Flex
Marion Downtown Corner units/ Retail & Office
201 W 3rd st, Marion, IN 46953
- Address
- 201 W 3rd st, Marion, IN 46953
- Coordinates
- 40.55856, -85.66132
- Type
- Flex
- County
- Grant County
- City Limits
- Yes
- Municipality
- Marion
- Building Size
- 13,500 SF
- Building Class
- C
- Building Status
- Existing
- Year Built
- 1920
- Construction
- Wood Frame
- Number of Buildings
- 1
- Floors
- 2
- Vacant
- No
- Occupancy Type
- Multi-Tenant
- Percent Occupied
- 23 %
- Land (Acres)
- 0.376 Acres
- Land (SF)
- 13,500 SF
- Lot Frontage
- 132 FT
- Zoning
- Commercial
- Land Use
- Commercial
- Electricity
- Yes
- Water
- Yes
- Wastewater
- Yes
- Wastewater Provider
- MARION WWTP
- Telecommunications
- Yes
- Easements
- Yes
- Body of Water
- No
- Zoning
- Commercial
- Current Land Use
- Commercial
- Area North
- Commercial
- Area South
- Commercial
- Area East
- Commercial
- Area West
- Commercial
- Zoning District
- Yes
- Incentive Zone
- Yes
- Tax Incentives
- Yes
- Abatements
- Yes
- Property Access
- Yes
- Road Constraints
- Yes
- Rail Access
- No
- Port
- Deep Water and Inland
- Assessed Value - Land
- $ 51,200
- Assessed Value - Improvements
- $ 136,000
- Total Assessed Value
- $ 187,200
- Property Tax
- $ 5,616
- Tax Year
- 2023
- Transfer Tax
- No
- Status
- Sold
- Sale Price
- $ 365,000
- Sale Price
- $ 27.040 /SF
- Lease Price
- $ 51,353 /Year
- Lease Rate
- $ 3.800 Annual/SF
- Cap Rate
- 8 %
- NOI
- $ 51,353
- Real Estate Representative
- Yes
Site Details
Building Size
Building Details
Land and Utilities
Zoning and Land Use
Incentives and Abatements
Roads
| Name | Type | Distance |
|---|---|---|
| US 35 | Highway | 11.3 miles |
| US 31 | Highway | 27.0 miles |
| SR 28 | Highway | 29.9 miles |
| I 69 | Interstate Highway | 11.3 miles |
| I 469 | Interstate Highway | 38.9 miles |
| I 465 | Interstate Highway | 54.8 miles |
Airports
| Name | Code | Distance |
|---|---|---|
| Marion Muni | General Aviation Airport | 5.1 miles |
| Converse | General Aviation Airport | 13.3 miles |
| Wabash Muni | General Aviation Airport | 18.2 miles |
Rail
| Railroad | Line | Distance |
|---|---|---|
| Norfolk Southern Railway | Ns Marion District | 0.3 miles |
| Central Railroad Of Indianapolis | Unknown | 0.4 miles |
| Central Railroad Of Indianapolis; U S Rail Corporation | Unknown | 2.2 miles |
Ports and Waterways
| Name | Depth | Distance |
|---|---|---|
| Michigan City | 6.6 feet deep | 124.2 miles |
| St Joseph | 19.7 feet deep | 140.8 miles |
| Gary | 26.2 feet deep | 143.1 miles |
Intermodal
| Name | Type | Distance |
|---|---|---|
| IND Airport | Air to Truck | 74.8 miles |
| IND Airport | Air to Truck | 74.8 miles |
| IND Airport | Air to Truck | 75.7 miles |
| Indianapolis, IN | COFC | 67.6 miles |
| Indianapolis, IN - Plainfield Intermodal Terminal | COFC | 78.8 miles |
| Cincinnati, OH - Sharonville | COFC | 140.4 miles |
| Fort Wayne (Huntington) Terminal - Sunoco Partners Marketing & Terminals Lp | Pipeline Terminal | 30.1 miles |
| Huntington Terminal - Mplx Lp | Pipeline Terminal | 30.1 miles |
| Huntington Station - Buckeye Pipe Line Co | Pipeline Terminal | 30.2 miles |
Pipelines
| Owner | Commodity | Distance |
|---|---|---|
| Unknown | Unknown | 4.1 miles |
| Marathon Pipe Line | Oil | 14.2 miles |
| Marathon Pipe Line | Oil | 21.0 miles |