement plus paved parking lot with billboard income.
Where is this office units located?
The property is located at 1002 S Washington St Marion, IN.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Historic train depot listed on the National Register of Historic Places; Romanesque Revival and Queen Anne Victorian architecture with limestone foundation walls and rounded Romanesque arches; Renovation in progress as an open shell; walls remain for the original ticket office
More about this property
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