645 Indiana Avenue, Marion, OH 43302
$175,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
3,049
Status:
Active
Current Price:
$175,000
List Date:
12/12/2025
Last Modified:
2/11/2026
Description
Prime Investor Opportunity! This versatile mixed-use building combines solid income with exceptional potential. The main level offers flexible commercial space plus an additional 600 sq. ft. rear area—ideal for storage, office use, or a boutique-style rental. Recent improvements include a newer roof, refreshed mechanicals, and an upgraded electrical panel, paving the way for an easy conversion to another residential unit. Upstairs, two bright and spacious 1 bed/1 bath apartments bring in $825/month combined, contributing to a total property income of $2,625/month. A strong earner with room to elevate even further—perfect for the savvy investor.
Supplements: ********
More Information MLS# 225045436
Location & Property Info
City (Mailing Addr): Marion
Corp LimitPerAuditor: Marion
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Lot Size (Side): 45
Number of Units: 3
Year Built: 1920
Acreage: 0.07
Tax Info
Tax Abatement: No
Taxes (Yrly): 882
Parcel #: 12-4160007.000
Tax Year: 2024
Remarks & Misc
Property Description: Prime Investor Opportunity! This versatile mixed-use building combines solid income with exceptional potential. The main level offers flexible commercial space plus an additional 600 sq. ft. rear area—ideal for storage, office use, or a boutique-style rental. Recent improvements include a newer roof, refreshed mechanicals, and an upgraded electrical panel, paving the way for an easy conversion to another residential unit. Upstairs, two bright and spacious 1 bed/1 bath apartments bring in $825/month combined, contributing to a total property income of $2,625/month. A strong earner with room to elevate even further—perfect for the savvy investor.
Income/Expenses
Gross Income: 2625
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
1 Bedroom
1 Bedroom # of Units: 2
Construction
Brick: 1
Heat Fuel
Gas: 1
Sewer
Public Sewer: 1
Other
Other # of Units: 2
Miscellaneous
Basement: 1
Alternate Uses
Commercial: 1
Office: 1
Residential: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Air Conditioning
Central Air: 1
Owner Pays
Gas: 1
Sewer: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 190000
List Price: $175,000
Property Sub Type: Mixed Use
Street #: 645
Street Name: Indiana
Street Suffix: Avenue
County: Marion
State: OH
Zip Code: 43302
School District: MARION CSD 5102 MAR CO.
Township: Marion
OfficeContract Info
Status: Active
MLS Entry Date: 2025-12-12
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Gas; Sewer; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Sewer: Public Sewer
Miscellaneous: Basement
Alternate Uses: Commercial; Office; Residential
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Red 1 Realty
Listing Agent:
Brent J Merriman
Last Updated: February - 11 - 2026
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