1006 3Rd StMarion, IN 46952

  • Theaters & concert halls
  • 12,444 SF
For Sale
$265,000 View listing

Property Details for 1006 3Rd St

Year built
1940
Construction
WOOD
Lot size
0.40 AC
Property size (Sq ft)
12,444 SF
Property type
Theaters & concert halls
APN
27-07-06-302-049.000-002
APU
270706302049000002

Description

This exceptional 0.49-acre property at 1006 W 3RD Street, Marion, IN, presents a unique investment opportunity. The building, a beautifully maintained church, boasts a stunning sanctuary featuring hand-carved oak woodwork and exquisite stained-glass windows. With a seating capacity of 300, the sanctuary offers ample space for large gatherings. Adjacent to the sanctuary are a library, prayer room, nursery, and several classrooms, providing versatile space for various uses. The property includes convenient handicap access throughout. A fully finished lower level adds significant value, featuring an oversized banquet hall and a well-equipped kitchen. The kitchen is complete with two electric ranges, two refrigerators, a microwave, all necessary utensils, and a large stainless steel island. The sale includes all existing furnishings and equipment, such as pews, a baptism pool, desks, pianos, an organ, office equipment, draperies, furniture, nursery toys, books, a safe, window air conditioners, sound equipment, tables, and chairs. Two paved parking lots on either side of the building provide ample parking for attendees or clients. This magnificent structure in the heart of Marion offers immense potential for a variety of commercial uses, making it an attractive investment for discerning buyers. The asking price is $265,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,476,617
    Hospitality
    $2,268,568
    Educational
    $1,887,422
    Medical
    $1,952,333
    Retail
    $2,935,990

Location Insight

City
Marion
County
Grant
State
Indiana
Latitude
40.5591
Longitude
-85.6708
CBSA code
31980
CBSA name
MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$22,100
$189,800
$211,900
-
$22,100
$189,800
$211,900

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