1138 Independence AveMarion, OH 43302

Property Details for 1138 Independence Ave

Year built

1989

Construction

BRICK

Lot size

0.86 AC

Property type

Office properties

Property subtype

Other office properties

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,194,015

  6.5%

  $4,794,476

  7%

  $4,452,013

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,508,218

  Geo Method

  $3,508,218

• Alternative Use

  Use

  Valuation

  Residential

  $5,945,150

  Hospitality

  $5,445,725

  Educational

  $4,530,779

  Medical

  $4,686,600

  Retail

  $7,047,878

Location Insight

City

Marion

County

Marion

State

Ohio

Latitude

40.5693

Longitude

-83.1282

CBSA code

32020

CBSA name

MARION, OH 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.