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    3148 S Western Ave Marion, IN 46953

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    For Sale
    Contact for pricing

    High-visibility restaurant pad site with strong co-tenants.

    Property size:
    7,675 SF
    Lot size:
    1.42 Acres

    Property Features for 3148 S Western Ave

    General Information

    Size
    7,675 SF
    Lot size
    1.42 Acres

    Source: Veritas Realty Agent Jon Bannister

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Pad Site For Sale

    This property is an outlot to a Walmart Supercenter, situated on a hard corner and benefiting from an existing traffic signal. The location is a high-profile retail pad with co-tenants including IHOP, Fazoli’s, Starbucks, and Taco Bell. The site is intended for use as a restaurant. An Applebee’s restaurant, operated by Flynn Restaurant Group, has signed a 15-year Absolute NNN lease, ensuring zero landlord responsibilities. The location is in Marion, the county seat of Grand County. Applebee’s has operated in Marion since 1995 and is relocating to this location with stronger co-tenancy and increased traffic. The new site is expected to open in Q4 2025. The property benefits from traffic of 25,697 ADT. The property size is 7675 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.67519
    Latitude
    40.532184

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    FAQs

    What type of property is this?
    Restaurant - High-visibility restaurant pad site with strong co-tenants.
    Where is this restaurant located?
    The property is located at 3148 S Western Ave Marion, IN.
    What are key features of this property?
    This property features: - 15-year Absolute NNN lease (zero landlord responsibilities); - Located on a hard-corner outlot to Walmart Supercenter; - High-profile retail pad with strong co-tenants (IHOP, Fazoli’s, Starbucks, Taco Bell)
    (317) 493-1267
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    3148 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
    3148 S Western Ave Marion, IN 46953
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