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Property profile & analytics
FOR SALE
Medical Office Space

711 W Gardner Dr Marion, IN 46952

10,972 SF 1.03 ac lot Built 1985
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US31-1455476
Property summary
AI-generated overview

This exceptional 10,972 square foot office building is strategically located at 711 W Gardner Drive in Marion, Indiana, on State Road 9, just northeast of the SR 9 and SR 15 intersection. The property sits on a 1.03-acre lot, offering ample on-site parking and excellent visibility for businesses seeking high traffic exposure. The building is in excellent condition and presents a fantastic investment or owner-user opportunity. Its versatile floor plan allows for a multitude of uses, including flex space, medical offices, executive suites, or multi-tenant configurations. The interior layout is designed to be user-friendly and adaptable to various operational needs. The building's prime location on a state highway ensures easy access and benefits from a high traffic count, making it an ideal location for businesses seeking maximum visibility and accessibility. This property offers a rare combination of size, location, and condition, making it a highly desirable commercial investment. The public-friendly design of both the interior and exterior spaces further enhances its appeal and potential for a wide range of businesses. Don't miss this opportunity to acquire a well-maintained, high-visibility office building in a thriving location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1985
Construction TYPE NOT SPECIFIED
Total area 10,972 SF
Lot 1.03 ac (44,867 SF)
APN 27-02-31-201-016.000-002
UPID US31-1455476
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
  • Dr. Lynnette M. Watkins, MD Physician
  • Marion Eye Specialist And Surgery Physician
  • Rita Singh, MD Physician
  • Eye Surgeons Eye Care Center
  • Thomas J Chowattukunnel, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Eye Specialists Real Estate Company · 16 yrs held
Eye Specialists Real Estate Company
since 2010
1 recorded transaction
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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