Commercial Property for Sale in Marion Indiana 46952
2509-2513 W 2nd St, Marion, Indiana 46952
$2,191,000
$89 / sq ft 8.75% cap rate Listed Jul 23, 2025
24,720 sqft
Building
1993
Built
1
Stories
128
Parking
1
Units
About this property
Commercial Property for Sale in Marion Indiana 46952 is an office space for sale in Marion, Indiana, listed at $2,191,000. Key details: year built 1993, building size 24,720 sqft, stories 1, parking spaces 128. Listed by Jack Cornell of SRS Real State Partners on LoopingCloud and last updated May 22, 2026.
Description
SRS Multi-Tenant Investments is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in 2509 W 2nd Street, a 24,720 square foot office property comprised of two connected buildings located at 2509-2513 W 2nd St in Marion, Indiana. The property is 100% leased to three tenants: Hopebridge (13,320 SF), Angels of Mercy Homecare (3,790 SF), and Nu Nation Church of Zion (7,610 SF). Hopebridge’s lease runs through October 2028, Angels of Mercy is in place through November 2026 with two remaining five-year renewal options, and Nu Nation recently signed a new five-year lease with 3.0% annual increases and two additional five-year options. The property also underwent recent capital improvements, including new roofing and a resurfaced parking lot. Additionally, Bradley Company has served as the third-party property manager for more than three years.
Location
The property features over 400 feet of frontage along West 2nd Street, a primary thoroughfare in Marion with an average daily traffic count of 7,000 vehicles. It is located directly across from a General Motors metal plant employing over 750 workers and is less than 2.5 miles from downtown Marion. Additional nearby demand drivers include Indiana Wesleyan University (2,270 students) and the Marion Municipal Airport, located approximately 5 miles away. The surrounding five-mile trade area supports a population of more than 36,000 residents with an average household income of $66,000.
Key highlights
- Net Lease Investment
- Zoning I2 - General Industry
- Lot Size (acres) 1.9
- Rent Bumps Yes
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1993
- Building Size
- 24,720 sqft
- Stories
- 1
- Parking Spaces
- 128
- Total Units
- 1
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $191,669
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
8.75%
Cap rate
$191,669
Net operating income
$89
Price per sq ft
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2025 | - | - | - | $191,669 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,191,000 | 8.75% | - | - | - |
Features and amenities
Property Features
- Zoning: I2 - General Industry
- Lot Size: (acres) 1.9
- Rent Bumps: Yes
- APN: 27-06-02-400-016.000-008 & 27-06-02-400-016.001-008
- Ownership: Fee Simple (Land & Building Ownership)
Highlights
- 100% Occupied | Recent Lease to NuNation Church
- Located on Central Highway | High Visibility
- Surrounding Demand Drivers | Across from General Motors Plant
- Recent Capital Improvements | 3rd Party Management In Place
Location
Address as shown by the lister.
Get directionsAbout this area - Marion
- Population
- 21,405
- Housing units
- 9,640
- Land area
- 106.1 sq mi
- County
- Grant
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Marion Indiana 46952?
Commercial Property for Sale in Marion Indiana 46952 is listed at $2,191,000. That works out to about $89 per square foot. The stated cap rate is 8.75%.
Where is Commercial Property for Sale in Marion Indiana 46952 located?
The property is in 2509-2513 W 2nd St, Marion, Indiana 46952, Grant County.
What type of property is this?
This is an office space for sale in the commercial category.
How big is the property?
The building is 24,720 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Jack Cornell of SRS Real State Partners listed this property. Use the Request Info button to send a message or call (801) 410-1621.
When was this listing published?
It was published on July 23, 2025 and last updated on May 22, 2026.
Listing information
- Listing ID
- CL-Indiana-25957
- Published
- Jul 23, 2025
- Last updated
- May 22, 2026
- Views
- 393
- Status
- Sold
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