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516 S Washington St
Marion, IN 46953
516 S. WASHINGTON ST., MARION, IN 46953 · Retail Property For Sale
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,132 SF
Year Built
1920
Price
$448,890 CAD
Price Per SF
$108.64 CAD
Cap Rate
10.09%
NOI
$45,290 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.95
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
LC/TC - Limited Commercial
Frontage
Property Taxes
| Parcel Number | 27-07-06-402-162.000-002 | Improvements Assessment | $74,787 CAD |
| Land Assessment | $18,047 CAD | Total Assessment | $92,835 CAD |
Property Taxes
Parcel Number
27-07-06-402-162.000-002
Land Assessment
$18,047 CAD
Improvements Assessment
$74,787 CAD
Total Assessment
$92,835 CAD
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