Shopping Center with NNN
For Sale
Contact for pricing
3409 S Western Ave, Marion, IN 46953
Existing NNN leases pair with significant available space and limited landlord responsibility.
Property Size7,140 SF
Days on Market142
Property Features for 3409 S Western Ave
General Information
Standard status
Active
Size
7,140 SF
Property subtype
Retail
Additional Details
Traffic Count
24,007 vehicles/day
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Adam O'Sullivan · License #IN RB16000786
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 3:30PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
South Western Plaza is a 7,140-square-foot shopping center with NNN leases in place and 47.5% vacancy. The property offers an existing retail format with a tenant lineup and available space for additional occupancy, while the lease structure limits landlord responsibilities.
Positioned at 3409 S. Western Ave. in Marion, the center sits across from Tractor Supply Company and between Walmart and Meijer. Daily traffic is reported at 24,007 vehicles. The VA’s Northern Indiana Hospital is 3 miles away, while Indiana Wesleyan University’s 345-acre campus is 2 miles south and serves more than 3,165 students on site. Area employers identified in the market include Indiana Wesleyan University, Ball State, Marion Hospital, the VA Northern Indiana Hospital, and General Motors.
Positioned at 3409 S. Western Ave. in Marion, the center sits across from Tractor Supply Company and between Walmart and Meijer. Daily traffic is reported at 24,007 vehicles. The VA’s Northern Indiana Hospital is 3 miles away, while Indiana Wesleyan University’s 345-acre campus is 2 miles south and serves more than 3,165 students on site. Area employers identified in the market include Indiana Wesleyan University, Ball State, Marion Hospital, the VA Northern Indiana Hospital, and General Motors.
Key Highlights
- 7,140‑square‑foot shopping center in Marion, Indiana
- 47.5% vacancy with existing tenant lineup
- NNN leases in place with limited landlord responsibility
Property Analytics
Property Profile
Current Use
Lease Details
24,007 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
294k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 25%
Shops & Services 15%
Home Improvements & Furnishings 15%
Walmart
Superstores
74,530 visits/mo
0.2 miles
McDonald's
Dining
30,014 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
28,148 visits/mo
0.5 miles
Starbucks
Dining
22,782 visits/mo
0.2 miles
Meijer Gas Station
Shops & Services
15,079 visits/mo
0.4 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
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Similar Off Market Nearby
- University Marketplace — 4018 S Western Ave, Marion, IN 46953
- Valley View Plaza — 3228 S Western Ave, Marion, IN 46953
Frequently Asked Questions
What type of property is this?
Shopping center - Existing NNN leases pair with significant available space and limited landlord responsibility.
Where is this shopping center located?
The property is located at 3409 S Western Ave Marion, IN.
What are key features of this property?
This property features: 7,140‑square‑foot shopping center in Marion, Indiana; 47.5% vacancy with existing tenant lineup; NNN leases in place with limited landlord responsibility
