For Sale
$3,323,000

107 Pennsylvania St Marion, IN 46952

127,820 SF Flex Space, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional redevelopment opportunity presents a 127,820 square foot flex space, formerly a vocational school, situated on a 16.06-acre lot in Marion, Indiana. The main building, constructed in 1982 and renovated in 2004, boasts two stories and offers ample space with large open areas. The property includes eight grade-level overhead doors (various sizes up to 14' x 14'), one dock-high door with a manual leveler, one freight elevator, and one passenger elevator. A significant feature is a large commercial kitchen equipped with hood systems. A secondary 3,120 square foot outbuilding, constructed in 2004, adds further versatility. This pole-built structure features metal siding and roofing, and two overhead doors. The property also includes a large asphalt parking lot, a greenhouse, a standing seam roof, and a diesel generator. The property is zoned R-3 (Residential) and offers convenient access to I-69, approximately five miles away. The main building sits on 11.55 acres, with an additional 4.5 acres of woodland at the rear of the site. Asking price is $3,323,000 ($26/SF).

Highlights

  • 127,820 SF flex space, former vocational school; 3,120 SF outbuilding.
  • 16.06-acre lot (11.55 acres building/parking, 4.5 acres woodland).
  • Eight grade-level overhead doors (up to 14' x 14'), one dock-high door with manual leveler.
  • One freight elevator, one passenger elevator; large commercial kitchen with hood systems.
  • Convenient I-69 access (5 miles); $3,323,000 asking price ($26/SF).

Property Details for 107 Pennsylvania St

Property type
Industrial properties, Flex space
Square Feet
127,820 SF
Year Built/Renovated
1982/2004
Buildings
2
Stories
2
Lot Size (sq. ft)
699,574 SF

Location Insight

City
Marion
County
Grant
State
Indiana
Latitude
40.560356329465
Longitude
-85.645029505243
107 Pennsylvania St, Marion, Indiana

FAQs

What type of property is this?
Industrial property - 127,820 SF Flex Space, Redevelopment Opportunity
Where is the industrial property located?
The property is located at 107 Pennsylvania St Marion, IN.
What is the asking price?
The asking price for this property is $3,323,000.
What are key features of this property?
This property features: 127,820 SF flex space, former vocational school; 3,120 SF outbuilding.; 16.06-acre lot (11.55 acres building/parking, 4.5 acres woodland).; Eight grade-level overhead doors (up to 14' x 14'), one dock-high door with manual leveler.
How can I contact the broker?
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107 Pennsylvania St
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