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    FOR SALE
    Turn key restaurants

    3148 S Western Ave, Marion, IN 46953

    8,966 SF 1.35 ac lot Built 1991
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US31-1748658
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1991
    Construction WOOD
    Total area 8,966 SF
    Lot 1.35 ac (58,632 SF)
    APN 27-06-13-800-007.002-008
    UPID US31-1748658
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $360k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $795k
    Blend (final) Blend
    $575k
    Owner & transaction history
    Quattro Marion LLC · 4 yrs held
    Quattro Marion LLC
    since 2022
    2 recorded transactions
    2025
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $850,000 +2.9%
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