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Property profile & analytics
FOR SALE
Outlet malls

1515 South Western Ave Marion, IN 46953

18,200 SF 1.02 ac lot Built 1969
Entity Owned Free & Clear
Property ID
US31-1926570
1515 South Western Ave, Marion, IN 46953 For Sale
Contact for pricing 18,200 SF
1515 South Western Ave, Marion, IN 46953
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Property summary
AI-generated overview

This exceptional commercial property, located at 1515 S Western Avenue in Marion, Indiana, presents a fantastic opportunity for a discerning investor or business owner. The property boasts a generous 1.02-acre lot, providing ample space for development or expansion. Its strategic location makes it particularly well-suited for a restaurant, offering excellent visibility and accessibility. The property is priced competitively at $490,000, representing a significant value in the current market. The square footage of the existing structure is not currently specified, allowing for flexibility in planning and design. Given the size of the lot and its prime location, this property offers considerable potential for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities this unique opportunity presents. The property is ready for its next chapter, and awaits a vision to transform it into a thriving business. Its strategic location in Marion, Indiana, ensures high visibility and easy access for customers. The 1.02-acre lot provides ample space for development and expansion, making it an attractive investment for long-term growth. This property is a blank canvas, ready for a new owner to create a successful and profitable enterprise.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1969
Construction TYPE NOT SPECIFIED
Total area 18,200 SF
Lot 1.02 ac (44,431 SF)
APN 27-07-07-203-029.000-002
UPID US31-1926570
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • National Event Staging Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Glostik Real Estate LLC
Glostik Real Estate LLC
since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2023
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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