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    Commercial Office Suite with Two Baths

    1331 W 35th Street Marion, IN 46953

    1331 W 35th Street, Marion, IN, 46953
    $244,900
    Pending
    For Sale
    Claim this Listing
    $244,900
    Pending

    SINGLE_FAMILY - Marion, IN

    Property Size2,250 SF
    Lot Size1.51 Acres
    AddedApr 1, 2024
    Days on Market835
    Last RefreshJul 14 at 11:06 pm

    Property Features for 1331 W 35th Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercial
    Standard status
    Pending
    APN
    270613400011002008
    Lot size
    1.51 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Pt Ne Se Sec 13 1.51 A Mp 0613-400-011.002

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Roof type
    Flat, Shingle

    Listing agent Dylan Fritch

    Listing office Carpenter, REALTORS(R) S Scatterfield Rd 241, Indianapolis, IN

    Listing date Apr 1, 2024

    MLS# 21971861

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This commercial office space is currently operating as a doctor’s office and includes multiple rooms that can support exam-room or office uses, along with two bathrooms. The property sits on 1.51 acres, providing room for possible expansion.

    Located at 1331 W 35th Street in Marion, Indiana (Grant County), the site is zoned commercial.

    With its existing layout and functional restroom count, the space offers a practical foundation for continued medical use or a general office conversion within the commercial zoning parameters.

    Key Highlights

    • 2250 sq ft commercial office space currently operating as a doctor’s office
    • Set on 1.5 acres with room for potential expansion
    • Features two bathrooms and multiple rooms that can be used as exam rooms or offices

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $38.3k $17.04
    − Vacancy −$3.3k −$1.45
    EGI $35.1k $15.59
    − OpEx −$14.0k −$6.24
    NOI $21.0k $9.35
    2,250 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $300.7K
    $263.1K – $350.8K (±1% cap)
    NOI $21,049 @ 7.0% cap · market cap 8.59%
    Second Best
    Office B
    $292.2K
    $255.7K – $340.9K (±1% cap)
    NOI $20,454 @ 7.0% cap · market cap 8.35%
    Theoretical Best
    Specialty Retail
    $437.0K
    $382.3K – $509.8K (±1% cap)
    NOI $30,587 @ 7.0% cap · market cap 12.49%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Arnold Chiropractic Physician

    Suggested Use

    Law Firm Big Box & Wholesale Store Storage Facility Auto Parts Store Electrical Service Building Supply Skin Care Clinic Grocery & Convenience Store HVAC Service Kitchen & Bath Showroom

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

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    FAQs

    What type of property is this?
    Medical Office Space - Commercial office space currently operating as a doctor’s office, featuring multiple rooms and two bathrooms.
    Where is this medical office space located?
    The property is located at 1331 W 35th Street Marion, IN.
    What is the asking price?
    The asking price for this property is $244,900.
    What are key features of this property?
    This property features: 2250 sq ft commercial office space currently operating as a doctor’s office; Set on 1.5 acres with room for potential expansion; Features two bathrooms and multiple rooms that can be used as exam rooms or offices
    Contact an agent
    (800) 630-1727
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    Dylan Fritch
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