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    Property profile & analytics

    2716 Western Ave Marion, IN 46953-3574

    • Retail space
    • 5,628 SF
    • 1.75 lot acres
    OFF-MARKET
    Value Estimation
    $430,000
    Last Sale
    Apr 06, 2023
    $426,500
    Location Intelligence
    Property ID
    US31-1550488
    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

    • Dr. Steve Porto / Plastic Surgeon
    • Jackson Robert F MD / Plastic Surgeon
    • Jackson Orthopedic- Marion Office / Orthopedic Surgeon
    • Marion Open MRI / Medical Diagnostic Imaging Center
    • Indiana Spine Group Marion / Medical Office

    Property Details for 2716 Western Ave

    Year built
    1987
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.75 lot acres
    Property size
    5,628 SF
    Property type
    Retail space
    APN
    27-06-13-101-005.001-008
    APU
    270613101005001008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $405,000
      6.5%
      $335,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $405,000
      Retail
      $405,000
      Mixed-Use
      $325,000
      Hospitality
      $445,000
      Educational
      $375,000
      Residential Income
      $325,000
      Energy
      $335,000
      Income-Based Land
      $380,000
      Food Service
      $425,000

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.674
    Latitude
    40.5359
    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
    $14,271
    $174,400
    $301,300
    $475,700
    -
    $174,400
    $301,300
    $475,700

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      2015 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      2015 Western Ave, Marion, IN 46953-2824
      View Details
    • Value Estimation by Request
      1,000 SF

      612 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      612 Michigan Ave, Marion, IN 46953-1104
      View Details
    • Value Estimation by Request
      880 SF

      505 Coulton Ct

      RETAIL STORES (PERSONAL SERVICES) • 880 SF
      505 Coulton Ct, Marion, IN 46953-3560
      View Details
    • Value Estimation by Request
      19,008 SF

      5034 Strawtown Pike

      RETAIL STORES (PERSONAL SERVICES) • 19,008 SF
      5034 Strawtown Pike, Marion, IN 46953-9387
      View Details
    • Value Estimation by Request
      5,814 SF

      705 37th St

      RETAIL STORES (PERSONAL SERVICES) • 5,814 SF
      705 37th St, Marion, IN 46953-4272
      View Details
    • Value Estimation by Request
      14,729 SF

      2620 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,729 SF
      2620 Western Ave, Marion, IN 46953-3556
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      6,008 SF

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      Retail spaces available within a Walmart shadow center.
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    • $12 SF/Yr
      2,046 SF

      Retail Space on South Western

      Retail space with high visibility and solid traffic counts.
      3016 S Western Ave, Marion, IN 46953
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    • $1.00 SF/Yr
      2,940 SF

      Retail and Service Space Available

      Retail and service area with overhead door in rear.
      2021 S Western Ave, Marion, IN 46953
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    • $16 SF/Yr
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      Retail Space Available For Lease

      Retail space available for lease, totaling 4,800 square feet.
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    • Contact for pricing
      1,725 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center with high traffic.
      3248 S Western Ave, Marion, IN 46953
      View Details
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    2716 Western Ave
    Marion, IN 46953-3574
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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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