Property profile

1605 Kem Rd Marion, IN 46952

OFF-MARKET
Office Spaces
Property ID
US31-1345257
1,868 SF 0.46 ac lot Built 1950
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 1,868 square foot office building situated on a 20,978 square foot lot in Marion, Indiana. Built in 1950, this single-story Class C building features two units currently at 67% occupancy, offering a stabilized investment with a modified lease type. The property boasts ten parking spaces and is zoned GB, providing flexibility for various uses. The building's prime location within a thriving business district offers convenient access to major roadways, ensuring ease of access for tenants and clients. Nearby attractions enhance the area's appeal, making it attractive to both employees and clients. The asking price is $150,000. The net rentable area is 1,868 square feet. This presents a compelling opportunity for investors seeking a well-positioned property in a dynamic and convenient location. The property's current tenant is Edward Jones. The address is 1605 W Kem Rd, Marion, IN 46952.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1950
Construction WOOD
Total area 1,868 SF
Lot 0.46 ac (20,038 SF)
APN 27-03-36-402-005.000-023
UPID US31-1345257

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
  • Physician
  • Financial Advisor

Location

1605 Kem Rd Marion, IN 46952-1735
Marion metro Census 600 MARION, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2025
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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