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Property profile & analytics

114 Church St Marion, OH 43302

  • Office buildings
  • 0.25 lot acres
Value Estimation
Last Sale
Aug 26, 2024
$140,000
Location Intelligence
Property ID
US66-5339412
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office buildings

Property Details for 114 Church St

Year built
1998
Construction
BRICK
Lot size
0.25 lot acres
Property type
Office buildings
APN
12-301000.1100
APU
123010001100

Description

This exceptional mixed-use property at 114 W Church Street, situated in the heart of Marion, Ohio's revitalized downtown, presents a unique investment opportunity. Boasting 1,666 square feet on a 0.25-acre lot, this building benefits from its highly visible corner location at Main Street and Church Street, placing it directly within the "Main Street Reimagined" project. The property is surrounded by a thriving mix of established and new businesses, enjoying proximity to Busby Park and the upcoming Lydia project. Its central location offers unparalleled access to downtown amenities, including restaurants, shops, banks, and entertainment venues. The convenience extends to the popular "Third Thursday" downtown events, happening right outside the building's doorstep. Addressing potential parking concerns, a substantial 7,900 square foot parking lot, currently leased for events such as the Popcorn Festival, provides additional income potential. Recent upgrades include a new gas furnace (2022) and new air conditioning (2021), ensuring efficient and comfortable operation. This property's prime location, coupled with its income-generating potential and recent improvements, makes it an ideal investment for a discerning buyer seeking a thriving downtown presence. The numerous possibilities for this versatile space make it a truly exceptional opportunity. The asking price is $349,900.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $140,000
  • CAP approach

    CAP return
    Estimation
    6%
    $130,000
    6.5%
    $130,000
    7%
    $120,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $120,000
    Geo Method
    $110,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $155,000
    Retail
    $120,000
    Mixed-Use
    $130,000
    Hospitality
    $140,000
    Educational
    $150,000
    Residential Income
    $130,000
    Energy
    $125,000
    Income-Based Land
    $140,000
    Food Service
    $125,000

Location Insight

  • Map
  • Local Demand
City
Marion
County
Marion
State
Ohio
Longitude
-83.1292
Latitude
40.5874
CBSA code
32020
CBSA name
MARION, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,848
$11,180
$28,690
$39,870
-
$31,940
$81,970
$113,910
More about this property
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