Property profile

3409 Western Ave Marion, IN 46953

OFF-MARKET
Turn key restaurants
Property ID
US31-2337235
1,508 SF 0.36 ac lot Built 2002
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,250 square foot retail property, located at 3409 S. Western Ave in Marion, Indiana, presents a compelling investment opportunity. Situated on a 0.364-acre lot, this Class B building, constructed in 1953, boasts a single story and multiple tenancies. The property's zoning is Commercial, with APN 27-07-18-302-053.000-002. Its strategic location within the Marion submarket offers high visibility and accessibility, benefiting from over 18,000 vehicles passing daily. This prime retail corridor location provides excellent potential for a variety of businesses. The flexible layout allows for the combination of adjacent spaces to accommodate larger tenants. The property's single-story design ensures easy navigation and accessibility for customers and employees. This well-established property offers a strong foundation for immediate income generation and long-term growth. Interested parties should investigate the property's potential to meet their specific business needs. The property is situated in a high-traffic area, making it an ideal location for businesses seeking maximum exposure.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2002
Total area 1,508 SF
Lot 0.36 ac (15,682 SF)
APN 27-07-18-302-052.000-002
UPID US31-2337235

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
  • Take-out & Catering Catering Service
  • Tattoo & Piercing Shop
  • Gym & Fitness Center
  • Industrial Manufacturer

Location

3409 Western Ave Marion, IN 46953-4284
Marion metro Census 800 MARION, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

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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