4012 Western AveMarion, IN 46953

Property Details for 4012 Western Ave

Year built

2012

Lot size

1.07 AC

Property type

Parking lots & garages

APN

27-06-24-100-009.068-008

APU

270624100009068008

Description

This exceptional 0.8-acre commercial lot presents a unique investment opportunity in Grant County. Currently designated for retail use, this property offers significant potential for a variety of commercial ventures. The lot's size provides ample space for development, allowing for flexibility in design and construction to suit specific business needs. Its location within Grant County offers access to a thriving market and strong consumer base. The property is zoned for commercial use, simplifying the permitting and development process. The single available space allows for a focused development strategy, minimizing complexities and maximizing efficiency. This is an ideal opportunity for businesses seeking a prime location with significant development potential. The existing infrastructure provides a solid foundation for immediate construction or renovation. The property's accessibility and visibility make it an attractive location for businesses seeking high foot traffic and brand exposure. This is a rare opportunity to acquire a well-situated commercial lot in a desirable area of Grant County. The 0.8-acre parcel offers a blank canvas for creating a thriving commercial enterprise. Serious inquiries are encouraged to explore the possibilities of this exceptional property. The property is ready for immediate development, offering a streamlined path to establishing a successful business. This is a prime location for a variety of retail uses, offering excellent visibility and accessibility. The size of the lot allows for flexibility in design and construction, catering to diverse business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $10,754,150

  6.5%

  $9,926,908

  7%

  $9,217,843

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,245,792

  Geo Method

  $14,586,697

• Alternative Use

  Use

  Valuation

  Residential

  $8,373,718

  Hospitality

  $7,670,281

  Educational

  $6,381,584

  Medical

  $6,601,056

  Retail

  $9,926,908

Location Insight

City

Marion

County

Grant

State

Indiana

Latitude

40.5205

Longitude

-85.6741

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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