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Midtowne Crossing - Availability Details

1500 S. Western Ave., Marion, IN 46953

  • For Sale $7,225,000
  • Property Type Retail - Street Retail
  • Property Size 108,974 Sqft
  • Lot Size 8.49 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2013
  • Date Updated Sep 08, 2021
Located in Marion, IN
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Location

  • City Marion, IN
  • Zip Code 46953

Contacts

broker

Dan Skodras

Bradley Company

(574) 237-6052

Highlights

  • Well located center in a strong retail area proximal to 3 universities.
  • 100% occupied with long-term stable tenants with a history at the center since it was built
  • Well maintained center with one of the anchor tenants, Tree of Life Bookstores, providing property management services. Tree of Life’s owners also own the center and Tree of Life is willing to continue in a local management and maintenance role as a condition of the sale
  • The outlots include a Speedway and Wings, Etc. restaurant (a regional chain) which add to the traffic to the center
  • There is an effective tax abatement through 2032 associated with a TIF bond that is potentially available to a buyer of the center which generates income as tenants pay taxes
  • Accessibility and visibility via both S. Western Ave. & W. 16th St.
  • Located in Marion's major retail corridor

Frequently Asked Questions

What year was Midtowne Crossing built and finished?

Midtowne Crossing was completed in 2013.

Contact Listing Broker

broker

Dan Skodras

Bradley Company

(574) 237-6052

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