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Property profile & analytics
OFF-MARKET Estimated value $1,220,000
Industrial properties

1836 Likens Rd Marion, OH 43302-8652

10.39 ac lot Built 1940
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-3044704
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Marcy Industries Company, LLC Industrial Manufacturer Production Facility
  • Marion Goodwill Industries - Warehouse Warehouse & Storage
  • EE Johnson Garden Center
  • Johnson Property Services Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.22M
Owner & transaction history
Marcus Evan Long · 3 yrs held
Marcus Evan Long
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
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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