114 W Church St Marion, OH 43302
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.