Property profile

2509 2nd St Marion, IN 46952

OFF-MARKET
Office Spaces
Property ID
US31-1947470
11,400 SF 1.9 ac lot Built 1993
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Home Health Care Service Hospital
  • Mobile Phone Store Electronics & Wireless Store

Location

2509 2nd St Marion, IN 46952-3241
Marion metro Census 700 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
$951k
Blend (final) Blend
$395k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2022
Price N/A
2015
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.1M +77.1%
Apartment house (5+ units) $1.1M +76.9%
Auto repair, garage $875,000 +43.2%

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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