Property summary
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
VerifiedCap rate & NOI
Current use
-
Event Planning Wedding Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.