Park Forest Apartments- Investment Opportunity

1002 N Park Forest Drive, Marion, IN 46952

  • For Sale $5,700,000
  • 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

Contacts

broker

Tyler Binkley

Acadia Commercial

(260) 377-5002

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable

  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • McDonald's

    0.25 miles

  • Arby's

    0.48 miles

  • Taco Bell

    0.59 miles

  • McDonald's

    2.26 miles

  • Culver's

    2.51 miles

  • Hardee's

    3.73 miles

  • Arby's

    6.79 miles

  • McDonald's

    7.03 miles

  • Taco Bell

    9.38 miles

  • Burger King

    9.65 miles

  • John W Kendall Elementary School

    0.55 miles

  • Bennett School

    0.56 miles

  • Riverview Elementary School

    0.93 miles

  • Franklin School

    1.16 miles

  • Highland School

    1.26 miles

  • Mann School

    1.39 miles

  • Martin Boots Elementary School

    1.40 miles

  • Grant School

    1.46 miles

  • Washington Elementary School

    1.49 miles

  • Lincoln Elementary School

    1.61 miles

Frequently Asked Questions

What is the lease rate for Park Forest Apartments- Investment Opportunity?

Rental asking rate at Park Forest Apartments- Investment Opportunity is $2,850,000.00/YR.

What is the total square footage of Park Forest Apartments- Investment Opportunity?

Park Forest Apartments- Investment Opportunity totals 57,600 square feet.

When was this property built?

Park Forest Apartments- Investment Opportunity was built in 1963.

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Contact Listing Broker

broker

Tyler Binkley

Acadia Commercial

(260) 377-5002