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    114 Church St Marion, OH 43302

    Sponsored
    For Sale
    $349,900

    Prime location, high-traffic area, 1666 sq ft.

    Property size:
    1,666 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional special-purpose property, located at 114 W Church Street in the heart of Downtown Marion, Ohio, presents a unique investment opportunity. Boasting 1,666 square feet on a 10,890 square foot lot, this building is ideally situated at the corner of Main and Church Streets, benefiting from its prime position within the "Main Street Reimagined" project. The property is surrounded by thriving businesses, both established and new, and enjoys proximity to Busby Park and the upcoming Lydia project. Its central location offers unparalleled walkability to restaurants, shops, banks, and entertainment venues, including easy access to the popular "Third Thursday" downtown events. Addressing parking concerns, a substantial 7,900 square foot parking lot, currently leased for events like the Popcorn Festival, offers additional revenue potential. The property features a newly installed gas furnace (2022) and air conditioning system (2021), ensuring efficient and comfortable operation. With a total net rentable area of 9,566 square feet, this property is priced at $349,900, or $36.58 per square foot. Built in 1998, this property offers significant potential for a variety of commercial uses. Don't miss this chance to own a piece of Marion's revitalized downtown.

    Property Features for 114 Church St

    General Information

    Property type
    Specialty properties
    Square Feet
    1,666 SF

    Building Details

    Year Built
    1998
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Marion
    State
    Ohio
    Longitude
    -83.1289836
    Latitude
    40.5874366

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    FAQs

    What type of property is this?
    Specialty property - Prime location, high-traffic area, 1666 sq ft.
    Where is this specialty property located?
    The property is located at 114 Church St Marion, OH.
    What is the asking price?
    The asking price for this property is $349,900.
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    114 Church St Marion, OH 43302
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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
    114 Church St Marion, OH 43302
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