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418 E 3rd St 3,650 SF Retail Building Marion, IN 46952 $350,000 ($95.89/SF)
Investment Highlights
- Well-kept freestanding building located directly on SR 18
- Multi-tenant capabilities & mixed use potential
- Zoned Commercial Business (CB)
- Open floor plan with high ceilings
- Approx. half acre parcel with a large dedicated parking lot & pylon signage
- Brand new residential community across the street (approx. 25 units)
Executive Summary
Introducing a prime freestanding commercial property with endless potential ideal for industrial, retail, office, or recreational uses. This property is located in the heart of downtown Marion. This property features a well-maintained 3,650 SF building constructed in 1973, offering a solid foundation for any commercial operation. Zoned for commercial business use, the property provides versatility for a range of commercial activities. With its strategic location, this property presents an ideal investment opportunity, providing ample space for production, storage, or distribution. Don't miss out on this chance to establish a strong presence in a dynamic and thriving area.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,650 SF
Building Class
C
Year Built
1974
Price
$350,000
Price Per SF
$95.89
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
Commercial Business
Parking
17 Spaces (4.66 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $83,800 | |
| Land Assessment | $63,900 | Total Assessment | $147,700 |
Property Taxes
Parcel Numbers
Land Assessment
$63,900
Improvements Assessment
$83,800
Total Assessment
$147,700
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