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    Property profile & analytics
    OFF-MARKET Estimated value $700,000
    Retail space

    1121 Baldwin Ave, Marion, IN 46952-2535

    6,791 SF 0.69 ac lot Built 2006
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US31-1561971
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $425k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $694k
    Blend (final) Blend
    $700k
    Owner & transaction history
    Kanui Ventures LLC · 1 yrs held
    Kanui Ventures LLC
    since 2025
    5 recorded transactions
    2025
    2024
    2019
    2007
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $645,000 +46.0%
    Apartment house (5+ units) $645,000 +45.8%
    Auto repair, garage $520,000 +18.0%
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