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    502 Christy St Marion, IN 46952

    For Sale
    Contact for pricing

    Former Church, 0.3 Acres, $18,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 0.3-acre commercial lot, located at 502 E Christy Street in Marion, Indiana, presents a unique redevelopment opportunity. Previously utilized as a church, the property has been vacant for an extended period, offering a blank canvas for a variety of commercial ventures. The building's existing structure, while requiring significant attention and renovation, could potentially be repurposed or demolished to accommodate new construction. Given its size and location within Marion, this property holds significant potential for investors seeking a project with substantial upside. The asking price of $18,000 reflects the property's current condition and the need for substantial improvements. Buyers are strongly advised to conduct a thorough due diligence investigation, including a comprehensive property inspection, to assess the full scope of necessary repairs and renovations. All interested parties should be aware of the property's history as a vacant church and proceed with caution, acknowledging the potential risks associated with such a project. The property's location offers convenient access to local amenities and transportation routes, making it an attractive proposition for businesses seeking a prominent presence in Marion. Serious inquiries only. The sale is as-is.

    Property Features for 502 Christy St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1925
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.65388
    Latitude
    40.57801

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    FAQs

    What type of property is this?
    Commercial real estate - Former Church, 0.3 Acres, $18,000
    Where is this commercial real estate located?
    The property is located at 502 Christy St Marion, IN.
    What is the asking price?
    The asking price for this property is $18,000.
    (765) 662-6099
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    502 Christy St Marion, IN 46952
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    Marion, IN 46952
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 Christy St Marion, IN 46952
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