Published on: Wednesday, July 23, 2025
Updated on: Wednesday, July 23, 2025
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About the Lister
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Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
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  Marion, IN - 2509 W 2nd St
2509-2513 W 2nd St Marion Indiana , 46952
2509-2513 W 2nd St Marion Indiana , 46952  SRS Real State Partners
Listing ID: CL-Indiana-25957

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 8.75
Net Operating Income: $191,669.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Indiana-25957
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1993
Building Size: 24,720.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: 128
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
SRS Multi-Tenant Investments is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in 2509 W 2nd Street.
Complete Details
Year Build: 1993
Building Size: 24,720 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: 128
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

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.
Additional Properties
Property 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
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)
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2025
$0.00
$0.00
$0.00
$191,669.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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