Property profile

1515 Western Ave Marion, IN 46953

OFF-MARKET
Outlet malls
Property ID
US31-1926570
18,200 SF 1.02 ac lot Built 1969
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Event Planning Wedding Service

Location

1515 Western Ave Marion, IN 46953-1543
Marion metro Census 200 MARION, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2023
Price N/A
2012
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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