Property summary
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
VerifiedCap rate & NOI
Current use
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Physician
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Financial Advisor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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