1121 Baldwin AveMarion, IN 46952

For Sale
$650,000

6,888 SF Vacant Building, $650K

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 6,888-square-foot freestanding retail building presents a compelling value-add investment opportunity in Marion, Indiana. Located on a 0.69-acre lot at 1121 N Baldwin Ave, this vacant property boasts multiple points of ingress and egress, ensuring high visibility and accessibility. Built in 2006, the building previously housed an Advance Auto Parts and benefits from its prominent outlot position adjacent to the Five Points Mall. The property's strategic location along Marion's main retail corridor places it amidst a thriving commercial landscape, with nearby national retailers including Planet Fitness, Buffalo Wild Wings, Subway, Ruler Foods, and McDonald's. The area also enjoys the presence of Indiana Wesleyan University, contributing to a robust and diverse customer base. The asking price is $650,000, translating to a price per square foot of $94.37. This fee-simple ownership opportunity offers significant potential for redevelopment or lease to a variety of tenants, including banks, quick-service restaurants, or other retail businesses. The property's open retail box design provides flexibility for customization and tenant improvements. The property's APN is 27-03-36-401-033.000-023. This is a rare chance to acquire a well-situated retail property in a growing market.

Highlights

  • 6,888 SF freestanding retail building, former Advance Auto Parts, on a 0.69-acre outlot adjacent to Five Points Mall in Marion, IN.
  • 0.69-acre lot with multiple points of ingress/egress, ensuring high visibility and accessibility.
  • Prominent location on Marion's main retail corridor, near Planet Fitness, Buffalo Wild Wings, Subway, Ruler Foods, and McDonald's.
  • Strong demographics enhanced by proximity to Indiana Wesleyan University.
  • Open retail box design offering flexibility for redevelopment or lease; $650,000 asking price ($94.37/SF).

Property Details for 1121 Baldwin Ave

Property type
Lifestyle centers, Power centers
Square Feet
6,888 SF
Year Built
2006
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Marion
County
Grant
State
Indiana
Latitude
40.5718106
Longitude
-85.676595
1121 Baldwin Ave, Marion, Indiana

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1121 Baldwin Ave
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