Downtown Marion Mixed-Use
For Sale
$439,900
102 4th Street, Marion, IN 46952
High-traffic commercial building in Marion's historical district.
Property Size6,000 SF
Price / SF$73.32
Days on Market608
Property Features for 102 4th Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$3,684
Amenities
Central Air
3
22x132
Building Details
Year Built
1920
Listing Agency:
Caleb Oliver -
(765) 661-3321
Listed By:
Caleb Oliver
(765) 667-5362
Source:
Xome
Added: Dec 22, 2024
Changed: Aug 12
Last Checked: Aug 21 at 4:48AM
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 Caleb Oliver -
Investment Insights
Based on property information with market context.
Located on the downtown Marion square in the historical district, this commercial building offers versatility and income potential. The property features five units totaling over 6,000 sq. ft. Unit 1 (401) is approximately 1,700 sq. ft. with a basement and bathroom, currently used for professional services and well-maintained. Unit 2 (102) is on the second floor, providing approximately 2,600 sq. ft. of space currently used for musical and photography services, featuring multiple office suites and a bathroom; it previously had two bathrooms, but one was converted to a storage closet. Unit 3 (405) is approximately 800 sq. ft. with a basement, bathroom, and a lower-level vault room with an original vault from when the unit was a jewelry store; it is currently used as a professional office. Unit 4 (407) has approximately 650 sq. ft., a half bath, and a basement; it was remodeled a couple of years ago and is currently used as a nutrition bar. Unit 5 (409) is on the second floor and is approximately 600 sq. ft.; previously used for beauty services, it is currently rented and will be used as a tattoo shop. All units are separately metered and have their own gas furnace and central A/C. The units maintain the building's character and charm.
Key Highlights
- Prime downtown location in a historical district with high traffic and income potential.
- Five separate units totaling over 6,000 sq. ft., all separately metered with individual gas furnaces and central A/C.
- Versatile building suitable for various commercial uses.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-traffic commercial building in Marion's historical district.
Where is this mixed-use property located?
The property is located at 102 4th Street Marion, IN.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Prime downtown location in a historical district with high traffic and income potential.; Five separate units totaling over 6,000 sq. ft., all separately metered with individual gas furnaces and central A/C.; Versatile building suitable for various commercial uses.
