1836 Likens Rd Marion, OH 43302
- Industrial properties
- 10.39 lot acres
Current Use by Public Records
- Marcy Industries Company, LLC / Manufacturer
- Marion Goodwill Industries - Warehouse / Warehouse
- EE Johnson / Garden Center
- Johnson Property Services / Landscaper
Property Details for 1836 Likens Rd
- Year built
- 1940
- Construction
- CONCRETE BLOCKS
- Lot size
- 10.39 lot acres
- Property type
- Industrial properties
- APN
- 20-001000.8601
- APU
- 200010008601
Description
This exceptional 140,000-square-foot industrial complex, situated on 10.4 acres in Marion's North Central Ohio submarket, offers unparalleled flexibility. Eight buildings, six interconnected by wide corridors, provide space ranging from 2,000 to 36,000 contiguous square feet, with a maximum of 134,000 square feet available. The property boasts a Class A rating, 30-foot ceilings, 14 loading docks (10 dock-high doors), 13 drive-ins, and 100 parking spaces. Built in 1942 and extensively renovated in 2002, the complex features heavy power (3500 amps, 3-phase, 480v), high-pressure natural gas, and ample water supply (well & municipal). Recent improvements include fiber-optic internet, roof repairs, truck dock upgrades, stormwater drainage improvements, expanded parking, LED lighting upgrades, natural gas line expansion, radiant heat additions, and landscaping enhancements. The property's strategic location provides easy access to major transportation routes and key markets, including Columbus, Detroit, and Chicago. Zoned industrial, this versatile space is ideal for a wide range of uses, including agricultural, contracting, distribution, fulfillment, inventory management, logistics, manufacturing, R&D, storage, and warehousing. Lease rates include property expenses and common area maintenance (CAM); utilities are separately metered. The on-site CAM is managed by a tenant. 900 feet of frontage on Likens Road, with cross access on Pole Lane Road.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,055,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,150,000
- 6.5%
- $1,310,000
- 7%
- $1,185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,200,000
- Geo Method
- $1,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,105,000
- Retail
- $1,105,000
- Mixed-Use
- $1,195,000
- Hospitality
- $1,220,000
- Educational
- $1,290,000
- Residential Income
- $1,335,000
- Energy
- $1,470,000
- Income-Based Land
- $1,170,000
- Food Service
- $1,125,000
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Marion
- State
- Ohio
- Longitude
- -83.0833
- Latitude
- 40.6307
- CBSA code
- 32020
- CBSA name
- MARION, OH MICROPOLITAN STATISTICAL AREA
