702 S Baldwin Ave Marion, IN 46953
Property profile & analytics
702 S Baldwin Ave Marion, IN 46953
- Auto shops
- 1,349 SF
- 0.21 lot acres
Property ID
US31-1437298
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.
Location Intelligence
Current Use by Public Records
- K&E Automotive Recycling LLC / Auto Repair Shop
- Immaculate Auto Detailing / Car Wash
- Hawk motors / Car Dealership
- Simmons Autos / Car Dealership
Property Details for 702 S Baldwin Ave
- Year built
- 1956
- Construction
- WOOD
- Lot size
- 0.21 lot acres
- Property size
- 1,349 SF
- Property type
- Auto shops
- APN
- 27-06-01-101-063.000-008
- APU
- 270601101063000008
Description
This exceptional investment opportunity presents a fee simple interest in a 672-square-foot auto shop located at 702 S Baldwin Ave, Marion, IN 46953. The property, built in 1977 and situated on a 0.25-acre lot, boasts 17 parking spaces and benefits from a General Commercial zoning designation. Currently operating under an Absolute NNN lease with a strong national tenant, the property offers a significant return on investment. The lease commenced on August 1, 2022, and expires on July 31, 2027, leaving approximately 2.7 years remaining on the current term. The property enjoys 100% occupancy, generating a Net Operating Income (NOI) of $23,400, representing a 10.00% capitalization rate. The asking price is $234,000, translating to $348.21 per square foot. This prime location along a heavily traveled arterial thoroughfare within a dense retail corridor and residential area provides excellent visibility and access to a substantial consumer base. The property's strong demographics within a 5-mile radius further enhance its investment appeal. The property's APN is 27-06-01-404-108.000-008. This is a rare opportunity to acquire a well-performing, low-maintenance commercial property with significant upside potential. The zero landlord responsibilities inherent in the Absolute NNN lease structure make this an ideal investment for passive income seekers.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Grant
- State
- Indiana
- Longitude
- -85.6755
- Latitude
- 40.5663
- 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
$2,199
$49,000
$24,300
$73,300
-
$49,000
$24,300
$73,300
