2509 2Nd StMarion, IN 46952

Property Details for 2509 2Nd St

Year built

1993

Construction

WOOD

Lot size

1.90 AC

Property size (Sq ft)

11,400 SF

Property type

Office properties

Property subtype

Other office properties

APN

27-06-02-400-016.000-008

APU

270602400016000008

Description

This exceptional 7,500-square-foot single-tenant office/retail building presents a unique investment opportunity in Marion, Indiana. Located at 2509 W 2nd St, this Class B property sits on a spacious 1.9-acre lot and boasts over 175 feet of frontage on IN-18, offering significant visibility and accessibility. Built in 1993, the single-story structure is currently entirely vacant, providing flexibility for a variety of uses. The adaptable floor plan allows for easy modification to suit diverse business needs, with the potential to be subdivided into two or three smaller units. The zoning designation is 12, General Industry, offering versatility for various commercial enterprises. The property's location in Grant County, Indiana, with a zip code of 46952, provides access to a thriving local market. The ample square footage and prominent location make this property ideal for a single large tenant or multiple smaller businesses. The property's APN is 27-06-02-400-026-000-008. This is a rare chance to acquire a substantial commercial property with high potential for return on investment. The building's current vacancy presents a blank canvas for a prospective buyer to customize the space to their exact specifications. Don't miss this opportunity to secure a prime commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,047,483

  6.5%

  $1,889,984

  7%

  $1,754,985

• Comparable approach

  Method

  Valuation

  Relative Method

  $994,093

  Geo Method

  $1,415,766

• Alternative Use

  Use

  Valuation

  Residential

  $2,343,580

  Hospitality

  $2,146,707

  Educational

  $1,786,035

  Medical

  $1,847,460

  Retail

  $2,778,277

Location Insight

City

Marion

County

Grant

State

Indiana

Latitude

40.5594

Longitude

-85.7019

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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