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516 S. WASHINGTON ST., MARION, IN 46953 516 S Washington St

4,132 SF Retail Building Marion, IN 46953 $469,810 CAD ($114 CAD/SF) 10.09% Cap Rate

Storefront Properties Indiana Marion 516 S Washington St, Marion, IN 46953

Investment Highlights

  • Automotive Color & Supply Corporation, a leading distributor of automotive and industrial coatings, anchors the property
  • A 10% cap rate with an NNN lease structure, and an attractive investment, o?er minimal landlord responsibilities and scheduled rental increases
  • A long-term lease structure and a reputable tenant in a crucial industry ensure a steady and pro?table income stream
  • This established tenant operates 10 locations across Indiana and Illinois, ensuring strong regional stability
  • Located in close proximity to downtown Marion, this prime location enhances accessibility and visibility making it a compelling investment opportunity

Attachments

OM_516 S Washington St Marion_Bradley

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,132 SF
Year Built
1920
Price
$469,810 CAD
Price Per SF
$114 CAD
Cap Rate
10.09%
NOI
$47,400 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.95
Lot Size
0.10 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
LC/TC Limited Commercial

Links

1 of 1

Nearby Major Retailers

Northwest Bank
The YMCA
Wings Etc.
Rent-A-Center
ALDI
Anytime Fitness
(260) 755-7836

Contacts

  • Listing ID: 34257507

  • Date on Market: 2024-12-20

  • Last Updated:

  • Address: 516 S Washington St, Marion, IN 46953

The Retail Property at 516 S Washington St, Marion, IN 46953 is currently available for sale. Contact Bradley Company for more information.

Nearby Listings

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516 S Washington St, Marion, IN for sale Primary Photo- Image 1 of 5
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516 S Washington St, Marion, IN for sale Building Photo- Image 2 of 5
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516 S Washington St, Marion, IN for sale Building Photo- Image 4 of 5
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516 S. WASHINGTON ST., MARION, IN 46953 | 516 S Washington St
(260) 755-7836 x

516 S. WASHINGTON ST., MARION, IN 46953 | 516 S Washington St

1/2

Bill Drinkall

(260) 755-7836

(260) 755-7836

Conner Call

(260) 423-4311

(260) 423-4311

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