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.