Great Commercial Property In Marion In

Special Purpose for Sale
Catylist Listing ID: 30836362
Building Size (RSF): 7,520 SF
Gross Land Area: 0.77 Acres
Sale Price: $349,000
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 7,520 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/3/2023

Overview / Comments

This facility comes with tons of potential, make it home to your small business, personal shop and storage or just as an investment opportunity !! It's currently a long standing small engine repair shop within the community but this facility could be so many things. Its location offers great exposure to the St Rd 9bypass offering high traffic counts through Marion IN daily and the buildings are very versatile. The main building has four garage bays a small parts room and half bathroom eight foot ceilings and is heated with two hanging gas furnaces. The second building is 50X100 block clear span construction, currently used for vehicle, boat or camper storage but a building like this has endless potential, it offers one 10ft overhead door and one 12ft overhead door concrete floor and the roof is less than10yrs old, it has a 200amp electric service and is also heated with two hanging gas forced are furnaces. On the back side of the property are two small rental homes both need a little work but could produce great income if fixed back up again. This property has been in owned and operation by the same family for over 50 years, don't miss out on this opportunity !!

Additional Details

Nearest MSA: Marion
County: Grant
Taxing Authority: City of Marion
Tax ID/APN: 27-07-18-303-027.000-002, 27-07-18-303-027.000-002, 27-07-18-303-002.000-002
Property Located Between: 36th st and 37th street
Property Visibility: Excellent
Highway Access: Located on Western Ave which is also St RD 9 & 37 in Marion.
Airports: Marion Municipal Airport Nearby
Site Description: L shaped property consisting of several lots on the corner of South Western Ave and 37th Street
Area Description: Great location on Marion's busy retail shopping area.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1960
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Building one is a block building used as a shop. Building # 2 is an open clear span warehouse building. 2 old rental homes that need renovation.
Parking Type: Surface
Parking Description: Off street.
Sprinklers: None
Heat Type: Natural Gas, Space Heaters
Internet Access: Cable, DSL
Interior Description: Building one is a block building used as a shop. Building # 2 is an open clear span warehouse building. 2 old rental homes that need renovation.
Zoning Description: General Business use.
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Normal utility easements
Land Ownership: Fee simple
Legal Description: Pt lot 98 ex 30' n/sd & lot 99 ex w end Leverton Addn, lots 64-66 Levertons Addn

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,369 28,966 46,620
Median Age: 33.03 37.65 40.03
Households: 2,147 11,119 18,642
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