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    OFF-MARKET
    Land

    0 Corridor Dr, Marion, IN 46953

    3 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3-acre commercial land parcel presents a prime development opportunity in Marion, Indiana. Strategically located at a signalized intersection just west of I-69 Exit 264, this property boasts high visibility and accessibility. The site benefits from a combined daily traffic count of 42,320 vehicles at the intersection, ensuring significant exposure for any business. Its location within a Tax Increment Financing (TIF) district offers potential property tax abatement, making it an even more attractive investment. The property's GB (General Business) zoning allows for a wide range of uses, including restaurants, quick-service restaurants, daycare centers, gyms, and medical offices. The high average household income of $78,861 within a three-mile radius surpasses the national average, indicating strong consumer spending power. The site's adjacency to the Blisspoint Inn provides additional foot traffic potential. Furthermore, its proximity to major retailers such as Love's Truck Stop, McDonald's, Arby's, BP, Flying J Travel Center, Wendy's, Cinnabon, and Arby's, as well as distribution centers for Dunham's Sports and Dollar General, and Ivy Tech Community College, creates a robust and established commercial environment. This location offers unparalleled potential for significant return on investment. The asking price for this exceptional property is $600,000.

    Property profile
    Verified
    Property type Land
    Lot 3 ac (130,680 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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