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    1559-1677 Marion Mount Gilead Rd Marion, OH 43302

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, Multiple Units Available

    Lot size:
    161,573 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Forum Shopping Center I & II, located at 1559-1677 Marion Mount Gilead Road in Marion, Ohio (zip code 43302), presents a significant retail investment opportunity. This established strip and community center boasts a total of 161,573 square feet across four suites, situated on a generous 16.27-acre lot. Built in 1976 and zoned B2, the property offers flexible space options, with a minimum divisible unit size of 900 square feet and a maximum contiguous space of 13,627 square feet. Currently, there are 16,877 square feet of vacant space available, providing immediate opportunities for expansion or new tenancy. The property's location in Marion County, Ohio, offers excellent visibility and accessibility for businesses seeking a strong presence in the local market. This is an exceptional chance to acquire a well-established retail center with significant potential for growth and return on investment. The property's size and layout offer versatility for a variety of retail uses. Interested parties should note the property's substantial size and the availability of multiple units.

    Property Features for 1559-1677 Marion Mount Gilead Rd

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    161,573 SF

    Building Details

    Year Built
    1976

    Unit(s) available at that property

    Space
    1563 Marion Mount Gilead Road
    Size
    13,627 SF
    Space
    1623 Marion Mount Gilead Road
    Size
    1,150 SF
    Space
    1597 Marion Mount Gilead Road
    Size
    1,200 SF
    Space
    1605 Marion Mount Gilead Road
    Size
    900 SF

    HighLights

    • High‑traffic retail location on Marion‑Mt. Gilead Rd. (State Route 95), Marion's main retail corridor.
    • Strong demographics: adjacent to Ohio State University‑Marion and Marion Technical College, with a combined 4,200 students.
    • High visibility and accessibility: State Route 95 boasts 30,000+ vehicles per day (VPD).
    • Convenient access to regional markets via US Route 23.
    Property Profile Location Intelligence

    Current Use by Public Records

    Community centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.0870315
    Latitude
    40.5807033

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    FAQs

    What type of property is this?
    Community center - Prime Retail Space, Multiple Units Available
    Where is this community center located?
    The property is located at 1559-1677 Marion Mount Gilead Rd Marion, OH.
    What are key features of this property?
    This property features: High-traffic retail location on Marion-Mt. Gilead Rd. (State Route 95), Marion's main retail corridor.; Strong demographics: adjacent to Ohio State University-Marion and Marion Technical College, with a combined 4,200 students.; High visibility and accessibility: State Route 95 boasts 30,000+ vehicles per day (VPD).
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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
    1559-1677 Marion Mount Gilead Rd Marion, OH 43302
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