Property profile

1006 3rd St Marion, IN 46952

OFF-MARKET
Theaters & concert halls
Property ID
US31-1442868
12,444 SF 0.4 ac lot Built 1940
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.49-acre property at 1006 W 3RD Street, Marion, IN, presents a unique investment opportunity. The building, a beautifully maintained church, boasts a stunning sanctuary featuring hand-carved oak woodwork and exquisite stained-glass windows. With a seating capacity of 300, the sanctuary offers ample space for large gatherings. Adjacent to the sanctuary are a library, prayer room, nursery, and several classrooms, providing versatile space for various uses. The property includes convenient handicap access throughout. A fully finished lower level adds significant value, featuring an oversized banquet hall and a well-equipped kitchen. The kitchen is complete with two electric ranges, two refrigerators, a microwave, all necessary utensils, and a large stainless steel island. The sale includes all existing furnishings and equipment, such as pews, a baptism pool, desks, pianos, an organ, office equipment, draperies, furniture, nursery toys, books, a safe, window air conditioners, sound equipment, tables, and chairs. Two paved parking lots on either side of the building provide ample parking for attendees or clients. This magnificent structure in the heart of Marion offers immense potential for a variety of commercial uses, making it an attractive investment for discerning buyers. The asking price is $265,000.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1940
Construction WOOD
Total area 12,444 SF
Lot 0.4 ac (17,392 SF)
APN 27-07-06-302-049.000-002
UPID US31-1442868

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

1006 3rd St Marion, IN 46952-3669
Marion metro Census 100 MARION, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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