3820 Western AveMarion, IN 46953

Property Details for 3820 Western Ave

Year built

2008

Construction

TYPE NOT SPECIFIED

Lot size

29.02 AC

Property size (Sq ft)

2,640 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

27-06-24-102-001.000-008

APU

270624102001000008

Description

This exceptional retail leasing opportunity is located inside a high-traffic Meijer store in Marion, Indiana, at 3820 S Western Ave, 46953. Two spaces are available, ranging from 610 to 905 square feet, offering prime, front-of-store visibility and access to thousands of weekly customers. The "Store-Within-A-Store" concept provides a range of benefits, including high foot traffic, an all-inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities. Branding opportunities include both interior and exterior signage. This location boasts exceptional demographics within a thriving trade area. The total vacant space is 1,515 square feet. Ideal for businesses such as financial institutions, food and beverage vendors, service businesses, and health and wellness providers. This is a unique opportunity to position your business in a well-known Midwest retail destination. The property is categorized as retail, with a commercial subtype and multiple tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $609,130

  6.5%

  $562,274

  7%

  $522,111

• Comparable approach

  Method

  Valuation

  Relative Method

  $580,339

  Geo Method

  $826,211

• Alternative Use

  Use

  Valuation

  Residential

  $474,299

  Hospitality

  $434,455

  Educational

  $361,462

  Medical

  $373,893

  Retail

  $562,274

Location Insight

City

Marion

County

Grant

State

Indiana

Latitude

40.522

Longitude

-85.6766

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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