Property profile

1804 2nd St Marion, IN 46952

OFF-MARKET
Manufacturing properties
Property ID
US31-1517508
27,824 SF 2.18 ac lot Built 1971
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is an industrial flex facility totaling 15,660 square feet, comprised of a 12,963-square-foot warehouse area and 2,697 square feet of office space. The office area is configurable and can be converted to additional warehouse space or excluded from the overall space plan. It is located in an established industrial area with convenient access to the interstate, and it is designed for industrial flex use.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1971
Construction WOOD
Total area 27,824 SF
Lot 2.18 ac (94,961 SF)
APN 27-06-01-204-128.000-008
UPID US31-1517508

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
  • Industrial Manufacturer

Location

1804 2nd St Marion, IN 46952-3362
Marion metro Census 600 MARION, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.67M
Blend (final) Blend
$570k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2024
Price N/A
2024
Price N/A
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.6M +154.6%
Apartment house (5+ units) $2.6M +154.2%
Auto repair, garage $2.1M +105.8%

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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