3409 Western AveMarion, IN 46953

Property Details for 3409 Western Ave

Year built

2002

Lot size

0.36 AC

Property size (Sq ft)

1,508 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

27-07-18-302-052.000-002

APU

270718302052000002

Description

This exceptional 6,250 square foot retail property, located at 3409 S. Western Ave in Marion, Indiana, presents a compelling investment opportunity. Situated on a 0.364-acre lot, this Class B building, constructed in 1953, boasts a single story and multiple tenancies. The property's zoning is Commercial, with APN 27-07-18-302-053.000-002. Its strategic location within the Marion submarket offers high visibility and accessibility, benefiting from over 18,000 vehicles passing daily. This prime retail corridor location provides excellent potential for a variety of businesses. The flexible layout allows for the combination of adjacent spaces to accommodate larger tenants. The property's single-story design ensures easy navigation and accessibility for customers and employees. This well-established property offers a strong foundation for immediate income generation and long-term growth. Interested parties should investigate the property's potential to meet their specific business needs. The property is situated in a high-traffic area, making it an ideal location for businesses seeking maximum exposure.

• CAP approach

  CAP return

  Valuation

  6%

  $347,948

  6.5%

  $321,183

  7%

  $298,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $331,438

  Geo Method

  $471,942

• Alternative Use

  Use

  Valuation

  Residential

  $270,930

  Hospitality

  $248,170

  Educational

  $206,475

  Medical

  $213,576

  Retail

  $321,183

Location Insight

City

Marion

County

Grant

State

Indiana

Latitude

40.5288

Longitude

-85.6732

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.