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Property profile & analytics

3609 S Western Ave Marion, IN 46953

  • Commercial real estate
  • 2,520 SF
  • 0.17 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-1755172
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

  • Bill's Gasoline Engine Repair / Agricultural Supply

Property Details for 3609 S Western Ave

Year built
1960
Construction
WOOD
Lot size
0.17 lot acres
Property size
2,520 SF
Property type
Commercial real estate
APN
27-07-18-303-027.000-002
APU
270718303027000002

Description

This exceptional commercial property, located at 3609 S Western Avenue in Marion, Indiana, presents a unique investment opportunity. Boasting a prime location along the busy State Road 9 bypass, this 0.77-acre lot enjoys excellent visibility and benefits from a high daily traffic count of 24,859 vehicles (per TDCS 2024 data). The property currently houses a long-established small engine repair shop, offering immediate income potential or the flexibility to adapt to a variety of uses. The main building features four garage bays, a small parts room, a half bathroom, and 8-foot ceilings, providing ample space for a business operation. A second, substantial structure offers 5000 square feet of versatile space, constructed with block clear-span construction, a concrete floor, and two overhead doors (one 10-foot and one 12-foot). This building also includes a 200-amp electrical service, two hanging gas furnaces, and a roof that is less than 10 years old. Adding to the property's appeal are two smaller rental homes located at the rear. While requiring some repairs, these homes present a significant opportunity to generate additional rental income once renovated. This property has been owned and operated by the same family for over 50 years, a testament to its enduring value and potential. The combination of high visibility, versatile buildings, and rental income potential makes this a truly compelling investment opportunity. Priced at $349,900.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Marion
County
Grant
State
Indiana
Longitude
-85.6732
Latitude
40.5259
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
$2,511
$62,000
$21,700
$83,700
-
$62,000
$21,700
$83,700
More about this property
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