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    1510 Braewick Dr Marion, IN 46952

    For Sale
    $1,299,000

    Prime Restaurant Space, 6,705 SF, High Visibility

    Property size:
    6,705 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity: a vacant, 6,705-square-foot freestanding restaurant building in Marion, Indiana, available for $1,299,000. This net-lease property boasts a 6.80% cap rate and is situated in a high-traffic area as an outlot of Five Points Mall, ensuring excellent visibility and accessibility. The building features a prominent pylon sign and ample parking, attracting customers easily. The interior is spacious and designed for efficient operation, suitable for various restaurant concepts. Recent improvements include a new HVAC system and roof (both installed in 2024), minimizing immediate maintenance concerns. The property benefits from a 10-year lease with the previous tenant, Yummy Bowl, indicating strong market demand and potential for future lease agreements. Located at 1510 W Braewick Dr, Marion, IN 46952, this property presents a compelling investment opportunity in a thriving community. The price per square foot is $193.74. This is a vacant property, ready for immediate occupancy and customization to suit a new tenant's needs. The property's location offers easy access and strong visibility, making it an ideal location for a successful restaurant venture.

    Property Features for 1510 Braewick Dr

    General Information

    Property type
    Restaurants
    Square Feet
    6,705 SF

    HighLights

    • $1,299,000 asking price for a 6,705 SF net‑leased restaurant.
    • NNN lease, currently vacant, with a Yummy Bowl brand tenant.
    • 6.80% cap rate with a $193.74 price per square foot.
    • Features a new HVAC and roof (2024), pylon signage, ample parking, and easy access.
    • Located in a freestanding building in an outlot of Five Points Mall in Marion, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.6777986
    Latitude
    40.5709043

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, 6,705 SF, High Visibility
    Where is this restaurant located?
    The property is located at 1510 Braewick Dr Marion, IN.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: $1,299,000 asking price for a 6,705 SF net-leased restaurant.; NNN lease, currently vacant, with a Yummy Bowl brand tenant.; 6.80% cap rate with a $193.74 price per square foot.
    Request Owner's contact information
    1510 Braewick Dr 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
    1510 Braewick Dr Marion, IN 46952
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