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    1012 Baldwin Ave Marion, IN 46952

    • Parking lots & garages
    • 8,148 SF
    • 0.49 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Last Sale
    Aug 12, 2024
    Location Intelligence
    Property ID
    US31-1952159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 1012 Baldwin Ave

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    8,148 SF
    Property type
    Parking lots & garages
    APN
    27-03-36-404-023.000-023
    APU
    270336404023000023

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $430,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $360,000
      Mixed-Use
      $340,000
      Hospitality
      $395,000
      Educational
      $420,000
      Residential Income
      $415,000
      Energy
      $330,000
      Income-Based Land
      $420,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.6754
    Latitude
    40.5694
    CBSA code
    31980
    CBSA name
    MARION, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,505
    $81,500
    $2,000
    $83,500
    -
    $81,500
    $2,000
    $83,500

    Comparable in this City

    • Value Estimation by Request
      0.87 Acres

      Baldwin Ave

      PARKING LOT • 0.87 Acres
      Baldwin Ave, Marion, IN 46952
      View Details
    • Value Estimation by Request
      0.06 Acres

      1129 Baldwin Ave

      PARKING LOT • 0.06 Acres
      1129 Baldwin Ave, Marion, IN 46952-2562
      View Details
    • Value Estimation by Request
      0.30 Acres

      424 Bradner Ave

      PARKING LOT • 0.30 Acres
      424 Bradner Ave, Marion, IN 46952-3336
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      0.35 Acres

      508 Charles St

      PARKING LOT • 0.35 Acres
      508 Charles St, Marion, IN 46952-2276
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    • Value Estimation by Request
      0.19 Acres

      221 Washington St

      PARKING LOT • 0.19 Acres
      221 Washington St, Marion, IN 46952-2707
      View Details
    • Value Estimation
      $265,000
      0.38 Acres

      603 Baldwin Ave

      PARKING LOT • 0.38 Acres
      603 Baldwin Ave, Marion, IN 46952-3461
      View Details

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      Land Available in Marion, Indiana

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    1012 Baldwin Ave
    Marion, IN 46952
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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
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