1412 Kem RdMarion, IN 46952

Property Details for 1412 Kem Rd

Year built

1988

Construction

TYPE NOT SPECIFIED

Lot size

3.95 AC

Property size (Sq ft)

28,680 SF

Property type

Parking lots & garages

APN

27-03-36-104-028.000-023

APU

270336104028000023

Description

This exceptional 3.11-acre commercial land parcel presents a remarkable development opportunity in Marion, Indiana. Strategically located at the intersection of SR 15 (Baldwin Ave.), SR 9 (Wabash Ave.), and Kem Rd, this property boasts exceptional visibility and accessibility within a high-traffic retail zone. The General Business (GB) zoning permits a wide range of commercial uses, making it ideal for various development projects. The lot offers significant potential for businesses seeking high visibility and convenient access to major roadways. With a total asking price of $640,000, this translates to an attractive price per acre of $205,788. The property's location ensures strong customer traffic and exposure, making it an excellent investment for developers and entrepreneurs alike. The site is ready for immediate development, eliminating lengthy preparation delays. The APN is 27-03-36-104-028.000-023. This prime location in Grant County, Indiana, with its 46952 zip code, offers unparalleled potential for growth and return on investment. Don't miss this chance to acquire a highly desirable commercial property in a thriving retail area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,574,654

  6.5%

  $6,991,988

  7%

  $6,492,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,298,383

  Geo Method

  $8,975,658

• Alternative Use

  Use

  Valuation

  Residential

  $5,898,004

  Hospitality

  $5,402,540

  Educational

  $4,494,850

  Medical

  $4,649,434

  Retail

  $6,991,988

Location Insight

City

Marion

County

Grant

State

Indiana

Latitude

40.5752

Longitude

-85.676

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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