3148 S Western Ave, Marion, IN 46953
For Sale
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This exceptional 1.34-acre retail outlot in Marion, Indiana, presents a unique investment opportunity. Situated in Grant County's strongest retail corridor, this property boasts unparalleled visibility and accessibility on Western Avenue, a high-traffic road with 25,553 cars daily. The location benefits from a signalized intersection, ensuring easy ingress and egress for customers. This outlot is part of a thriving commercial area, anchored by a Walmart Supercenter and surrounded by established national brands including Taco Bell, Starbucks, Aspen Dental, and O'Reilly Auto Parts. The 15-mile trade area encompasses a substantial population of 75,735, providing a large potential customer base. Its central location within the county seat offers convenient access to Indiana Wesleyan University, Marion High School, and major employers, further enhancing its appeal. This single-tenant property is ideal for a variety of retail uses and represents a rare chance to secure a prime location in a high-growth market. The property's strategic placement and strong surrounding businesses make it an exceptional investment opportunity with significant potential for return. This is a must-see for any investor seeking a high-traffic, high-visibility retail location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.