1012 Baldwin AveMarion, IN 46952

Property Details for 1012 Baldwin Ave

Year built

1990

Construction

WOOD

Lot size

0.49 AC

Property size (Sq ft)

8,148 SF

Property type

Parking lots & garages

APN

27-03-36-404-023.000-023

APU

270336404023000023

Description

This exceptional 1.07-acre commercial land parcel, located at 1012 N Baldwin Avenue in Marion, Indiana, presents a unique investment opportunity. The property boasts a substantial 46,609 square feet of potential development space, ideal for a variety of commercial uses. Its prime location directly in front of a hotel offers significant visibility and accessibility, making it particularly well-suited for a restaurant or other businesses that benefit from high foot traffic and convenient access. The property is zoned for commercial use (specific zoning details should be verified independently). The asking price for this strategically located land is $350,000. Given its size, location, and potential, this property represents a compelling investment opportunity in a growing Indiana market. The address is 1012 N Baldwin Avenue, Marion, IN 46952, situated in Grant County. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a significant commercial land parcel in a high-traffic area with excellent potential for future development and strong return on investment. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,151,417

  6.5%

  $1,985,924

  7%

  $1,844,072

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,789,542

  Geo Method

  $2,549,988

• Alternative Use

  Use

  Valuation

  Residential

  $1,675,201

  Hospitality

  $1,534,475

  Educational

  $1,276,665

  Medical

  $1,320,572

  Retail

  $1,985,924

Location Insight

City

Marion

County

Grant

State

Indiana

Latitude

40.5694

Longitude

-85.6754

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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