Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1012 Baldwin Ave Marion, IN 46952

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.07 Acres, 46,609 SF Potential

    Property size:
    46,609 SF

    Property Features for 1012 Baldwin Ave

    General Information

    Property type
    Land
    Square Feet
    46,609 SF
    Lot Size
    46,609 SF

    We can help!

    Listing Contact
    Dennis Worman
    Dennis Worman

    Listing Agency: Century 21 Bradley Realty,Inc. Listing Agent: Dennis Worman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1.07-acre commercial land parcel, located at 1012 N Baldwin Avenue in Marion, Indiana, presents a unique investment opportunity. The property boasts a substantial 46,609 square feet of potential development space, ideal for a variety of commercial uses. Its prime location directly in front of a hotel offers significant visibility and accessibility, making it particularly well-suited for a restaurant or other businesses that benefit from high foot traffic and convenient access. The property is zoned for commercial use (specific zoning details should be verified independently). The asking price for this strategically located land is $350,000. Given its size, location, and potential, this property represents a compelling investment opportunity in a growing Indiana market. The address is 1012 N Baldwin Avenue, Marion, IN 46952, situated in Grant County. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a significant commercial land parcel in a high-traffic area with excellent potential for future development and strong return on investment. Serious inquiries only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.6755683
    Latitude
    40.5693696

    Nearby Similar for Sale

    • $94,900
      0.20 Acres

      High Traffic Location Office Building

      Professional office building with high visibility and ample parking.
      1328 W 2Nd St, Marion, IN 46952
      View Details
    • $100,000
      0.85 Acres

      Former Church with Finished Basement

      Open concept building, formerly a church, with full finished basement.
      324 W 10Th St, Marion, IN 46953
      View Details
    • $64,900
      0.13 Acres

      Marion Duplex For Sale

      Duplex in Marion, Indiana with month-to-month tenants.
      702 W 6Th St, Marion, IN 46953
      View Details
    • Contact for pricing
      1,089 SF

      Commercial Building with Restaurant Potential

      1,089 SF commercial building suitable for restaurant or retail.
      2402 S Home Ave, Marion, IN 46953
      View Details
    • $239,900
      0.35 Acres

      Retail and Service Property

      Retail front with service area and overhead door.
      2021 S Western Ave, Marion, IN 46953
      View Details
    • $425,000
      1.16 Acres

      Marion, IN Vacant Land

      Vacant land approved for gas stations, restaurants, and hotels.
      45 S E St, Marion, IN 46953
      View Details
    • $250,000
      1.02 Acres

      Marion Restaurant Opportunity For Sale

      Restaurant opportunity in Marion, Indiana with high traffic location.
      1515 S Western Ave, Marion, IN 46953
      View Details
    • $325,000

      Retail Investment Opportunity in Marion

      Retail property with a long-term tenant and high cap rate.
      516 S Washington St, Marion, IN 46953
      View Details
    • Contact for pricing
      7,675 SF

      Restaurant Pad Site For Sale

      High-visibility restaurant pad site with strong co-tenants.
      3148 S Western Ave, Marion, IN 46953
      View Details
    • $3,524,670
      37,193 SF

      Valley View Plaza: Marion, IN

      Prime Retail Center, Value-Add Opportunity
      3156 Western Ave, Marion, IN 46953
      View Details
    • $450,000
      0.07 Acres

      Downtown Marion Commercial Building

      Five-unit building, high traffic location
      102 4Th St, Marion, IN 46952
      View Details
    • $234,000
      672 SF

      Hawk Motors: Marion, IN Auto Shop

      Fee simple, 672 SF auto shop, strong NOI.
      702 Baldwin Ave, Marion, IN 46953
      View Details

    FAQs

    What type of property is this?
    Land - 1.07 Acres, 46,609 SF Potential
    Where is this land located?
    The property is located at 1012 Baldwin Ave Marion, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 1.07-acre commercial land parcel in Marion, Indiana.; 46,609 square feet of potential development space.; Prime location directly in front of a hotel, offering high visibility and accessibility.
    (260) 403-8451 Call to check price and availability
    Request Owner's contact information
    1012 Baldwin Ave Marion, IN 46952
    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.
    1012 Baldwin Ave
    Marion, IN 46952
    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
    1012 Baldwin Ave Marion, IN 46952
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dennis Worman
    Dennis Worman
    Real Estate License ID: RB14042779
    (260) 403-8451 (260) 399-1177 (260) 489-2000
    Learn more
    Google sign-in failed. Please try again or use another login method.