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Property profile & analytics

1138 Independence Ave Marion, OH 43302

  • Office Properties & Spaces
  • 0.86 lot acres
Value Estimation
Location Intelligence
Property ID
US66-3123873
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

  • Dr. Ronald Dorbish / Neurosurgeon
  • Crowell Robert R MD / Orthopedic Surgeon
  • Robert Raymond Crowell, MD / Orthopedic Surgeon / Surgeon
  • Yeshwant Patlolla Reddy, MD / Pain Management Physician
  • Alex Perchuk, MD / Neurologist

Property Details for 1138 Independence Ave

Year built
1989
Construction
BRICK
Lot size
0.86 lot acres
Property type
Office Properties & Spaces
APN
12-341010.1202
APU
123410101202

Description

This exceptional 3,146 square foot medical office building presents a compelling investment opportunity in a prime Marion, Ohio location. Situated in close proximity to Marion General Hospital and US Route 23, this property benefits from high visibility and convenient access for patients and staff. The building is part of a fully occupied medical complex, ensuring a stable and consistent income stream. The property boasts ample parking, a significant advantage in a high-traffic medical area. The building itself is well-maintained, minimizing immediate capital expenditure needs for the new owner. Given its location within an established medical complex and its proximity to a major hospital and highway, this property is ideally suited for continued operation as a medical office building, offering a strong return on investment. The building's current occupancy status within a 100% occupied complex further enhances its appeal to investors seeking a low-risk, high-reward opportunity. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving medical market. The property is classified as general commercial and is offered at $420,000. Serious inquiries are encouraged.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $255,000
  • CAP approach

    CAP return
    Estimation
    6%
    $265,000
    6.5%
    $265,000
    7%
    $240,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $275,000
    Geo Method
    $275,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $285,000
    Retail
    $295,000
    Mixed-Use
    $260,000
    Hospitality
    $275,000
    Educational
    $255,000
    Residential Income
    $240,000
    Energy
    $270,000
    Income-Based Land
    $225,000
    Food Service
    $230,000

Location Insight

  • Map
  • Local Demand
City
Marion
County
Marion
State
Ohio
Longitude
-83.1282
Latitude
40.5693
CBSA code
32020
CBSA name
MARION, OH 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
$4,568
$3,580
$95,100
$98,680
-
$10,230
$271,710
$281,940
More about this property
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