516 S. Washington St.

516 S. Washington St., Marion, IN 46953

  • For Sale $325,000
  • Property Type Retail - Street Retail
  • Property Size 4,132 SF
  • Units 1
  • Lot Size 0.1 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1920
  • Date Updated Dec 20, 2024
The retail property at 516 S. Washington St. in Marion, IN, presents an excellent opportunity for investors seeking a profitable venture. This 4,132 square-foot building, originally constructed in 1920, is well-suited for personal services or retail businesses in a central location. Its position in a key commercial area boosts visibility and foot traffic, enhancing revenue potential. Marion's growing market trends and stable community make it an attractive spot for long-term investment​. It is seeing promising trends in its retail market, driven by a shift toward community-centric and experiential retail spaces. Retailers are focusing on strategies that not only foster brand loyalty but also supports regional businesses, contributing to a stronger local economy. Additionally, there is a growing emphasis on integrating technology and sustainable practices, making retail spaces more adaptable and customer-friendly. These trends position Marion’s retail sector for steady growth and profitability in the coming years, appealing to investors looking for stable, community-driven markets​.-
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Highlights

  • Automotive Color & Supply Corporation, a leading distributor of automotive and industrial coatings, and best-in-class tenant, anchors the property
  • This established tenant operates 10 locations across Indiana and Illinois, ensuring strong regional stability
  • A 10% cap rate with a NNN lease structure, is an attractive investment, offering minimal landlord responsibilities and scheduled rental increases
  • Located in close proximity to downtown Marion, this prime location enhances accessibility and visibility making it a compelling investment opportunity
  • A long-term lease structure and high-quality tenant in an essential industry offers a reliable income stream

Contacts

broker
Conner Call

Bradley Company

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Marion, IN
  • Zip Code 46953

Points of Interest

  • Speedway

    1.03 miles

  • Casey's General Store

    1.48 miles

  • Marathon

    1.74 miles

  • Meijer

    2.42 miles

  • Clark

    2.45 miles

  • BP

    3.26 miles

  • Little Caesars

    0.80 miles

  • Moe's Southwest Grill

    1.11 miles

  • Taco Bell

    1.14 miles

  • Arby's

    1.18 miles

  • Culver's

    1.32 miles

  • McDonald's

    1.46 miles

  • Fazoli's

    1.69 miles

  • Papa Murphy's

    1.77 miles

  • IHOP

    1.78 miles

  • Hardee's

    2.47 miles

  • ALDI

    1.12 miles

  • Five Points Mall

    1.52 miles

  • Walmart Supercenter

    2.01 miles

  • Meijer

    2.55 miles

  • Kohl's

    2.72 miles

  • TJ Maxx

    2.76 miles

  • Lance's New Market

    5.82 miles

Frequently Asked Questions

How much does 516 S. Washington St. cost?

The space currently listed for sale at 516 S. Washington St. asks for $325,000.

What is the total square footage of 516 S. Washington St.?

516 S. Washington St. totals 4,132 square feet.

When was this property built?

516 S. Washington St. was built in 1920.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Conner Call

Bradley Company