Building Details

Year Built 1960

Listing Agency: RE/MAX Realty One

Listed By: Sally Jenks · License #RB14036978 Show Phone

Source: Kmsrealestategroup

Added: Sep 30 Last Checked: Oct 5 at 11:53PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty One

Investment Insights

Based on property information with market context.

This auto shop contains 2,940 square feet, including a retail area at the front and a 32 x 70 service area with a rear overhead door. The building dates to 1960 and has two new furnaces, updated wiring and plumbing, and renovated baths. A newly paved parking lot serves the property, which is zoned GB General Business.

The purchase is subject to honoring a 12-month lease that begins August 1, 2026.

Key Highlights

• 2,940‑square‑foot auto shop
• 32 x 70 service area with rear overhead door
• Front retail area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,383

Cap Rate

7.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$347,660 $347.7K

Cap Rate 7%

$248,329 $248.3K

Cap Rate 9%

$193,144 $193.1K

Market Conditions

NOI Build-Up for 2,940 SF

Gross rent

$27.9K $9.48/SF

− Vacancy

−$3.0K −$1.03/SF

EGI

$24.8K $8.45/SF

− OpEx

−$7.4K −$2.53/SF

NOI

$17.4K $5.91/SF

Area

Grant County, IN

Vacancy

10.90%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$347,660

Cap Rate 7%

$248,329

Cap Rate 9%

$193,144

Alternative Uses

Best Use

Retail

$394.6K

$345.3K – $460.4K (±1% cap)

NOI $27,623 @ 7.0% cap · market cap 12.02%

Second Best

Industrial

$248.3K

$217.3K – $289.7K (±1% cap)

NOI $17,383 @ 7.0% cap · market cap 7.56%

Theoretical Best

Specialty Retail

$571.0K

$499.6K – $666.1K (±1% cap)

NOI $39,967 @ 7.0% cap · market cap 17.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Reality Motor Sports ... Motorcycle Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Storage Facility Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

246

Businesses Nearby

155k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 60% Shops & Services 13% Groceries 11% Superstores 10%

Culver's Dining

21,448 visits/mo 0.2 miles

Aldi Groceries

16,471 visits/mo 0.0 miles

Speedway Shops & Services

15,655 visits/mo 0.2 miles

Big Lots Superstores

15,617 visits/mo 0.3 miles

Wendy's Dining

14,018 visits/mo 0.3 miles

Demographics for 46953, IN

22,781

Population

10,095

Households

2.3

Avg Household Size

37

Median Age

16%

College-Educated

84%

High-School Grad

85.6 sq mi

ZIP Area

266

Density / Sq Mi

$46,224

Median Household Income

$25,969

Median Earnings

$800

Median Rent

$88,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Three-Level Storefront Building

207 S Washington St, Marion, IN 46952

$250,000

3,608 SF

View details

Free-Standing Retail Building

3201 S Adams Street, Marion, IN 46953

$839,900

View details

Residential Income Property with Kennel Business

1611 E Loew Rd, Marion, IN 46953

$179,900

3,336 SF

View details

Two-Unit Duplex

621 W 5Th Street, Marion, IN 46953

$84,000

2,774 SF

View details

Updated Duplex With Separate Meters

702 W 6th St, Marion, IN 46953

$59,900

3,056 SF

View details

Freestanding Flex Space with High Ceilings

418 E 3rd St, Marion, IN 46952

$350,000

0.50 Acres

View details

Flexible Office Building

504 S Baldwin Ave, Marion, IN 46953

$115,000

2,560 SF

View details

Two-Unit Duplex with Two-Level Units

1146 W 6th St, Marion, IN 46953

$69,900

2,708 SF

View details

Renovated Apartment Building

612 W 4th Street, Marion, IN 46952

$499,000

3,610 SF

View details

Historic Train Depot Office Building

1002 S Washington St, Marion, IN 46953

$129,900

2,202 SF

View details

Zaxby's Restaurant with Absolute NNN Lease

938 N Baldwin Ave, Marion, IN 46952

$3,164,000

2,800 SF

View details

2-Unit Two-Story Duplex

415 W 38th St, Marion, IN 46953

$178,000

1,750 SF

View details

Similar Off Market Nearby

• Pages Diesel & Automotive — 1102 W 31st St, Marion, IN 46953
• Jiffy Lube — 3075 S Western Ave, Marion, IN 46953
• Better Choice Muffler & Automotive — 2530 s valley ave, marion, in 46953
• 765 Auto & Muffler LLC. — 2530 S Valley Ave, Marion, IN 46953
• Fix-it Right Hill & Boyce — 2120 S Valley Ave, Marion, IN 46953

Frequently Asked Questions

What type of property is this?

Auto shop - A rear service bay with an overhead door complements the customer-facing retail area.

Where is this auto shop located?

The property is located at 2021 S Western Ave Marion, IN.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: 2,940‑square‑foot auto shop; 32 x 70 service area with rear overhead door; Front retail area