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Listed by J Meyer Real Estate Services, Inc
$439,900
Est. payment /mo
5 Baths
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202501662
HOA Y/N No
Year Built 1920
Annual Tax Amount $3,684
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 22x132
Property Sub-Type Mixed Use
Property Description
New price! Prime location loaded with lots of versatility and opportunity!! Own a high traffic commercial building located on the downtown Marion square in the historical district and NEW Riverfront District- where over $77M of private investments are taking place. Five (5) units total offering over 6,000 sq. ft. Unit 1 (401) is approximately 1,700 sq. ft. with a nice basement and bathroom. Currently vacant but previously used for professional services and has been very well-maintained throughout. Unit 2 (102) is located on the second floor and provides approximately 2,600 sq. ft. of possibilities! Currently being used for musical and photography services with multiple office suites and a bathroom. Previously had two bathrooms but one was converted to a storage closet. Unit 3 (405) is approximately 800 sq. ft. with a basement and bathroom and lower level vault room with original vault from when the unit operated as a jewelry store. Currently rented and is being used as a State Farm insurance office. Unit 4 (407) has approximately 650 sq. ft. and a half bath with a basement. This unit saw a complete remodel a couple years ago and is currently used and as a nutrition bar. Unit 5 (409) is located on the second floor and is approximately 600 sq. ft. This unit is currently rented and used as a tattoo shop, but could be transformed into a loft or many other things. All units are separately metered and have their own gas furnace and central A/C. Let your ideas run loose with all of the possibilities this beautifully maintained piece of history has to offer! All of the units have their own uniqueness while also maintaining the beautiful character and charm of the building. Truly an opportunity that doesn't come up often- don't miss out on your chance to grow alongside a rapidly growing downtown scene!
Location
State IN
Zoning Central Core
Rooms
Basement Finished, Full, Unfinished
Interior
Heating Gas, Forced Air
Inclusions Building, Land, Lease
Fireplace N
Exterior
Parking Features Off Street, Public Parking, On Street
Fence None
View Y/N true
Building
Sewer Public Sewer
Water City
New Construction No
Others
Pets Allowed No
Tax ID 27-07-06-402-091.000-002
Acceptable Financing IRM202501662
Listing Terms IRM202501662
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202501662
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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