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    Property profile & analytics

    1407 Western Ave Marion, IN 46953-1541

    • Theaters & concert halls
    • 8,776 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Last Sale
    Aug 26, 2022
    Location Intelligence
    Property ID
    US31-1937125
    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

    • Theaters & concert halls

    Property Details for 1407 Western Ave

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.62 lot acres
    Property size
    8,776 SF
    Property type
    Theaters & concert halls
    APN
    27-07-07-203-001.001-002
    APU
    270707203001001002

    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
    -85.6724
    Latitude
    40.5477
    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
    $6,126
    $78,700
    $125,500
    $204,200
    -
    $78,700
    $125,500
    $204,200

    Comparable in this City

    • Value Estimation by Request
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      3,906 SF

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      THEATER (MOVIE) • 3,906 SF
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      3629 Washington St

      THEATER (MOVIE) • 4,601 SF
      3629 Washington St, Marion, IN 46953-4874
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      4,050 SF

      3128 Adams St

      THEATER (MOVIE) • 4,050 SF
      3128 Adams St, Marion, IN 46953-4028
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      1,944 SF

      1720 38th St

      THEATER (MOVIE) • 1,944 SF
      1720 38th St, Marion, IN 46953-3446
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    • Value Estimation
      $540,000
      36,444 SF

      6049 300th S

      THEATER (MOVIE) • 36,444 SF
      6049 300th S, Marion, IN 46953-9521
      View Details

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    1407 Western Ave
    Marion, IN 46953-1541
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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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