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402 S Washington Street Marion, IN $ 8,000,000
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402 S Washington Street
$ 8,000,000
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402 S Washington Street

Marion, IN, 46953
$ 8,000,000
Bedrooms-- Baths-- Sq 75,000

Monthly Estimate*

$ 49,257

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Commercial Property for sale in Marion, IN

for $8,000,000. This 75,000 square foot building was built in 1917 on a lot size of 1.25.

Remarkable Renovated Historic Building featuring 15000 sq ft of commercial space, fully leased, and 30 market rate apartments completed in 2021 and are typically fully leased/occupied. The Commercial Tenants include Yolanda's Soul Food Restaurant located in the Grand Lobby, F C Tucker Realty Center, Obi's BBQ Halstead Architects, and All State Insurance. The apartments are modern and sleek with great city views. Each apartment has a refrigerator, range, microwave, dishwasher, washer and dryer. Each unit has a designated parking spot. The newly paved parking lot also features a solar canopy powering the building. This is amazing Neoclassic Revival building lovingly overhauled by a talented architect team, and ready to add to your REIT or real estate investment portfolio.

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Commercial Active

Price

$ 8,000,000

Property Type

Commercial

Taxes

$ 6,648

Style

Mixed Use

Lot Size

1.25

Year Built

1917

Town/City

Marion

County/Region

Grant

MLS | Web ID

22095910
Features
General
Heating Forced Air Natural Gas
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Water Connected
Possession Subject to Tenant Rights
Roof Rubber
Zoning Central Core
Security Features Fire Alarm Key Card Entry Security Lights Smoke Detector(s)
Year Built 1917
Stories Count 7
Township Center
Property Subtype Mixed Use
Tax Year 2025
Current Use Apt<20 Office Restaurant
Building Name Ridley Tower
Additional Parcels Description See Remarks
County Grant
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
High School Marion High School
City Marion
High School District Marion Community Schools
MLS Area 2707 - Grant - Center
Lot Size Square Feet 54450
Elementary School Frances Slocum Elem School
Middle/Junior High School John L McCulloch Junior High Sch
Additional Parcels Y/N Y
Standard Status Active
Tax Lot 270706402090000002
Legal Description LOTS 1 & 4 & AL VAC BLK 21 O P LOTS 2 & 3 BLK 21 & AL VAC O P LOTS 7 & 8 EX 44 X 90' SW COR BLK 12 OP 16-01-124.02 24' E/SD LOT 2 BLK 21 & AL VAC O P
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Exterior
Building Area Total 75000
Lot Size Acres 1.25
Waterfront Y/N N
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* Excluded Features
List By
F.C. Tucker Realty Center

Broker

Susan@SusanReese.com

Email

Affordability Calculator

$49,811
Per Month
99%
1%
0%
Monthly Principal & Interest
$49,257
Monthly Property Taxes
$554
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5423649 Elementary School
4056960 Middle School
Marion High School High School
See complete school information
Pricing History
Date Price Price Change Description
4/16/2026 $8,000,000 Listed Price

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402 S Washington Street, Marion, IN, 46953 is a Commercial Property for sale at $8,000,000 with 75,000 sqft and a lot size of 1.25. 402 S Washington Street was built in 1917. The property's zip code is 46953 which is in Marion, IN

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