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$1 Auction-REIT Sale | Fmr Family Dollar Tree 826 N Roosevelt St 10,697 SF Retail Building Marion, KS 66861 $95,000 ($8.88/SF)
INVESTMENT HIGHLIGHTS
- ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | AUCTION DECEMBER 15-17
- Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
- Just Off US Hwy 56 with Traffic Counts of 2,221 VPD with Access and Visibility on N Roosevelt Street
- 10,697 SF Freestanding Value-Add Retail on 1.05 Acres Available at Substantial Discount Below Replacement Cost
- Surrounding Traffic Generators: Dollar General, Ace Hardware, Airport, Napa Auto Parts, USPS, Country Inn & Suites, St. Luke Hospital, Subway
- Attractive Demographics with Population of ±4,260 and Annual Household Income of ±$68,111 (10-mile radius)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 826 N Roosevelt Street, Marion, Marion County, Kansas 66861 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,697-square-foot, single-story free-standing retail building situated on ±45,900 square feet (±1.05 acres) with an asphalt surface parking lot with 33 spaces. The site is strategically positioned with ±173 feet of frontage along N Roosevelt Street and approximately 0.5-miles from US Highway 56 which sees approximately ±2,221 vehicles per day (VPD), ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $5–$6/SF NNN. Zoned GC (General Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
Marion is located along U.S. Route?56 and within the scenic Flint Hills region of central Kansas, providing regional visibility and support from surrounding rural trade. The county economy is anchored in education, manufacturing, and agriculture. The site is situated just north of central Marion, offering convenient access to local businesses, schools, and established residential neighborhoods. Surrounding traffic generators include Dollar General, Ace Hardware, Airport, Napa Auto Parts, USPS, Country Inn & Suites, St. Luke Hospital, Subway, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,337 residents and an average household income of ±$68,111 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
Built in 2022, the Property consists of a ±10,697-square-foot, single-story free-standing retail building situated on ±45,900 square feet (±1.05 acres) with an asphalt surface parking lot with 33 spaces. The site is strategically positioned with ±173 feet of frontage along N Roosevelt Street and approximately 0.5-miles from US Highway 56 which sees approximately ±2,221 vehicles per day (VPD), ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $5–$6/SF NNN. Zoned GC (General Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
Marion is located along U.S. Route?56 and within the scenic Flint Hills region of central Kansas, providing regional visibility and support from surrounding rural trade. The county economy is anchored in education, manufacturing, and agriculture. The site is situated just north of central Marion, offering convenient access to local businesses, schools, and established residential neighborhoods. Surrounding traffic generators include Dollar General, Ace Hardware, Airport, Napa Auto Parts, USPS, Country Inn & Suites, St. Luke Hospital, Subway, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,337 residents and an average household income of ±$68,111 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,697 SF
Building Class
B
Year Built
2022
Price
$95,000
Price Per SF
$8.88
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.05 AC
Zoning
LI
Parking
33 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
174’ on North Roosevelt Street
PROPERTY TAXES
| Parcel Number | 119-32-0-10-04-004.00-0 | Improvements Assessment | $211,373 |
| Land Assessment | $4,773 | Total Assessment | $216,146 |
PROPERTY TAXES
Parcel Number
119-32-0-10-04-004.00-0
Land Assessment
$4,773
Improvements Assessment
$211,373
Total Assessment
$216,146
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$1 Auction-REIT Sale | Fmr Family Dollar Tree | 826 N Roosevelt St
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