Map of Property

516 S. Washington St.

For Sale

516 S. Washington St., Marion, IN 46953

This Marion property for sale is located at 516 S. Washington St.. The current listed sale price for 516 S. Washington St. is $325,000. 516 S. Washington St. is situated on a lot that is 0.1 acre in size.

Contacts

broker
Conner Call

Bradley Company

Property Details

  • 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

Getting around

  • 62/100

    Walk Score ®

  • 46/100

    Bike Score ®

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Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Conner Call

Bradley Company