2509 2nd St Marion, IN 46952-3241
- Office Properties & Spaces
- 11,400 SF
- 1.90 lot acres
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
-
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
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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