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222 W. 2nd St. 222 W 2nd St 11,438 SF Industrial Building Marion, IN 46952 $710,000 ($62.07/SF)
Investment Highlights
- Downtown corridor location
- Two floors of clear-span space
- Prime redevelopment potential
- Close proximity to new riverfront development
- Large, dedicated parking lot included
- Favorable commercial zoning (LC/TZ)
Executive Summary
Introducing a flexible industrial/warehousing investment opportunity in Marion, IN. This 11,438 SF building, constructed in 1930, offers two floors of clear-span space, ideal for versatile operations. Situated in the downtown corridor and zoned LC/TZ, the property boasts a large, dedicated parking lot and close proximity to a new riverfront development. With a favorable lease rate of $7.00 SF/yr NNN and a sale price of $710,000, this property presents a compelling proposition for investors and commercial businesses seeking a strategic commercial asset in the Grant County area.
Property Facts
| Price | $710,000 | Rentable Building Area | 11,438 SF |
| Price Per SF | $62.07 | No. Stories | 2 |
| Sale Type | Owner User | Year Built | 1930 |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.51 AC | Opportunity Zone |
Yes
|
| Zoning | LC/TZ | ||
| Price | $710,000 |
| Price Per SF | $62.07 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Lot Size | 0.51 AC |
| Rentable Building Area | 11,438 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | LC/TZ |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 11,438 SF
- Industrial
- -
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 11,438 SF | Industrial | - | 30 Days |
1st Floor
| Size |
| 11,438 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 30 Days |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 27-07-06-103-096.000-002 | Improvements Assessment | $86,200 |
| Land Assessment | $67,200 | Total Assessment | $153,400 |
Property Taxes
Parcel Number
27-07-06-103-096.000-002
Land Assessment
$67,200
Improvements Assessment
$86,200
Total Assessment
$153,400
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