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MALLARD SQUARE 1713 Marion-Mt Gilead Rd 56,054 SF 96% Leased Retail Building Marion, OH 43302 $5,300,000 ($94.55/SF) 8.56% Cap Rate
Investment Highlights
- 8.56% cap on ±$453,600 in-place NOI
- Frontage on State Route 95 — 30,000+ vehicles/day
- Across from OSU–Marion & Marion Tech (4,200 students)
- ±61,250 SF multi-tenant retail & office center on ±6.94 AC
- Anchored by Habitat for Humanity through 2029
Executive Summary
Mallard Square is a ±61,250 SF multi-tenant retail & office shopping center on ±6.94 acres fronting State Route 95 (Marion-Mt. Gilead Rd), the busiest retail corridor in Marion with 30,000+ vehicles per day. Anchored by Habitat for Humanity and home to 20+ tenants including OhioHealth, State Farm, T-Mobile and Jet's Pizza, the center produces diversified in-place income of approximately $558,375 with an 8.56% cap rate at the $5,300,000 asking price, plus value-add upside from vacant suites and below-market rents. Directly across from The Ohio State University-Marion and Marion Technical College (4,200 students), with immediate access to U.S. 23 and co-tenancy alongside Walmart, Kohl's, Lowe's, Meijer and Menards. B-2 Community Business District zoning supports a broad range of retail, office, medical and service uses.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
56,054 SF
Building Class
C
Year Built
1989
Price
$5,300,000
Price Per SF
$94.55
Cap Rate
8.56%
NOI
$453,646
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
6.94 AC
Zoning
B-2 - Commercial
Parking
400 Spaces (7.14 Spaces per 1,000 SF Leased)
Frontage
489’ on Marion-Mt Gilead Rd
Amenities
- Pylon Sign
- Signage
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 402 SF
- Office
- -
- Now
- 104
- 1,500 SF
- Retail
- In-Line
- Now
- 207
- 174 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 402 SF | Office | - | Now |
| 104 | 1,500 SF | Retail | In-Line | Now |
| 207 | 174 SF | Office | - | Now |
1st Floor
| Size |
| 402 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
104
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
207
| Size |
| 174 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-0110009.900 | Total Assessment | $983,030 |
| Land Assessment | $189,350 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $793,680 | Tax Year | 2025 |
Property Taxes
Parcel Number
20-0110009.900
Land Assessment
$189,350
Improvements Assessment
$793,680
Total Assessment
$983,030
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
MALLARD SQUARE | 1713 Marion-Mt Gilead Rd