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    711 Theatre Rd Marion, IN 46952

    Sponsored
    For Sale
    $450,000

    Development Opportunity: Five Points Mall Outlot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 450,000 USD commercial land parcel presents a unique investment opportunity. Situated at 711 N Theatre Rd, Marion, IN 46952, this property is an outlot of the established Five Points Mall, offering unparalleled visibility and accessibility. The land is designated as Commercial, with APN 27-03-36-401-001.005-023, and is ideally suited for a variety of development projects. Its location within Grant County, Indiana, provides easy access to major transportation routes and a thriving local community. The property's prime location within the Five Points Mall outlot ensures high foot traffic and strong brand recognition. This presents a rare chance to capitalize on a highly desirable commercial location in a growing market. The asking price is 450,000 USD, making this an attractive investment for developers seeking a strategic foothold in a bustling retail environment. Serious inquiries are encouraged to explore the full potential of this exceptional development opportunity. The property's latitude and longitude coordinates are 40.570995 and -85.680578 respectively. This is a blank canvas for your next commercial venture.

    Property Features for 711 Theatre Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -85.680578
    Latitude
    40.570995

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    FAQs

    What type of property is this?
    Land - Development Opportunity: Five Points Mall Outlot
    Where is this land located?
    The property is located at 711 Theatre Rd Marion, IN.
    What is the asking price?
    The asking price for this property is $450,000.
    (317) 684-6864
    Request Owner's contact information
    711 Theatre Rd Marion, IN 46952
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    Marion, IN 46952
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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
    711 Theatre Rd Marion, IN 46952
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