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Former Tucker Vocational & Technical School 107 S Pennsylvania St

127,820 SF Industrial Building Marion, IN 46952 $3,323,000 ($26/SF)

Investment Highlights

  • Convenient access to the interstate
  • Combinantion of office and warehouse
  • Large commercial kitchen with hood systems in place
  • 16.06 Acres
  • 8 grade level doors of various sizes up to 14' x 14'
  • Built in 1982 and renovated in 2004

Executive Summary

This unique property has many possibilities for redevelopment opportunities!
Built in 1982, the former Tucker Career & Technology Center has 127,820 SF of classroom and training space on two floors. The building has large open areas on the lower back side of the structure. It also features one 10’ x 10’ overhead door, five 12’ x 12’ overhead doors, two 14’ x 14’ overhead doors, and one 10’ x 10’ dock door with a manual leveler.
A large asphalt parking lot is along Pennsylvania Street, and the building has entrances from both Pennsylvania Street and SR 18. The south end of the building has a large attached greenhouse. The property also features a standing seam roof and a diesel generator at the back. The building has one personal elevator and one freight elevator.
There is a second building that was built in 2004 that is at the rear of the property and is 30’ x 104’ or 3,120 SF. This building is equipped with two OH door that are 7’.5” x 8’ and 11’6” x 8’. This building is pole built with metal skin and roof.
The entire property is 16.06 acres with approximately 11.55 acres that the building and parking sits on and approximately 4.5 acres of woodland at the rear of the site.

Property Facts

Price $3,323,000
Price Per SF $26
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
Property Type Industrial
Property Subtype
Distribution
  • Flex Light Manufacturing
  • Flex Research & Development
  • Office Telecom Hotel Data Hosting
Building Class C
Lot Size 16.06 AC
Rentable Building Area 127,820 SF
No. Stories 2
Year Built/Renovated 1982/2004
Tenancy Single
Parking Ratio 2.35/1,000 SF
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 8

Amenities

  • 24 Hour Access

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-07-05-103-027.000-002
Land Assessment
$331,200
Improvements Assessment
$5,766,200
Total Assessment
$6,097,400

zoning

Zoning Code R-3 / Residential (This is currently zoned residential and was formerly used as an educational facility for vocational and technical training.)
R-3 / Residential (This is currently zoned residential and was formerly used as an educational facility for vocational and technical training.)
  • Listing ID: 31318885

  • Date on Market: 3/25/2024

  • Last Updated:

  • Address: 107 S Pennsylvania St, Marion, IN 46952

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