702 Baldwin Ave Marion, IN 46953

Property Details for 702 Baldwin Ave

Year built

1956

Construction

WOOD

Lot size

0.21 lot acres

Property size

1,349 SF

Property type

Auto shops

APN

27-06-01-101-063.000-008

APU

270601101063000008

Description

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.

Location Insight

City

Marion

County

Grant

State

Indiana

Longitude

-85.6755

Latitude

40.5663

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments