Medical Office Suite with Upper-Level
For Sale
Contact for pricing
306 S Baldwin Avenue, Marion, IN 46952
Plumbing infrastructure and two restrooms support professional, medical, or service-oriented occupancy.
Property Size2,425 SF
Price / SF$8.66
Days on Market15
Property Features for 306 S Baldwin Avenue
General Information
Standard status
Active
Size
2,425 SF
Property subtype
Commercial
Additional Details
Floor
Main and Upper
Office Units
3
Property Use
Office
Building Details
Year Built
1995
Buildings
1
Stories
2
Listing Agency:
Hoosier Hub Realty LLC
Listed By:
Jonah Hartsburg · License #RB19001065
(812) 221-1254
Source:
Jmrealtyonline
Added: Oct 21
Changed: Nov 3
Last Checked: Nov 3 at 8:02AM
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 Hoosier Hub Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office suite encompasses approximately 2,425 square feet within a three-unit commercial building constructed in 1995. The main floor has a reception area, waiting space, two restrooms, and multiple sinks and plumbing points. Above, a separate apartment-style layout includes a kitchen, full bathroom, bedroom, and living/dining area; it can also function as office, storage, or staff space. The property has dual central cooling and forced-air systems, along with paved parking.
At 306 S Baldwin Avenue in Marion, the building fronts the Marion bypass. The full suite is offered for sale, with the described main-level and upper-level spaces providing distinct areas for business operations and support functions.
At 306 S Baldwin Avenue in Marion, the building fronts the Marion bypass. The full suite is offered for sale, with the described main-level and upper-level spaces providing distinct areas for business operations and support functions.
Key Highlights
- Approximately 2,425 square feet in a three‑unit commercial building
- Main floor includes reception and waiting areas, two restrooms, and multiple plumbing points
- Upper floor has a kitchen, full bathroom, bedroom, and living/dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,045
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,900
$440.9K
Cap Rate 7%
$314,929
$314.9K
Cap Rate 9%
$244,944
$244.9K
Market Conditions
NOI Build-Up for 2,425 SF
Gross rent
$37.5K $15.48/SF
− Vacancy
−$8.1K −$3.36/SF
EGI
$29.4K $12.12/SF
− OpEx
−$7.3K −$3.03/SF
NOI
$22.0K $9.09/SF
Area
Grant County, IN
Vacancy
21.70%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,900
Cap Rate 7%
$314,929
Cap Rate 9%
$244,944
Alternative Uses
Best Use
Healthcare Medical
$324.1K
$283.6K – $378.1K
NOI $22,686 @ 7.0% cap · market cap 108.03%
Second Best
Office B
$314.9K
$275.6K – $367.4K
NOI $22,045 @ 7.0% cap · market cap 104.98%
Theoretical Best
Specialty Retail
$470.9K
$412.1K – $549.4K
NOI $32,966 @ 7.0% cap · market cap 156.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46952, IN
18,996
Population
8,832
Households
2.2
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
105.5 sq mi
ZIP Area
180
Density / Sq Mi
$53,481
Median Household Income
$39,246
Median Earnings
$785
Median Rent
$129,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Comfort Veterinary Hospital — 2038 W 2nd St, Marion, IN 46952
Frequently Asked Questions
What type of property is this?
Medical Office Space - Plumbing infrastructure and two restrooms support professional, medical, or service-oriented occupancy.
Where is this medical office space located?
The property is located at 306 S Baldwin Avenue Marion, IN.
What are key features of this property?
This property features: Approximately 2,425 square feet in a three‑unit commercial building; Main floor includes reception and waiting areas, two restrooms, and multiple plumbing points; Upper floor has a kitchen, full bathroom, bedroom, and living/dining area
