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    1001 Western Ave Marion, IN 46952

    Sponsored
    For Sale
    $525,000

    10,600 SF Multi-Tenant Medical Office

    Property size:
    10,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,600 square foot medical office building, located at 1001 North Western Avenue in Marion, Indiana, presents a compelling investment opportunity. Built in 1988, the property sits on a 0.92-acre lot and is zoned LB. The well-maintained exterior boasts a welcoming facade and durable construction, promising minimal maintenance and longevity. Ample parking is available, ensuring convenient access for both tenants and visitors. The spacious interior offers a versatile layout with multiple rooms adaptable to various medical or financial uses. Modern amenities contribute to the comfort and convenience of occupants, while abundant natural light creates a warm and inviting atmosphere. The multi-tenant occupancy provides a strong income stream, making this an ideal owner-occupant opportunity or investment property. This property is situated in Grant County, Indiana, with the address 1001 N Western Ave, Marion, IN 46952. The asking price is $525,000. The property's functionality as both a medical office and financial center makes it a highly desirable asset in a thriving market. The building's size and layout offer significant potential for growth and expansion.

    Property Features for 1001 Western Ave

    General Information

    Property type
    Medical offices
    Square Feet
    10,600 SF
    Lot Size
    40,075 SF

    Building Details

    Year Built
    1988

    HighLights

    • 10,600 SF building available for sale or lease.
    • Multi‑tenant property with diverse occupancy.
    • Suitable for financial and medical uses.
    • Excellent investment opportunity.
    • Abundant parking available.
    • Owner‑occupant option available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mid America Clinical ... Medical Laboratory Prevail Orthotics & Prosthetic Orthotics & Prosthetics Service Edward Jones - Financial ... Investment Service Groups Recover Together Addiction Treatment Center Marion Family Planning ... Reproductive Health Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.6746977
    Latitude
    40.5705523

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    FAQs

    What type of property is this?
    Medical office - 10,600 SF Multi-Tenant Medical Office
    Where is this medical office located?
    The property is located at 1001 Western Ave Marion, IN.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 10,600 SF building available for sale or lease.; Multi-tenant property with diverse occupancy.; Suitable for financial and medical uses.
    Request Owner's contact information
    1001 Western Ave 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
    1001 Western Ave Marion, IN 46952
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