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    102 4Th St Marion, IN 46952

    For Sale
    $450,000

    Five-unit building, high traffic location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, situated in the heart of downtown Marion's square, presents a lucrative investment opportunity. The building boasts five distinct units totaling over 6,000 square feet, each offering unique potential. Unit 1 (401), a spacious 1,700 square foot unit with a basement and bathroom, is currently leased for $800 per month and used for professional services. Unit 2 (102), a substantial 2,600 square foot space on the second floor, is currently rented for $650 per month and utilized for musical and photography services. Note that this unit previously had two bathrooms, one of which has been converted to storage. Unit 3 (405), an 800 square foot unit with a basement and bathroom, commands $800 in monthly rent and serves as a professional office. Unit 4 (407), a 650 square foot space with a half bath and basement, is currently leased for $700 per month as a nutrition bar. Finally, Unit 5 (409), a 600 square foot second-floor unit, previously a beauty salon, offers versatile possibilities for conversion, such as a loft apartment. All units are individually metered and equipped with their own gas furnace and central air conditioning. This meticulously maintained building, rich in history, offers a remarkable chance to capitalize on a prime downtown location and diverse rental income streams. The 0.07-acre lot provides ample space for the building and its tenants. This is a truly unique opportunity for a savvy investor.

    Property Features for 102 4Th St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyles In Harmony Health ... Health Consultant Uplyft U Boutique Boutique

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -85.65962
    Latitude
    40.55761

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    FAQs

    What type of property is this?
    Commercial real estate - Five-unit building, high traffic location
    Where is this commercial real estate located?
    The property is located at 102 4Th St Marion, IN.
    What is the asking price?
    The asking price for this property is $450,000.
    (765) 661-3321
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    102 4Th 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
    102 4Th St Marion, IN 46952
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