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    OFF-MARKET
    Outlet malls

    1515 Western Ave, Marion, IN 46953-1543

    18,200 SF 1.02 ac lot Built 1969
    Entity Owned Free & Clear
    Property ID
    US31-1926570
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1515 S Western Avenue in Marion, Indiana, presents a fantastic opportunity for a discerning investor or business owner. The property boasts a generous 1.02-acre lot, providing ample space for development or expansion. Its strategic location makes it particularly well-suited for a restaurant, offering excellent visibility and accessibility. The property is priced competitively at $490,000, representing a significant value in the current market. The square footage of the existing structure is not currently specified, allowing for flexibility in planning and design. Given the size of the lot and its prime location, this property offers considerable potential for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities this unique opportunity presents. The property is ready for its next chapter, and awaits a vision to transform it into a thriving business. Its strategic location in Marion, Indiana, ensures high visibility and easy access for customers. The 1.02-acre lot provides ample space for development and expansion, making it an attractive investment for long-term growth. This property is a blank canvas, ready for a new owner to create a successful and profitable enterprise.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1969
    Construction TYPE NOT SPECIFIED
    Total area 18,200 SF
    Lot 1.02 ac (44,431 SF)
    APN 27-07-07-203-029.000-002
    UPID US31-1926570
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • National Event Staging Event Planning Wedding Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Glostik Real Estate LLC
    Glostik Real Estate LLC
    since 2025
    4 recorded transactions
    2025
    2025
    2023
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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