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418 E 3rd St 3,628 SF Retail Building Marion, IN 46952 $350,000 ($96.47/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
• Well-kept freestanding building located directly on SR 18
Well-kept freestanding building located directly on SR 18
Open floor plan with high ceilings
Multi-tenant capabilities & mixed use potential
Approx. half acre parcel with a large dedicated parking lot & pylon signage
Zoned Commercial Business (CB)
Brand new residential community across the street (approx. 25 units)
Sale Price: $350,000 ($95.89/SF)
Well-kept freestanding building located directly on SR 18
Open floor plan with high ceilings
Multi-tenant capabilities & mixed use potential
Approx. half acre parcel with a large dedicated parking lot & pylon signage
Zoned Commercial Business (CB)
Brand new residential community across the street (approx. 25 units)
Sale Price: $350,000 ($95.89/SF)
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,628 SF
Building Class
C
Year Built
1974
Price
$350,000
Price Per SF
$96.47
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
Commercial Business
Parking
17 Spaces (4.69 Spaces per 1,000 SF Leased)
Frontage
140’ on 3Rd St
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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