1121 Baldwin AveMarion, IN 46952

Property Details for 1121 Baldwin Ave

Year built

2006

Construction

TYPE NOT SPECIFIED

Lot size

0.69 AC

Property size (Sq ft)

6,791 SF

Property type

Retail space

APN

27-03-36-401-033.000-023

APU

270336401033000023

Description

This exceptional 6,888-square-foot freestanding retail building presents a compelling value-add investment opportunity in Marion, Indiana. Located on a 0.69-acre lot at 1121 N Baldwin Ave, this vacant property boasts multiple points of ingress and egress, ensuring high visibility and accessibility. Built in 2006, the building previously housed an Advance Auto Parts and benefits from its prominent outlot position adjacent to the Five Points Mall. The property's strategic location along Marion's main retail corridor places it amidst a thriving commercial landscape, with nearby national retailers including Planet Fitness, Buffalo Wild Wings, Subway, Ruler Foods, and McDonald's. The area also enjoys the presence of Indiana Wesleyan University, contributing to a robust and diverse customer base. The asking price is $650,000, translating to a price per square foot of $94.37. This fee-simple ownership opportunity offers significant potential for redevelopment or lease to a variety of tenants, including banks, quick-service restaurants, or other retail businesses. The property's open retail box design provides flexibility for customization and tenant improvements. The property's APN is 27-03-36-401-033.000-023. This is a rare chance to acquire a well-situated retail property in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,793,326

  6.5%

  $1,655,378

  7%

  $1,537,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,491,461

  Geo Method

  $2,125,303

• Alternative Use

  Use

  Valuation

  Residential

  $1,396,373

  Hospitality

  $1,279,070

  Educational

  $1,064,172

  Medical

  $1,100,770

  Retail

  $1,655,378

Location Insight

City

Marion

County

Grant

State

Indiana

Latitude

40.5719

Longitude

-85.6765

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].