1240 AdamsMarion, IN 46953

Property Details for 1240 Adams

Year built

1956

Construction

CONCRETE

Lot size

4.28 AC

Property size (Sq ft)

31,656 SF

Property type

Office properties

Property subtype

Other office properties

APN

27-07-07-101-089.000-002

APU

270707101089000002

• CAP approach

  CAP return

  Valuation

  6%

  $4,969,082

  6.5%

  $4,586,844

  7%

  $4,259,213

• Comparable approach

  Method

  Valuation

  Method 1

  $2,759,325

  Method 2

  $3,931,359

• Alternative Use

  Use

  Valuation

  Residential

  $5,687,687

  Hospitality

  $5,209,891

  Educational

  $4,334,568

  Medical

  $4,483,640

  Retail

  $6,742,662

Location Insight

City

Marion

County

Grant

State

Indiana

Latitude

40.5497

Longitude

-85.6592

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed Improved Value
  $1,014,000
• Assessed land value
  $191,000
• Assessed value
  $1,205,000
• Tax year
  2023

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