1559-1677 Marion Mount Gilead Road Marion, OH 43302
Multi-tenant power center offers 91% occupancy with national retail and service co-tenants.
Property Features for 1559-1677 Marion Mount Gilead Road
General Information
- Standard status
- Active
- Size
- 162,473 SF
- Property subtype
- Retail - Community Center
Building Details
- Year Built
- 1976
Listing office The Gilbert Group
Listing date Jul 13, 2026
Source Commercialcafe
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of The Gilbert Group
Investment Insights
Based on property information with market context.
Located on the south side of Marion-Mt. Gilead Rd., just west of the intersection with State Route 23, the center sits on Marion, Ohio’s main retail corridor servicing the area. Marion-Mt. Gilead Rd. is identified as State Route 95.
Tenant co-tenants named in the offering include Big Lots!, Harbor Freight Tools, Buffalo Wild Wings, Panera Bread, Popeye's Louisiana Chicken, Verizon, and Goodwill.
Key Highlights
- 162,473 SF multi‑tenant power shopping center in Marion, Ohio
- 91% occupied retail center with multiple national retail/service co‑tenants
- National tenants listed include Big Lots!, Harbor Freight Tools, Buffalo Wild Wings, Panera Bread, Popeye's, Verizon, and Goodwill
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $939.1k | $5.78 |
| − Vacancy | −$33.6k | −$0.21 |
| EGI | $905.5k | $5.57 |
| − OpEx | −$271.6k | −$1.67 |
| NOI | $633.8k | $3.90 |
Alternative Uses
Property Analytics
Current Use by Public Records
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