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    131 N Washington St Marion, IN 46952

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    For Sale
    $325,000

    33,315 SF office building in Marion's central business district.

    Property size:
    33,315 SF
    Lot size:
    3.34 Acres

    Property Features for 131 N Washington St

    General Information

    Size
    33,315 SF
    Lot size
    3.34 Acres

    Source: Colliers Agent Aaron Snoddy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Marion Office Building

    This commercial property features a 33,315-square-foot building situated on approximately 3.22 acres. Located in downtown Marion, within the central business district, the property benefits from a prime location on a well-trafficked corridor. The site offers excellent visibility and accessibility, and is near various amenities and public transportation options. Its location provides convenient access to Interstate 69, approximately 15 minutes away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Davis Clinic Historical Landmark

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.660516
    Latitude
    40.562463

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    FAQs

    What type of property is this?
    Office building - 33,315 SF office building in Marion's central business district.
    Where is this office building located?
    The property is located at 131 N Washington St Marion, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Prime downtown Marion location in the central business district; - Boasts ± 33,315 SF situated on ± 3.22 acres; - Excellent visibility & accessibility
    (317) 410-5962
    Request Owner's contact information
    131 N Washington 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
    131 N Washington St Marion, IN 46952
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