Investment Sale Offering - 1123 N. Western Avenue - Marion

1123 N Western Ave, Marion, Indiana 46592

  • Property Subtypes Medical
  • Building Size (RSF) 3,696 SF
  • Gross Building Area 3,696 SF
  • Building Status Existing
  • Sale Price $560,000.00 Total
  • Unit Price $151.52 per SF
  • Property Use Type Investment
  • Class of Space N/A
  • Total Land Size 0.19 Acres
  • Sale Terms Cash to Seller
  • Cap Rate 9.9
  • Last Updated 3/30/2020
  • Days on Market 113 Days
  • Status active

Overview / Comments

Net Leased Investment Opportunity! This 3,696 SF medical office condominium is Net Leased by Lutheran Helath Physicians; Owner only collects rent! This building is highly visible and located in a heavily populated commercial area. The condominium was completely remodeled (2019). Net Operating Income $55,440 and Cap Rate 9.9%. For more information on this, and all BND properties, please visit our website at www.bndcommercial.com/listings.

Additional Details

  • Tax ID/APN 27-03-36-401-046.000-023
  • Zoning Light Commercial
  • Property Visibility Excellent
  • Total Number of Buildings 1
  • Number of Stories 1
  • Year Built 2009
  • Year Renovated 2019
  • Site Number C
  • Zoning Description Light Commercial