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    1138 Independence Ave Marion, OH 43302

    Sponsored
    For Sale
    $450,000

    3,197 SF Medical Office - $450K

    Property size:
    3,197 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,197 square foot medical office building presents a compelling investment opportunity in Marion, Ohio. Located at 1138 Independence Avenue, this property boasts a prime location, offering immediate proximity to Marion General Hospital and situated within a fully occupied medical complex. Built in 1989, the building is well-maintained and features ample parking for patients and staff. The asking price is $450,000, translating to a price per square foot of $140.76. The substantial lot size of 37,461.6 square feet provides significant potential for future expansion or development. The entire 3,197 square feet is net rentable, maximizing the return on investment. This property's strategic location within a thriving medical complex, coupled with its excellent condition and ample parking, makes it an ideal investment for those seeking a stable and high-demand asset in a growing healthcare market. The property's proximity to State Route 23 ensures easy accessibility for patients and staff. This is a rare opportunity to acquire a well-established medical office building in a highly desirable location. All 3,197 square feet are currently available.

    Property Features for 1138 Independence Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    3,197 SF

    Building Details

    Year Built
    1989

    HighLights

    • $450,000 asking price.
    • 3,197 square foot Special Purpose property.
    • $140.76 per square foot.
    • 1989 construction.
    • 37,461.6 square foot lot.
    • Prime Marion, OH location near Marion General Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Ronald Dorbish Neurosurgeon Crowell Robert R ... Orthopedic Surgeon Robert Raymond Crowell, ... Orthopedic Surgeon Yeshwant Patlolla Reddy, ... Pain Management Physician Alex Perchuk, MD Neurologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.1279926
    Latitude
    40.5693489

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    FAQs

    What type of property is this?
    Specialty property - 3,197 SF Medical Office - $450K
    Where is this specialty property located?
    The property is located at 1138 Independence Ave Marion, OH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; 3,197 square foot Special Purpose property.; $140.76 per square foot.
    Request Owner's contact information
    1138 Independence Ave Marion, OH 43302
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    Realmo Value Estimation

    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.

    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.

    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
    1138 Independence Ave Marion, OH 43302
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