Property profile

3148 Western Ave Marion, IN 46953

OFF-MARKET
Turn key restaurants
Property ID
US31-1748658
8,966 SF 1.35 ac lot Built 1991
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a retail outlot associated with a Walmart Supercenter, located on a hard corner with an existing traffic signal. It is configured as a restaurant site within a high-visibility retail pad area with co-tenants including IHOP, Fazoli’s, Starbucks, and Taco Bell, and the site is intended for restaurant use. The property area is approximately 7,675 square feet. Marion, which serves as the county seat of Grand County, is the municipality for this location, and the site benefits from measured traffic of 25,697 vehicles per day (ADT).

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

Location

3148 Western Ave Marion, IN 46953-3965
Marion metro Census 10200 MARION, IN MICROPOLITAN STATISTICAL AREA
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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

since 2022
2 recorded transactions
2025
Price N/A
2022
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $850,000 +2.9%

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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