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Property profile & analytics

2509 2nd St Marion, IN 46952-3241

  • Office Properties & Spaces
  • 11,400 SF
  • 1.90 lot acres
OFF-MARKET
Value Estimations
$950,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-1947470
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Angels of Mercy HomeCare / Home Health Care Service / Hospital
  • Verizon Authorized Retailer - TCC / Mobile Phone Store / Electronics & Wireless Store

Property Details for 2509 2nd St

Year built
1993
Construction
WOOD
Lot size
1.90 lot acres
Property size
11,400 SF
Property type
Office Properties & Spaces
APN
27-06-02-400-016.000-008
APU
270602400016000008

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $951,000
    Market price range: $285k - $951k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $610,000
    Current use
    RESTAURANT
    $1,085,000
    Change: +77% Conversion: Difficult
    APARTMENT HOUSE (5+ UNITS)
    $1,085,000
    Change: +77% Conversion: Moderate
    AUTO REPAIR, GARAGE
    $875,000
    Change: +43% Conversion: Difficult
    RETAIL STORES
    $745,000
    Change: +21% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Marion
County
Grant
State
Indiana
Longitude
-85.7019
Latitude
40.5594
CBSA code
31980
CBSA name
MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,113
$81,700
$655,400
$737,100
-
$81,700
$655,400
$737,100
More about this property
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