Property summary
This exceptional 6,888-square-foot freestanding retail building presents a compelling value-add investment opportunity in Marion, Indiana. Located on a 0.69-acre lot at 1121 N Baldwin Ave, this vacant property boasts multiple points of ingress and egress, ensuring high visibility and accessibility. Built in 2006, the building previously housed an Advance Auto Parts and benefits from its prominent outlot position adjacent to the Five Points Mall. The property's strategic location along Marion's main retail corridor places it amidst a thriving commercial landscape, with nearby national retailers including Planet Fitness, Buffalo Wild Wings, Subway, Ruler Foods, and McDonald's. The area also enjoys the presence of Indiana Wesleyan University, contributing to a robust and diverse customer base. The asking price is $650,000, translating to a price per square foot of $94.37. This fee-simple ownership opportunity offers significant potential for redevelopment or lease to a variety of tenants, including banks, quick-service restaurants, or other retail businesses. The property's open retail box design provides flexibility for customization and tenant improvements. The property's APN is 27-03-36-401-033.000-023. This is a rare chance to acquire a well-situated retail property in a growing market.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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