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    702 Baldwin Ave Marion, IN 46953

    Sponsored
    For Sale
    $234,000

    Fee simple, 672 SF auto shop, strong NOI.

    Property size:
    672 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee simple interest in a 672-square-foot auto shop located at 702 S Baldwin Ave, Marion, IN 46953. The property, built in 1977 and situated on a 0.25-acre lot, boasts 17 parking spaces and benefits from a General Commercial zoning designation. Currently operating under an Absolute NNN lease with a strong national tenant, the property offers a significant return on investment. The lease commenced on August 1, 2022, and expires on July 31, 2027, leaving approximately 2.7 years remaining on the current term. The property enjoys 100% occupancy, generating a Net Operating Income (NOI) of $23,400, representing a 10.00% capitalization rate. The asking price is $234,000, translating to $348.21 per square foot. This prime location along a heavily traveled arterial thoroughfare within a dense retail corridor and residential area provides excellent visibility and access to a substantial consumer base. The property's strong demographics within a 5-mile radius further enhance its investment appeal. The property's APN is 27-06-01-404-108.000-008. This is a rare opportunity to acquire a well-performing, low-maintenance commercial property with significant upside potential. The zero landlord responsibilities inherent in the Absolute NNN lease structure make this an ideal investment for passive income seekers.

    Property Features for 702 Baldwin Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    672 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1977

    HighLights

    • Over 4 years remaining on the lease term.
    • Absolute NNN lease; fee simple ownership; no landlord responsibilities.
    • High‑traffic arterial road location in a dense retail corridor with strong national credit tenants.
    • Dense residential population and strong demographics within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    K&E Automotive Recycling ... Auto Repair Shop Immaculate Auto Detailing Car Wash Hawk motors Used Car Dealer Simmons Autos Car Dealer

    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
    Grant
    State
    Indiana
    Longitude
    -85.6760133
    Latitude
    40.5543675

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    FAQs

    What type of property is this?
    Automotive property - Fee simple, 672 SF auto shop, strong NOI.
    Where is this automotive property located?
    The property is located at 702 Baldwin Ave Marion, IN.
    What is the asking price?
    The asking price for this property is $234,000.
    What are key features of this property?
    This property features: Over 4 years remaining on the lease term.; Absolute NNN lease; fee simple ownership; no landlord responsibilities.; High-traffic arterial road location in a dense retail corridor with strong national credit tenants.
    Request Owner's contact information
    702 Baldwin Ave Marion, IN 46953
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    Marion, IN 46953
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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
    702 Baldwin Ave Marion, IN 46953
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