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Financial
Distress signals
Property profile

1001 N Western Ave Marion, IN 46952

FOR SALE
Office Spaces
Property ID
US31-1794167
10,600 SF 0.92 ac lot Built 1988
Last sale Feb 2010 · $340,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$510k
Assessed land$66k
Assessed improvement$444k
Effective rate3.00%

Value estimate

· Oct 2026
$280k
$252k – $308k
Submarket $/SF estimate$885k
NOI build-up
Gross scheduled income$164k
Vacancy & credit loss−$36k
Operating expenses−$32k
NOI · 17.55% cap applied$96k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
17.55%
$96k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRANT

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand index
Parking Facility11.2
Kitchen & Bath10.6
Daycare Center10.4

Location

1001 N Western Ave Marion, IN 46952
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1797 Kem, Marion, IN 46952-1733 $2,208,000 Mar 2021 9,412 SF
319 2nd, Marion, IN 46952-3871 $375,000 Feb 2021 15,120 SF
200 Washington, Marion, IN 46952-3804 $100,000 Sep 2020 17,424 SF
511 3rd, Marion, IN 46952-3748 $50,000 May 2020 1,200 SF
1123 Western, Marion, IN 46952-2501 $530,000 May 2020 3,696 SF
211 D, Marion, IN 46952-3732 $55,000 Oct 2019 2,226 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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