Building Details

Year Built 1979

Listing Agency: F.C. Tucker Realty Center

Listed By: Kim Alexander Show Phone

Source: Callcriswell

Added: Jul 12 Changed: Oct 7 Last Checked: Oct 7 at 1:38PM

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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 F.C. Tucker Realty Center

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Investment Insights

Based on property information with market context.

314 N Baldwin Avenue offers approximately 950+ square feet of highly adaptable storefront and office-style space suited for a tenant or owner who wants to shape the interior to fit their concept. The property is described as a blank canvas and does need some work, creating an opportunity to customize the layout while upgrading the space to match specific requirements.

Located on a high-visibility Marion corridor with excellent traffic flow, the building is positioned for consistent drive-by exposure. The property is being offered for sale or lease, with a versatile configuration that can accommodate a range of retail, boutique office, or specialized services uses, subject to final scope and approvals.

Key Highlights

• Approximately 950+ SF flexible commercial space with a versatile layout
• Suitable for multiple uses such as retail, a boutique office, or specialized services
• High‑visibility Marion corridor location with strong traffic flow

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,020

Cap Rate

6.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,400 $180.4K

Cap Rate 7%

$128,857 $128.9K

Cap Rate 9%

$100,222 $100.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 960 SF

Gross rent

$13.5K $14.04/SF

− Vacancy

−$593 −$0.62/SF

EGI

$12.9K $13.42/SF

− OpEx

−$3.9K −$4.03/SF

NOI

$9.0K $9.40/SF

Area

Grant County, IN

Vacancy

4.40%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,400

Cap Rate 7%

$128,857

Cap Rate 9%

$100,222

Alternative Uses

Best Use

Retail

$128.9K

$112.8K – $150.3K (±1% cap)

NOI $9,020 @ 7.0% cap · market cap 6.68%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$186.4K

$163.1K – $217.5K (±1% cap)

NOI $13,051 @ 7.0% cap · market cap 9.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Kitchen & Bath Showroom Parking Lot & Garage Furniture & Home Goods Plumbing Service Accounting Firm Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

520

Businesses Nearby

59k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 79% Shops & Services 18% Hotels & Casinos 3%

Taco Bell Dining

11,597 visits/mo 0.4 miles

Dunkin' Donuts Dining

9,523 visits/mo 0.4 miles

Arby's Dining

8,717 visits/mo 0.4 miles

Rally's Dining

7,514 visits/mo 0.2 miles

Circle K Shops & Services

7,319 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Flexible commercial suite on a high-visibility Marion corridor with strong traffic flow and space that needs interior work.

Where is this storefront property located?

The property is located at 314 N Baldwin Ave Marion, IN.

What is the asking price?

The asking price for this property is $135,000.

What are key features of this property?

This property features: Approximately 950+ SF flexible commercial space with a versatile layout; Suitable for multiple uses such as retail, a boutique office, or specialized services; High‑visibility Marion corridor location with strong traffic flow