1836 Likens RdMarion, OH 43302

  • Industrial properties
  • 10.39 AC
For Lease
$2/SF/YR View listing

Property Details for 1836 Likens Rd

Year built
1940
Construction
CONCRETE BLOCKS
Lot size
10.39 AC
Property type
Industrial properties
Property subtype
Other 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.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $92,113,896
    Hospitality
    $84,375,832
    Educational
    $70,199,704
    Medical
    $72,613,984
    Retail
    $109,199,544
1836 Likens Rd, Marion, Ohio
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Location Insight

City
Marion
County
Marion
State
Ohio
Latitude
40.6307
Longitude
-83.0833
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
$16,212
$15,690
$273,690
$289,380
-
$44,830
$781,970
$826,800

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