Park Forest Apartments- Investment Opportunity

For Sale

1002 N Park Forest Drive, Marion, IN 46952

This Marion property for sale is located at 1002 N Park Forest Drive. The current listed sale price for Park Forest Apartments- Investment Opportunity is $5,700,000. Park Forest Apartments- Investment Opportunity is situated on a lot that is 4.66 acre in size.

Contacts

broker

Tyler Binkley

Acadia Commercial

(260) 377-5002

Property Details

  • Property Type Multi-Family
  • Property Size 57,600 SF
  • Units 64
  • Lot Size 4.66 Acre
  • Year Built 1963
  • Date Updated Apr 25, 2024
• Park Forest Apartments are conveniently located near the corner of SR-15 and SR-9 on the NW side of Marion. • Nearby businesses include TLC Management, Atlas Foundry Company, Marion Health, Dollar Tree, Walgreens, Roses Market, Dollar General and O’Reilly Auto Parts. • Tenants have demonstrated a willingness to pay rent in a timely manner and take pride in the condition of the common area. • Apartments have been well maintained with fast work order completion rates. • Recent property upgrades include the replacement of failing gutters, fascia, and soffits as well as the replacement of all (64) electrical panels.• Park Forest Apartments are conveniently located near the corner of SR-15 and SR-9 on the NW side of Marion. • Nearby businesses include TLC Management, Atlas Foundry Company, Marion Health, Dollar Tree, Walgreens, Roses Market, Dollar General and O’Reilly Auto Parts. • Tenants have demonstrated a willingness to pay rent in a timely manner and take pride in the condition of the common area. • Apartments have been well maintained with fast work order completion rates. • Recent property upgrades include the replacement of failing gutters, fascia, and soffits as well as the replacement of all (64) electrical panels.

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Attachments

Getting around

  • 61/100

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  • 46/100

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Location

  • City Marion, IN
  • Zip Code 46952

Points of Interest

  • Speedway

    0.24 miles

  • Casey's General Store

    0.25 miles

  • Marathon

    0.78 miles

  • Marathon

    1.51 miles

  • Speedway

    2.09 miles

  • Meijers

    3.67 miles

  • Clark

    3.73 miles

  • Speedway

    4.34 miles

  • BP

    4.55 miles

  • BP

    6.77 miles

  • Sweetser Switch Trail trailhead

    3.77 miles

  • Five Points Mall

    0.23 miles

  • ALDI

    2.29 miles

  • Walmart Supercenter

    3.18 miles

  • Meijer

    3.76 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Tyler Binkley

Acadia Commercial

(260) 377-5002