Historic Building with Commercial
For Sale
$8,000,000
402 S Washington Street, Marion, IN 46953
Renovated historic building featuring commercial space and market-rate apartments.
Property Size75,000 SF
Price / SF$533.33
Days on Market98
Property Features for 402 S Washington Street
General Information
Standard status
Active
Size
75,000 SF
Zoning
Central Core
Taxes and HOA fees
Annual Taxes
$3,324
Building Details
Building Size
75,000 SF
Year Built
1917
Year Renovated
2021
Stories
7
Listing Agency:
F.C. Tucker Realty Center
(765) 490-0199
Listed By:
Valerie Fields
(765) 490-0199
Source:
Homes-forsale.idxbroker
Added: May 19
Changed: Aug 23
Last Checked: Aug 24 at 3:09AM
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 F.C. Tucker Realty Center
Investment Insights
Based on property information with market context.
This renovated historic building features 15,000 square feet of fully leased commercial space and 30 market-rate apartments completed in 2021, which are typically fully leased or occupied. Commercial tenants include Yolanda's Soul Food Restaurant located in the Grand Lobby, F C Tucker Realty Center, Obi's BBQ, Halstead Architects, and All State Insurance. The apartments are modern and sleek, offering city views. Each apartment is equipped with a refrigerator, range, microwave, dishwasher, washer, and dryer, and includes a designated parking spot. A newly paved parking lot features a solar canopy powering the building. This Neoclassic Revival building has been overhauled by an architect team and is suitable for addition to a REIT or real estate investment portfolio.
Key Highlights
- Fully leased commercial space (15000 sq ft) and 30 market‑rate apartments.
- Modern apartments with city views and in‑unit washer/dryer.
- Newly paved parking lot with solar canopy powering the building.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
Explore this area
Business Placement
Demographics for 46953, IN
22,781
Population
10,095
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
84%
High-School Grad
85.6 sq mi
ZIP Area
266
Density / Sq Mi
$46,224
Median Household Income
$25,969
Median Earnings
$800
Median Rent
$88,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated historic building featuring commercial space and market-rate apartments.
Where is this mixed-use property located?
The property is located at 402 S Washington Street Marion, IN.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Fully leased commercial space (15000 sq ft) and 30 market‑rate apartments.; Modern apartments with city views and in‑unit washer/dryer.; Newly paved parking lot with solar canopy powering the building.
