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    105 S Liberty St Marion, IL 62959

    For Sale
    $540,000

    Commercial Sale - Marion, IL

    Days on Market:
    20
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 105 S Liberty St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0613492003

    Building Details

    Year built
    1900
    Number of units
    6
    Architectural style
    Other

    The Real Estate Group LLC (217) 898-9204 [email protected]

    Listing agent Lincoln Lee (217) 898-9204 License #475206790

    Listing date Nov 26, 2025

    MLS# 12446011 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marion, IL Apartment Building

    This six-unit apartment building in Marion, IL, presents an opportunity for portfolio expansion with existing tenants. The property features four one-bedroom, one-bath apartments, each approximately 600 square feet, and two four-bedroom, two-bath apartments, each approximately 1500 square feet. Extensive remodeling was completed in 2024. The downstairs area is metered separately. The property also includes 208 W. College next door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.928919
    Latitude
    37.730702

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building with remodeling completed in 2024.
    Where is this apartment building located?
    The property is located at 105 S Liberty St Marion, IL.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: - Six-unit apartment building with existing tenants providing immediate rental income.; - Includes adjacent property at 208 W. College at no additional cost.; - Recently remodeled in 2024.
    (217) 898-9204
    Request Owner's contact information
    105 S Liberty St Marion, IL 62959
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    Marion, IL 62959
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 S Liberty St Marion, IL 62959
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