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Property profile & analytics
FOR SALE
Office buildings

114 W Church St Marion, OH 43302

0.25 ac lot Built 1998
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-5339412
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Construction BRICK
Lot 0.25 ac (10,912 SF)
APN 12-301000.1100
UPID US66-5339412
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Marion Biz Inv LLC · 1 yrs held
Marion Biz Inv LLC
since 2024
Last sale
$140,000
5 recorded transactions
2024
$140,000
2017
Price N/A
2005
Price N/A
2003
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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