102 4Th St Marion, IN 46952

Property Details for 102 4Th St

Year built

1920

Construction

WOOD

Lot size

0.07 lot acres

Property size

6,321 SF

Property type

Office Properties & Spaces

APN

27-07-06-402-091.000-002

APU

270706402091000002

Description

This exceptional commercial property, situated in the heart of downtown Marion's square, presents a lucrative investment opportunity. The building boasts five distinct units totaling over 6,000 square feet, each offering unique potential. Unit 1 (401), a spacious 1,700 square foot unit with a basement and bathroom, is currently leased for $800 per month and used for professional services. Unit 2 (102), a substantial 2,600 square foot space on the second floor, is currently rented for $650 per month and utilized for musical and photography services. Note that this unit previously had two bathrooms, one of which has been converted to storage. Unit 3 (405), an 800 square foot unit with a basement and bathroom, commands $800 in monthly rent and serves as a professional office. Unit 4 (407), a 650 square foot space with a half bath and basement, is currently leased for $700 per month as a nutrition bar. Finally, Unit 5 (409), a 600 square foot second-floor unit, previously a beauty salon, offers versatile possibilities for conversion, such as a loft apartment. All units are individually metered and equipped with their own gas furnace and central air conditioning. This meticulously maintained building, rich in history, offers a remarkable chance to capitalize on a prime downtown location and diverse rental income streams. The 0.07-acre lot provides ample space for the building and its tenants. This is a truly unique opportunity for a savvy investor.

Location Insight

City

Marion

County

Grant

State

Indiana

Longitude

-85.6596

Latitude

40.5576

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments