1121 Baldwin Ave Marion, IN 46952-2535
Property profile & analytics
1121 Baldwin Ave Marion, IN 46952-2535
- Retail space
- 6,791 SF
- 0.69 lot acres
Property ID
US31-1561971
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 1121 Baldwin Ave
- Year built
- 2006
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.69 lot acres
- Property size
- 6,791 SF
- Property type
- Retail space
- APN
- 27-03-36-401-033.000-023
- APU
- 270336401033000023
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $425,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $694,000
Market price range: $221k - $694k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $440,000 Current use
- RESTAURANT
- $645,000 Change: +46% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $645,000 Change: +46% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $520,000 Change: +18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Grant
- State
- Indiana
- Longitude
- -85.6765
- Latitude
- 40.5719
- CBSA code
- 31980
- CBSA name
- MARION, IN 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
$19,548
$410,500
$241,100
$651,600
-
$410,500
$241,100
$651,600
