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Marion Centre Redevelopment 1509 Marion-Waldo Rd 415,274 SF 92% Leased Retail Building Marion, OH 43302 $4,451,557 CAD ($10.72 CAD/SF)

Retail Buildings Ohio Marion 1509 Marion-Waldo Rd, Marion, OH 43302

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Investment Highlights

  • 17% Occupied Regional Mall | 415,274-SF on a +/-35.9 Acre Lot | Mix of National and Local Tenants Including Dollar Tree & 7 Screen Movie Theater
  • B-2 Community Business District Zoning Allows for a Wide Range of Planned Development Shopping Centers, General Retail, Grocery, Motel, Office, & More
  • Near Multiple National Tenants Such as McDonald’s, Kroger, Tractor Supply, Walgreens, Wendy’s, Taco Bell, Verizon, Speedway, Family Dollar and More
  • Development Opportunity With Four Additional Out-Parcels | High Visibility With Multiple Points of Ingress and Egress Near a Signalized Intersection
  • Former Sears Anchor Box Sold in 2021 and Repositioned as Marion Self Storage – 80% Occupied Today
  • 1 Mile From OhioHealth Marion General Hospital( 250 Bed Hospital Serving the Marion Area) & 1 Mile From OhioHealth Marion Outpatient Medical Campus

Executive Summary

415,274-SF Regional Mall | +/-35.9 Acre Lot | Development Opportunity With Four Additional Out-Parcels

Attachments

Marion Mall - Marion, OH OM (3)

Property Facts

Sale Type
Investment
Sale Conditions
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
415,274 SF
Building Class
B
Year Built/Renovated
1969/1998
Price
$4,451,557 CAD
Price Per SF
$10.72 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
35.90 AC
Zoning
Commercial - Commercial
Parking
3,062 Spaces (7.37 Spaces per 1,000 SF Leased)
Frontage
1,474’ on Marion Waldo Rd

Amenities

  • Restaurant
  • Signage
  • Kiosk/Cart Space
  • Enclosed Mall

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Dollar Tree started when Macon Brock, Doug Perry, and Ray Compton opened the first only dollar store in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 20,000 SF
  • Retail
  • In-Line
  • Now
1509 Marion-Waldo Rd, Marion, OH for sale Floor Plan- Image 1 of 1
Floor Plan

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1st Floor
  • 10,000 SF
  • Retail
  • In-Line
  • Now

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1st Floor
  • 2,500 SF
  • Retail
  • In-Line
  • Now

$2,000/Month Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1st Floor
  • 1,500 SF
  • Retail
  • In-Line
  • Now

$1,500/Month Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1475
  • 75,673 SF
  • Retail
  • In-Line
  • 30 Days

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1525
  • 100,566 SF
  • Retail
  • In-Line
  • 30 Days

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

Space Size Space Use Position Available
1st Floor 20,000 SF Retail In-Line Now
1st Floor 10,000 SF Retail In-Line Now
1st Floor 2,500 SF Retail In-Line Now
1st Floor 1,500 SF Retail In-Line Now
1475 75,673 SF Retail In-Line 30 Days
1525 100,566 SF Retail In-Line 30 Days

1st Floor

Size
20,000 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
10,000 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
2,500 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
1,500 SF
Space Use
Retail
Position
In-Line
Available
Now

1475

Size
75,673 SF
Space Use
Retail
Position
In-Line
Available
30 Days

1525

Size
100,566 SF
Space Use
Retail
Position
In-Line
Available
30 Days
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
1509 Marion-Waldo Rd, Marion, OH for sale Floor Plan- Image 1 of 1
Marion Centre Floor plan

1st Floor

1509 Marion-Waldo Rd, Marion, OH for sale Floor Plan- Image 1 of 1
Floor Plan
Size 20,000 SF
Space Use Retail
Position In-Line
Available Now

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1st Floor

Size 10,000 SF
Space Use Retail
Position In-Line
Available Now

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1st Floor

Size 2,500 SF
Space Use Retail
Position In-Line
Available Now

$2,000/Month Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1st Floor

Size 1,500 SF
Space Use Retail
Position In-Line
Available Now

$1,500/Month Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1475

Size 75,673 SF
Space Use Retail
Position In-Line
Available 30 Days

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1525

Size 100,566 SF
Space Use Retail
Position In-Line
Available 30 Days

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Source: Local Logic®

Nearby Major Retailers

Starbucks
Kroger
Park National Bank
CrossFit

Property Taxes

Parcel Number 18-0100011.800 Improvements Assessment $175,897 CAD
Land Assessment $464,981 CAD Total Assessment $640,878 CAD

Property Taxes

Parcel Number
18-0100011.800
Land Assessment
$464,981 CAD
Improvements Assessment
$175,897 CAD
Total Assessment
$640,878 CAD
(513) 325-8682

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 37620118

  • Date on Market: 2025-09-10

  • Last Updated:

  • Address: 1509 Marion-Waldo Rd, Marion, OH 43302

The Retail Property at 1509 Marion-Waldo Rd, Marion, OH 43302 is currently available for Sale. Contact Marcus & Millichap for more information.

1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
1509 Marion-Waldo Rd, Marion, OH for sale Primary Photo- Image 1 of 7
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1509 Marion-Waldo Rd, Marion, OH for sale Building Photo- Image 2 of 7
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1509 Marion-Waldo Rd, Marion, OH for sale Building Photo- Image 3 of 7
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1509 Marion-Waldo Rd, Marion, OH for sale Building Photo- Image 4 of 7
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1509 Marion-Waldo Rd, Marion, OH for sale Building Photo- Image 5 of 7
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1509 Marion-Waldo Rd, Marion, OH for sale Building Photo- Image 6 of 7
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1 of 1
Marion Centre Redevelopment | 1509 Marion-Waldo Rd
(513) 325-8682 x

Marion Centre Redevelopment | 1509 Marion-Waldo Rd

Darpan Patel
(513) 325-8682

Frank Simcic
(813) 387-4819

Dan Yozwiak
(614) 360-9036

Michael Glass
(773) 495-0200

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