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    Property profile & analytics

    1615 Baldwin Ave Marion, IN 46952-1436

    • Hotels
    • 19,586 SF
    • 4.80 lot acres
    OFF-MARKET
    Value Estimation
    $670,000
    Last Sale
    Dec 21, 2021
    Location Intelligence
    Property ID
    US31-2241882
    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.

    Current Use by Public Records

    • Red Roof Inn Marion, IN / Hotel / Extended Stay Hotel

    Property Details for 1615 Baldwin Ave

    Year built
    1962
    Construction
    WOOD
    Lot size
    4.80 lot acres
    Property size
    19,586 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    27-02-30-403-003.000-002
    APU
    270230403003000002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.6649
    Latitude
    40.5831
    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
    $32,724
    $578,400
    $512,400
    $1,090,800
    -
    $578,400
    $512,400
    $1,090,800

    Comparable in this City

    • Value Estimation
      $330,000
      8,842 SF

      1370 Baldwin Ave

      HOTEL/MOTEL • 8,842 SF
      1370 Baldwin Ave, Marion, IN 46952-1932
      View Details
    • Value Estimation by Request
      36,021 SF

      1345 Baldwin Ave

      HOTEL/MOTEL • 36,021 SF
      1345 Baldwin Ave, Marion, IN 46952-1913
      View Details
    • Value Estimation by Request
      44,296 SF

      1502 Baldwin Ave

      HOTEL/MOTEL • 44,296 SF
      1502 Baldwin Ave, Marion, IN 46952-1927
      View Details
    • Value Estimation by Request
      54,940 SF

      1000 Baldwin Ave

      HOTEL/MOTEL • 54,940 SF
      1000 Baldwin Ave, Marion, IN 46952-2538
      View Details
    • Value Estimation
      $580,000
      13,452 SF

      1411 Baldwin Ave

      HOTEL/MOTEL • 13,452 SF
      1411 Baldwin Ave, Marion, IN 46952-1926
      View Details
    • Value Estimation by Request

      711 Theatre Rd

      Land
      711 Theatre Rd, Marion, IN 46952
      View Details

    Similar Nearby for Sale

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      Excellent Condition Office Building

      Prime location office building with high visibility and ample parking.
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      Prime Marion Retail Land

      1.07 Acres, 46,609 SF Potential
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Prime Marion Retail Space

      6,705 SF Freestanding Retail/Restaurant
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      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Available For Rent

      3,000 square feet of retail space for lease.
      1129 N Baldwin Ave, Marion, IN 46952
      View Details
    • $1,250 /Mo
      2,500 SF

      Marion Mixed-Use Open Space Unit

      Mixed-use open space unit available for rent in Marion.
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      View Details
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      Marion, IN: Prime Office Space Available
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      View Details
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    1615 Baldwin Ave
    Marion, IN 46952-1436
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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