Financial
Distress signals
Property profile

2509 2nd St Marion, IN 46952

OFF-MARKET
Office Spaces
Property ID
US31-1947470
11,400 SF 1.9 ac lot Built 1993
Last sale Dec 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$22k
Tax billed · 2023
Assessed value$737k
Assessed land$82k
Assessed improvement$655k
Effective rate3.00%

Value estimate

· Sep 2026
$395k
$356k – $435k
Submarket $/SF estimate$951k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRANT

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand index
Dental Office12.6
Restaurant10.8
Hair Salon10.8

Location

2509 2nd St Marion, IN 46952-3241
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1797 Kem, Marion, IN 46952-1733 $2,208,000 Mar 2021 9,412 SF
319 2nd, Marion, IN 46952-3871 $375,000 Feb 2021 15,120 SF
200 Washington, Marion, IN 46952-3804 $100,000 Sep 2020 17,424 SF
511 3rd, Marion, IN 46952-3748 $50,000 May 2020 1,200 SF
1123 Western, Marion, IN 46952-2501 $530,000 May 2020 3,696 SF
211 D, Marion, IN 46952-3732 $55,000 Oct 2019 2,226 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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