Property profile

1121 Baldwin Ave Marion, IN 46952

OFF-MARKET
Retail space
Property ID
US31-1561971
6,791 SF 0.69 ac lot Built 2006
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 6,791 SF
Lot 0.69 ac (30,056 SF)
APN 27-03-36-401-033.000-023
UPID US31-1561971

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1121 Baldwin Ave Marion, IN 46952-2535
Marion metro Census 600 MARION, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
$694k
Blend (final) Blend
$425k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2024
Price N/A
2019
Price N/A
2007
Price N/A
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $645,000 +46.0%
Apartment house (5+ units) $645,000 +45.8%
Auto repair, garage $520,000 +18.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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