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402 S Washington Street

Marion, IN 46953

ActiveListed Apr 16, 2026 · 2 days on market

Key facts

Living area
75,000 sqft
Lot
1.25 acres
Year built
1917
Type
Commercial Sale · Mixed Use
MLS #
22095910
County
Grant
Total building area
75,000 sqft

About this home

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.

Description provided by the listing brokerage.

Interior

Security
Fire AlarmKey Card EntrySecurity LightsSmoke Detector(s)

Exterior

Roof
Rubber

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Utilities
Cable ConnectedElectricity ConnectedNatural Gas ConnectedWater Connected

Lot and HOA

Zoning
Central Core

Schools

Elementary school
Frances Slocum Elem School
Middle school
John L McCulloch Junior High Sch
High school
Marion High School
School district
Marion Community Schools

Taxes

Estimated annual tax
$6,648 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$43,680per month, estimated
Principal and interest $40,326Property tax $554Insurance $2,800
20% · $1,600,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$8,000,000
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