702 Baldwin AveMarion, IN 46953

Property Details for 702 Baldwin Ave

Year built

1956

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

1,349 SF

Property type

Retail properties

Property subtype

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

Latitude

40.5663

Longitude

-85.6755

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.