Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Retail/Office Space Available Title is generated by Realmo AI

    304 S Baldwin Ave Unit 306, Marion, IN 46052

    View on Map
    For Lease
    $2,500/Mo $15 SF/Yr (calc)

    Retail Space On Bypass

    Property size:
    2,000 SF - 2,500 SF
    Lease type:
    NNN
    Added:
    Dec 4, 2025
    Days on Market:
    186
    Last Refresh:
    Dec 4 at 8:52 pm

    Property Features for 304 S Baldwin Ave Unit 306

    General Information

    Standard status
    Active
    Property type
    Retail properties & Spaces, Office Spaces, Medical space
    Size
    2,000 SF - 2,500 SF
    Class
    B
    Total Parking Spaces
    20
    Elevators
    No
    Lease Type
    NNN Lease
    Lease Term
    Flexible
    Rate Type
    Monthly

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Jonah Hartsburg
    Jonah Hartsburg

    Listing agent Jonah

    Listing office

    Listing date Dec 4, 2025

    Overview

    This versatile office space, approximately 2,000 sq. ft., is available within a three-unit retail building. The main level features a welcoming waiting area, reception desk, public restroom, hallway restroom, and multiple sinks from its prior dental office use. An open workspace is adaptable to a variety of professional or medical uses. The upper level includes a 1-bedroom apartment that could serve as additional office, storage, or breakroom space, complete with a kitchen, full bathroom, and living/dining area. The property is equipped with dual central cooling and forced-air systems and a paved asphalt parking lot. It offers strong visibility just off the Marion bypass with excellent road frontage. Lease terms are offered as a triple net lease with a one-year minimum.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stoffel Joel Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -86.4591
    Latitude
    40.0478

    Nearby Similar for Lease

    • $1,375/Mo
      1,758 SF

      Marion Office Space For Rent

      Well-maintained office space with bypass frontage in Marion, Indiana.
      1125 N Baldwin Avenue, Marion, IN 46952
      View Details
    • $3,000/Mo
      4,600 SF

      Mixed-Use Property in Marion, Indiana

      Mixed-use property with office spaces available for lease in Marion.
      3742 S WESTERN Avenue, Marion, IN 46953
      View Details
    • $14 SF/Yr
      2,046 SF

      Retail Space on South Western

      Retail space with high visibility and solid traffic counts.
      3016 S Western Ave, Marion, IN
      View Details
    • $6 SF/Yr
      15,660 SF

      Industrial Flex Space For Lease

      Turnkey industrial flex space with warehouse and office areas.
      1804 W 2nd St, Marion, IN
      View Details
    • $10 SF/Yr
      814 SF

      Waterfront Office Park Office Space

      Multi-tenant building in Marion's historic Riverwalk District.
      321-325 East 2nd Street, Marion, IN
      View Details
    • Contact for pricing

      Shadow-Anchored Retail Plaza

      Retail center on Marion’s primary corridor, shadow-anchored by Walmart and supported by established national tenants.
      3156 South Western Ave, Marion, IN 46953
      View Details
    • Contact for pricing
      672 SF

      Drive-Thru Restaurant Opportunity

      672 SF retail space with drive-thru potential for lease.
      702 S Baldwin Ave, Marion, IN
      View Details
    • $16 SF/Yr
      4,800 SF

      Retail Space Available For Lease

      Retail space available for lease, totaling 4,800 square feet.
      3164 S Western Ave, Marion, IN
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Walmart Center

      Retail spaces available within a Walmart shadow center.
      3304-3318 S Western Ave, Marion, IN
      View Details
    • Contact for pricing
      1,725 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center with high traffic.
      3248 S Western Ave, Marion, IN
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial space available for lease.
      4012 S Western Ave, Marion, IN 46953
      View Details
    • $9 SF/Yr
      27,925 SF

      Retail Space at Five Points Mall

      Prime retail space available in Marion, Indiana's Five Points Mall.
      1128 N Baldwin Ave, Marion, IN 46952
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail Space On Bypass
    Where is this retail property located?
    The property is located at 304 S Baldwin Ave Unit 306 Marion, IN.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    (317) 300-4688
    We can help!
    Listing Contact
    Jonah Hartsburg
    Jonah Hartsburg
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    304 S Baldwin Ave, Unit 306, Marion, IN 46052
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!