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Property profile & analytics
OFF-MARKET Estimated value $950,000
Office Spaces

2509 2nd St Marion, IN 46952-3241

11,400 SF 1.9 ac lot Built 1993
Entity Owned Free & Clear
Property ID
US31-1947470
Property summary
AI-generated overview

This exceptional 7,500-square-foot single-tenant office/retail building presents a unique investment opportunity in Marion, Indiana. Located at 2509 W 2nd St, this Class B property sits on a spacious 1.9-acre lot and boasts over 175 feet of frontage on IN-18, offering significant visibility and accessibility. Built in 1993, the single-story structure is currently entirely vacant, providing flexibility for a variety of uses. The adaptable floor plan allows for easy modification to suit diverse business needs, with the potential to be subdivided into two or three smaller units. The zoning designation is 12, General Industry, offering versatility for various commercial enterprises. The property's location in Grant County, Indiana, with a zip code of 46952, provides access to a thriving local market. The ample square footage and prominent location make this property ideal for a single large tenant or multiple smaller businesses. The property's APN is 27-06-02-400-026-000-008. This is a rare chance to acquire a substantial commercial property with high potential for return on investment. The building's current vacancy presents a blank canvas for a prospective buyer to customize the space to their exact specifications. Don't miss this opportunity to secure a prime commercial property in a desirable location.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1993
Construction WOOD
Total area 11,400 SF
Lot 1.9 ac (82,764 SF)
APN 27-06-02-400-016.000-008
UPID US31-1947470
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Angels of Mercy HomeCare Home Health Care Service Hospital
  • Verizon Authorized Retailer - TCC Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$951k
Blend (final) Blend
$950k
Owner & transaction history
Marion Med LLC
Marion Med LLC
since 2025
3 recorded transactions
2025
Price N/A
2022
Price N/A
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.1M +77.1%
Apartment house (5+ units) $1.1M +76.9%
Auto repair, garage $875,000 +43.2%
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