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    Property profile & analytics

    1001 Western Ave Marion, IN 46952

    • Office Properties & Spaces
    • 10,600 SF
    • 0.92 lot acres
    For Sale
    View listing
    $525,000
    Value Estimation
    Last Sale
    Nov 22, 2021
    Location Intelligence
    Property ID
    US31-1794167
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mid America Clinical Laboratories Marion / Medical Laboratory / Diagnostic Center
    • Prevail Orthotics & Prosthetic / Orthotics & Prosthetics Service
    • Edward Jones - Financial Advisor: Jim Womack III / Investment Service / Finance Broker
    • Groups Recover Together / Addiction Treatment Center / Counselor
    • Marion Family Planning Center / Reproductive Health Clinic / Family Planning Center

    Property Details for 1001 Western Ave

    Year built
    1988
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.92 lot acres
    Property size
    10,600 SF
    Property type
    Office Properties & Spaces
    APN
    27-03-36-404-007.000-023
    APU
    270336404007000023

    Description

    Sparta Square, located at 1001 N Western Ave in Marion, Indiana, presents a fantastic opportunity for businesses seeking executive office space. This single-story, Class B building, constructed in 1988, offers a total of 10,600 square feet, with 4,200 square feet currently vacant and immediately available. The property sits on a 0.9-acre lot and is zoned GB General Business, providing flexibility for various professional uses. Multiple tenancy options are available, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 4,200 square feet, catering to businesses of varying sizes. Ample parking is provided with 71 spaces. The property's address is 1001 N Western Ave, Marion, IN 46952, within Grant County. The building's features include a single story design, making it easily accessible and navigable. The property's APN is 27-03-36-404-007.000-023. This is an excellent opportunity to establish a presence in a well-located and functional office building. The available space is ideal for businesses seeking a convenient and efficient workspace in a thriving community. Contact us today to learn more about leasing options and schedule a viewing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.6746
    Latitude
    40.5705
    CBSA code
    31980
    CBSA name
    MARION, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,285
    $65,700
    $443,800
    $509,500
    -
    $65,700
    $443,800
    $509,500

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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
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