Property profile

1510 W Braewick Dr Marion, IN 46952

FOR LEASE
Turn key restaurants
Property ID
US31-1631418
6,705 SF 2.05 ac lot Built 1993
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,705-square-foot freestanding retail or restaurant building presents a unique investment opportunity in Marion, Indiana's vibrant Five Points Mall submarket. Situated on a generous 2.05-acre lot at 1510 W Braewick Drive, this single-tenant property boasts ample parking with 266 spaces. Built in 1993, the building is classified as Class C and features a single story design. The entire 6,705 square feet is currently vacant, offering immediate occupancy for a discerning buyer. The property's zoning is designated as GB, providing flexibility for a variety of commercial uses. Its convenient location within the bustling Five Points Mall area ensures high visibility and accessibility for customers. The property's address is 1510 W Braewick Drive, Marion, IN 46952, and its location is further identified by APN 27-03-36-404-001.000-023 in Grant County. This is a rare chance to acquire a substantial, well-located commercial property with significant potential for growth and return on investment. The expansive lot size offers ample room for expansion or outdoor amenities, enhancing the property's appeal and functionality. Don't miss this opportunity to secure a prime location in a thriving commercial area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Construction TYPE NOT SPECIFIED
Total area 6,705 SF
Lot 2.05 ac (89,298 SF)
APN 27-03-36-404-001.000-023
UPID US31-1631418

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1510 W Braewick Dr Marion, IN 46952
Marion metro Census 600 MARION, IN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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