Retail (Building)

Valley View Plaza

3164 s Western Ave, Marion, IN 46953

Site Details

Address
3164 s Western Ave, Marion, IN 46953
Coordinates
40.53221, -85.67511
Type
Retail (Building)
County
Grant County
Complex
Shopping Center
City Limits
Yes
Municipality
Marion

Building Size

Building Size
37,193 SF
Rentable Space
37,193 SF
Retail Space
44,324 SF

Building Details

Building Class
B
Building Status
Existing
Year Built
1999
Construction
EIFS/Stucco Shell
Number of Buildings
1
Floors
1
Parking Spaces
183
Parking Ratio
4.900 :1000
Vacant
Yes
Occupancy Type
Single Tenant
Percent Occupied
87.100 %

Land and Utilities

Land (Acres)
4.710 Acres
Land (SF)
204,993 SF
Zoning
Agricultural
Land Use
Commercial
Electricity
Yes
Water
Yes
Wastewater
Yes
Wastewater Provider
Marion WWTP
Telecommunications
Yes
Telecommunications Provider
SpectrumAT&T
Easements
Yes

Incentives and Abatements

Incentive Zone
Yes
Tax Incentives
Yes
Abatements
Yes

Roads

Property Access
Yes
Name Type Distance
US 35 Highway 8.9 miles
US 31 Highway 26.2 miles
SR 28 Highway 27.8 miles
I 69 Interstate Highway 8.9 miles
I 469 Interstate Highway 41.4 miles
I 465 Interstate Highway 52.7 miles

Airports

Name Code Distance
Marion Muni General Aviation Airport 3.0 miles
Converse General Aviation Airport 14.6 miles
Wabash Muni General Aviation Airport 19.4 miles

Taxes

Assessed Value - Land
$ 847,100
Assessed Value - Improvements
$ 572,800
Total Assessed Value
$ 1,419,900
Property Tax Rate
3 %
Property Tax Rate
$ 3 per $100
Property Tax
$ 42,597
Tax Year
2023
Transfer Tax
No

Acquisition

Status
Off Market
Sale Price
$ 4,017,000
Sale Price
$ 108 /SF
Cap Rate
8.250 %
NOI
$ 331,403
Real Estate Representative
Yes