For Sale
$495,000

2509 2Nd StMarion, IN 46952

11,290 SF Mixed-Use Building, $495,000

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional mixed-use property, located at 2509 W 2nd St in Marion, Indiana (zip code 46952), presents a compelling investment opportunity. The 11,290 square foot building, constructed in 1993, sits on a one-acre lot and is zoned I2 - General Industry. Currently boasting 34% occupancy, the single-story structure offers significant potential for increased revenue. The space is easily divisible into smaller units, making it ideal for multiple tenants. The 7,500 square feet of readily adaptable space is suitable for both office and retail uses. A key advantage is the convenient private entrance with front door parking, enhancing tenant appeal. Strategically positioned on SR-18, this property benefits from its proximity to major transportation arteries, including an I-69 interchange just eight miles away and the Marion Municipal Airport only six miles distant. The location also offers easy access to Fort Wayne and Indianapolis. Marion's thriving economy, anchored by prominent businesses such as GM Metal Stamping, Wal-Mart, Café Valley Bakery, and Dollar General, as well as Indiana's largest private college, ensures a robust and diverse potential tenant pool. This income-producing asset represents a cost-effective solution for tenants seeking quality space and a strong return on investment for the buyer. The asking price is $495,000.

Highlights

  • High-yield investment opportunity.
  • 7,500 square foot space, easily divisible.
  • Suitable for office or retail use.
  • Affordable rental rates.
  • Private entrance and convenient front door parking.

Property Details for 2509 2Nd St

Property type
Retail properties, Office properties
Square Feet
11,290 SF
Year Built
1993
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Marion
County
Grant
State
Indiana
Latitude
40.55943
Longitude
-85.70191
2509 2Nd St, Marion, Indiana

FAQs

What type of property is this?
Retail property - 11,290 SF Mixed-Use Building, $495,000
Where is the retail property located?
The property is located at 2509 2Nd St Marion, IN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: High-yield investment opportunity.; 7,500 square foot space, easily divisible.; Suitable for office or retail use.
How can I contact the broker?
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2509 2Nd St
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