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    1515 S Western Ave Marion, IN 46953

    For Sale
    $250,000

    Retail, None - Marion, IN

    Type:Retail
    Lot size:
    1.02 Acres
    Days on Market:
    221
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1515 S Western Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    27-07-07-203-029.000-002
    Parking
    40
    Interior features
    Block, 110 Volts, 220 Volts, 440 Volts, Three Phase, Overhead Door 1, Overhead Door 2
    Exterior features
    110 Volts, 220 Volts, 440 Volts, Three Phase, Overhead Door 1, Overhead Door 2
    Lot size
    1.02 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Floors in Building
    1
    Flooring type
    Concrete, Tile, Tile - Ceramic
    Building materials
    Block
    Roof type
    Flat, Other
    Architectural style
    Other

    Century 21 Bradley Realty,Inc. (260) 399-1177 [email protected]

    Listing agent Dennis Worman (260) 399-1177 License #RB14042779

    Listing date Apr 29, 2025

    MLS# 202308057 Listing URL

    Copyright © 2025 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marion Restaurant Opportunity For Sale

    This property presents a restaurant opportunity in Marion, Indiana. The lot size is approximately 1.02 acres. The property is located in Grant County, with convenient access to S Western Avenue. The location is noted as being suitable for a restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    National Event Staging Event Planner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.673457
    Latitude
    40.547238

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    FAQs

    What type of property is this?
    Retail property - Restaurant opportunity in Marion, Indiana with high traffic location.
    Where is this retail property located?
    The property is located at 1515 S Western Ave Marion, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Great location suitable for a restaurant.; - Equipped with 110, 220, and 440 Volts, and Three Phase electrical systems.; - Features two overhead doors.
    (260) 399-1177
    Request Owner's contact information
    1515 S Western Ave Marion, IN 46953
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    Marion, IN 46953
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 S Western Ave Marion, IN 46953
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