224 Prospect St Marion, OH 43302-3040
This exceptional mixed-use property, located at 224 N Prospect Street in Marion, Ohio, presents a unique investment opportunity. Spanning 0.56 acres, the combined buildings at 216 and 224 N Prospect Street offer a substantial 15,953 square feet of space, including approximately 16,000 square feet above ground and an additional 8,390 square feet of basement area. The property boasts recently completed renovations to the office space (2023), providing modern and efficient work environments. Seven overhead doors ensure convenient and ample loading and unloading capabilities, ideal for various commercial uses. The building's infrastructure is well-maintained, featuring newer roofs, recently installed soffits and gutters, and a dry basement equipped with two commercial sump pumps and two thermostatically controlled commercial dehumidifiers. Energy-efficient LED lighting is installed throughout the entire building. This property's combination of renovated office space and substantial warehouse area, coupled with its updated systems and convenient location in downtown Marion, makes it an attractive option for a wide range of businesses. The asking price is $299,000.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.