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Property profile & analytics
FOR LEASE
Outlet malls

3820 S Western Ave Marion, IN 46953

2,640 SF 29.02 ac lot Built 2008
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US31-1736653
Property summary
AI-generated overview

This exceptional retail leasing opportunity is located inside a high-traffic Meijer store in Marion, Indiana, at 3820 S Western Ave, 46953. Two spaces are available, ranging from 610 to 905 square feet, offering prime, front-of-store visibility and access to thousands of weekly customers. The "Store-Within-A-Store" concept provides a range of benefits, including high foot traffic, an all-inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities. Branding opportunities include both interior and exterior signage. This location boasts exceptional demographics within a thriving trade area. The total vacant space is 1,515 square feet. Ideal for businesses such as financial institutions, food and beverage vendors, service businesses, and health and wellness providers. This is a unique opportunity to position your business in a well-known Midwest retail destination. The property is categorized as retail, with a commercial subtype and multiple tenancy.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2008
Construction TYPE NOT SPECIFIED
Total area 2,640 SF
Lot 29.02 ac (1,264,111 SF)
APN 27-06-24-102-001.000-008
UPID US31-1736653
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
Current use
Occupant on record · Public records
  • Meijer Optical Physician
  • TNT Fireworks Discount Store Party Supply Store
  • Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
  • Coinstar Bank Credit Union
  • Meijer Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cgp Marion Mf LLC · 9 yrs held
Cgp Marion Mf LLC
since 2016
6 recorded transactions
2021
Price N/A
2018
Price N/A
2016
$415,000
2014
Price N/A
2014
Price N/A
2012
$250,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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