Marion, Indiana- 14,014 sq ft office Building- Income potential $140k/year
Marion, Indiana- 14,014 sq ft Commercial Building- Excellent income potential
Marion, IN 46953  (includes 310- 303 E. 5th Ave)
14,014  sq ft Office building: a single story building and 3 storey building with ample parking space.
Clear title - No back taxes - Warranty deed
Great Investment Opportunity- Suitable for a variety of uses. Potential gross rental income: $140,000/ year.
For a tenant, the buildings offers large or small customizable professional space, with parking at the door. For an investor, the buildings offer flexible space that can be easily subdivided and rented out.
The property consists of 4 parcels:
Parcel: 27-07-06-401-109.000-002 (016-01012-20): 0.213 Acres
Parcel: 27-07-06-401-110.000-002 (016-90001-30) : 0.304 Acres
Parcel: 27-07-06-401-117.001-002 (016-01012-31): 0.049 Acres
Parcel: 27-07-06-401-117.000-002 (016-01012-30): 0.139 Acres
Total: 0.705 Acres
Buildings: 6138 sq + 7876sq ft- Total: 14,014 sq ft
Class C office building Corner building, currently divided into four leaseable units on first floor:
The first floor which is about 9850 sq ft has finished office suites ready to lease or use with total leasable space  of about 9,850 square feet and needs very little or no maintenance work.The two upper floors totaling 4,164 sq ft need some work with the second floor of 2,082 sq ft needing some rehab/ updating and third floor of 2,082 sq ft needing a full rehab. 
Office space can be leased, from 858 sq. ft. and up.
The property has lots of rooms and nice long and wide hallway.
The parking lot has 45 parking slots.
Location:
Downtown office building in direct area of county and city government offices.
The property is in a nice neighborhood in a great commercial location in downtown Marion, right down the street from the police department, one block off the Square and very close to city and county offices, this building offers flexible space, convenience and ample off-street parking.
Demographics:
Total Population : 10,553 (1 mile)- $28,345 (3 mile)
% white: 76.38%  - % Black/ African American: 15.07%
Average Household income: $46,238
Average price for offices in Marion (loopnet): $72/ sq ft which puts a value on this property of $1,000,000
Leasing comps:

323 E Second St Marion IN- 1,238 sq ft  - $1,238/ month ($12/ sq ft / year)

321 E Second St Marion IN- 870 sq ft  - $870/ month ($12/ sq ft / year)

3700 S Western Ave, Marion, IN 46953- 1,200 sq ft- $8/sq ft

1871 S. Western Ave, Marion, IN 46953 - 3,680 sq ft- $8.15/sq ft

101 S Branson St, Marion , IN - 1,000 sq ft office- $1,043/ month ($12.4/ sq ft / year)

1117 N Baldwin Ave, Marion, IN 46952- 4,627 sq ft- $12/sq ft

3016 S. Western Avenue, Marion, IN 46953- 4,432 sq ft-  $14/sq ft
Average leasing / sq ft/ year price for offices in Marion (loopnet): $14/ sq ft
Based on a lower rent of $10/sq ft the potential gross income of this property is: $140,000/ year
Low Real Estate Taxes:
27-07-06-401-109.000-002 (016-01012-20): $750/ year
27-07-06-401-110.000-002 (016-90001-30) : $195/ year
27-07-06-401-117.001-002 (016-01012-31): $ 582/ year
27-07-06-401-117.000-002 (016-01012-30): $345/year
Total Real Estate Tax: $1,872
PROPERTY IS SOLD AS IS, WHERE IS- Clear title - No back taxes - Warranty deed
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee but no auction premium is charged.
10% non-refundable deposit and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 21 days of the Auction close.