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Property profile

1836 Likens Rd Marion, OH 43302

OFF-MARKET
Industrial properties
Property ID
US66-3044704
10.39 ac lot Built 1940
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 140,000-square-foot industrial complex, situated on 10.4 acres in Marion's North Central Ohio submarket, offers unparalleled flexibility. Eight buildings, six interconnected by wide corridors, provide space ranging from 2,000 to 36,000 contiguous square feet, with a maximum of 134,000 square feet available. The property boasts a Class A rating, 30-foot ceilings, 14 loading docks (10 dock-high doors), 13 drive-ins, and 100 parking spaces. Built in 1942 and extensively renovated in 2002, the complex features heavy power (3500 amps, 3-phase, 480v), high-pressure natural gas, and ample water supply (well & municipal). Recent improvements include fiber-optic internet, roof repairs, truck dock upgrades, stormwater drainage improvements, expanded parking, LED lighting upgrades, natural gas line expansion, radiant heat additions, and landscaping enhancements. The property's strategic location provides easy access to major transportation routes and key markets, including Columbus, Detroit, and Chicago. Zoned industrial, this versatile space is ideal for a wide range of uses, including agricultural, contracting, distribution, fulfillment, inventory management, logistics, manufacturing, R&D, storage, and warehousing. Lease rates include property expenses and common area maintenance (CAM); utilities are separately metered. The on-site CAM is managed by a tenant. 900 feet of frontage on Likens Road, with cross access on Pole Lane Road.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1940
Construction CONCRETE BLOCKS
Lot 10.39 ac (452,458 SF)
APN 20-001000.8601
UPID US66-3044704

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Warehouse & Storage
  • Garden Center
  • Landscaping General Contractor

Location

1836 Likens Rd Marion, OH 43302-8652
Marion metro Census 10201 MARION, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.06M

Owner & transaction history

since 2022
Last sale
$1.2M
5 recorded transactions
2022
$250,000
2021
$1.2M
2017
Price N/A
2012
$200,000
1969
Price N/A

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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