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    321 2Nd St Marion, IN 46952

    Sponsored
    For Lease
    $10 SF/Yr ($12,600 /Mo)

    Historic Downtown Marion Office Suite Available

    Lot size:
    15,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This two-story, 15,120 square foot, multi-tenant office building, constructed in 1970, is situated on 1.03 acres in Marion, Indiana's vibrant Riverwalk District at 321 E 2nd St, 46952. The building features one suite totaling 2,196 square feet currently available for lease. This ground-level space offers a convenient kitchenette, two private restrooms, and multiple private offices, ideal for a growing business. The building is zoned CB - Central Business and boasts an elevator for easy access to both floors. The property's location within the highly visible Waterfront Office Park provides excellent exposure. The building's APN is 27-07-06-104-077.000-002, and it's located in Grant County. This presents a unique opportunity to establish a presence in Marion's historic downtown area. The maximum contiguous space available is 2,196 square feet. The building consists of one building with a total of 15,120 square feet. The vacant space is 2,196 square feet.

    Property Features for 321 2Nd St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,120 SF
    Total Rate
    12600

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 325
    Size
    2,196 SF
    Rate per SF
    $10

    HighLights

    • Ground floor office suite, 2,196 square feet available.
    • Waterfront Office Park location, one block from SR 18.
    • Suite features kitchenette, two restrooms, and multiple private offices.
    • Convenient walk to downtown restaurants.
    • On‑site front door parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    ICAP (formerly Action) ... Government Economic Program

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.65657580962
    Latitude
    40.559764757482

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Downtown Marion Office Suite Available
    Where is this office property / space located?
    The property is located at 321 2Nd St Marion, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Ground floor office suite, 2,196 square feet available.; Waterfront Office Park location, one block from SR 18.; Suite features kitchenette, two restrooms, and multiple private offices.
    Request Owner's contact information
    321 2Nd 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
    321 2Nd St Marion, IN 46952
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