1713 Marion-Mt Gilead Road, Marion, OH 43302 (MLS# 226026082)

1713 Marion-Mt Gilead Road, Marion, OH 43302

New Listing

$5,300,000

1713-Marion-Mt-Gilead-Rd-Marion-OH-Build

Property Type: Commercial Square Footage: 61,250 Status: Active

Current Price: $5,300,000 List Date: 7/13/2026 Last Modified: 7/13/2026

Overview

Description

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 with an 8.56% cap rate at the 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.

Listing Details MLS# 226026082

Location Property Info

Original List Price: 5300000
Property Sub Type: Shopping Center
Street #: 1713
Street Name: Marion-Mt Gilead
Street Suffix: Road
County: Marion
State: OH
Zip Code: 43302
Township: Marion

OfficeContract Info

MLS Entry Date: 2026-07-13

General Property Info

Total SqFt Available: 61250
Bldg Sq Ft: 61250
Max Cont Sqft Avail: 61250
Minimum Sqft Avail: 61250
# of Floors Above Gr: Yes
Year Built: 1989
# of Docks: 0

Tax Info

Parcel #: 200110009900
Zoning: B-2 Community Business Di
Tax Abatement: No

T Reimburses L

Curr Yr Est $/SF TRL: 3

Auction Info

Auction/Online Bidding Y/N: No

More Information

Location & Property Info

List Price/SqFt: 86.53
City (Mailing Addr): Marion
Corp LimitPerAuditor: Marion

Office/Contract Info

For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0

Remarks & Misc

Property Description: 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 with an 8.56% cap rate at the 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.

Income/Expenses

Gross Income: 524000
Net Operating Income: 453000
Total Expenses: 104000

Addl Acceptance Cond

None Known: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided

Listing Office: Di Lusso Real Estate

Listing Agent: Fisal Ikhmayes

Last Updated: July - 13 - 2026

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