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3 Commercial Bldg | Blank Canvas! 40k sf
3 Properties Offered at $275,000 in Multiple Locations
Investment Highlights
- Unlimited Potential | Multifamily | Apartments
- Parking
- Storage Units | Storage
Executive Summary
Investment Opportunity Breakdown
Property: 3 mixed-use buildings, total 40,940+ sqft, built 1900-1972
Location: 0.31 miles from a $17 million district redevelopment, walking distance to downtown
Zoning: Mixed-use, flexible for residential, storage, or retail
Conversion Potential:
Apartments: Potential $518,400 annual income, $3,406,100-$6,057,214 profit
Storage Units: Potential $504,000 annual income, $3,906,200-$6,280,900 profit
Commercial Space (As-Is): Potential $168,000 annual income, $4,120,900-$6,057,214 profit
Investment Highlights:
High-growth area with millions in investments
Versatile zoning for various uses
Strong potential for appreciation and revitalization
Asking Price: $275,000 OB
PHOTOS
https://www.dropbox.com/scl/fo/q2tm1ewyvxzwp7e1u49j1/AOuASDUxkH5OEpAbbduGy_E?rlkey=zk0u659a7p2mfov4fxzcd2anz&st=n012pp6v&dl=0
Property Highlights:
3 Buildings, Mixed-Use Potential:
Building 1: 8,612 sq ft (built 1968), ideal for adaptive reuse.
Building 2: 32,148+ sq ft (built 1900), historic, perfect for apartments or commercial space.
Building 3: 2,180 sq ft (built 1972), excellent condition, suitable for mixed commercial/residential use.
Total Area: Over 40,940 sq ft, including buildings and parking.
Prime Location: Walking distance to downtown and a $17 million district redevelopment project.
Versatile Zoning: Mixed-use zoning allows for flexibility in development (residential, storage, or retail).
Potential Profit Scenarios:
Apartment Conversion:
Potential Annual Income: $518,400
Potential Profit: $3,406,100 - $6,057,214
Storage Unit Conversion:
Potential Annual Income: $504,000
Potential Profit: $3,906,200 - $6,280,900
Commercial Space (As-Is):
Potential Annual Income: $168,000
Potential Profit: $4,120,900 - $6,057,214
Investment Benefits:
High-Growth Area: Benefit from the city's revitalization efforts and millions in public/private investments.
Appreciation Potential: Property value is expected to increase with ongoing development.
Flexible Development: Choose the conversion strategy that best suits your investment goals.
Property Overview
https://docs.google.com/document/d/1kjmuE_z2BEPJeKYL30CYSPvy9iEz_9_D7UYG-blNcwQ/edit?usp=sharing
Property: 3 mixed-use buildings, total 40,940+ sqft, built 1900-1972
Location: 0.31 miles from a $17 million district redevelopment, walking distance to downtown
Zoning: Mixed-use, flexible for residential, storage, or retail
Conversion Potential:
Apartments: Potential $518,400 annual income, $3,406,100-$6,057,214 profit
Storage Units: Potential $504,000 annual income, $3,906,200-$6,280,900 profit
Commercial Space (As-Is): Potential $168,000 annual income, $4,120,900-$6,057,214 profit
Investment Highlights:
High-growth area with millions in investments
Versatile zoning for various uses
Strong potential for appreciation and revitalization
Asking Price: $275,000 OB
PHOTOS
https://www.dropbox.com/scl/fo/q2tm1ewyvxzwp7e1u49j1/AOuASDUxkH5OEpAbbduGy_E?rlkey=zk0u659a7p2mfov4fxzcd2anz&st=n012pp6v&dl=0
Property Highlights:
3 Buildings, Mixed-Use Potential:
Building 1: 8,612 sq ft (built 1968), ideal for adaptive reuse.
Building 2: 32,148+ sq ft (built 1900), historic, perfect for apartments or commercial space.
Building 3: 2,180 sq ft (built 1972), excellent condition, suitable for mixed commercial/residential use.
Total Area: Over 40,940 sq ft, including buildings and parking.
Prime Location: Walking distance to downtown and a $17 million district redevelopment project.
Versatile Zoning: Mixed-use zoning allows for flexibility in development (residential, storage, or retail).
Potential Profit Scenarios:
Apartment Conversion:
Potential Annual Income: $518,400
Potential Profit: $3,406,100 - $6,057,214
Storage Unit Conversion:
Potential Annual Income: $504,000
Potential Profit: $3,906,200 - $6,280,900
Commercial Space (As-Is):
Potential Annual Income: $168,000
Potential Profit: $4,120,900 - $6,057,214
Investment Benefits:
High-Growth Area: Benefit from the city's revitalization efforts and millions in public/private investments.
Appreciation Potential: Property value is expected to increase with ongoing development.
Flexible Development: Choose the conversion strategy that best suits your investment goals.
Property Overview
https://docs.google.com/document/d/1kjmuE_z2BEPJeKYL30CYSPvy9iEz_9_D7UYG-blNcwQ/edit?usp=sharing
Taxes & Operating Expenses (Pro forma - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$961,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$961,000
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $961,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $961,000 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 319 W 2nd St, Marion, IN 46952 | Retail | 6,566 SF | - | - |
| 305 W 2nd St, Marion, IN 46952 | Retail | 8,612 SF | 1968 | - |
| 3 Story Building | Multifamily | 31,500 SF | 1900 | - |
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3 Commercial Bldg | Blank Canvas! 40k sf
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