Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    705 E Everett St Marion, IL 62959

    Sponsored
    For Sale
    $93,900

    LAND - Marion, IL

    Lot size:
    21.36 Acres
    Days on Market:
    129
    Last Refresh:
    Feb 28 at 5:06 pm

    Property Features for 705 E Everett St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    07-19-209-013
    Lot size
    21.36 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Stephanie J Lawrence

    Realty 618 LLC (618) 964-4740

    Listing agent Stephanie J Lawrence

    Listing date Oct 23, 2025

    MLS# EB452374 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Marion, IL Land Opportunity

    This property offers a rare opportunity to own acres of land in Marion, Illinois. The site, which measures 21.36 acres, features natural creeks and abundant wildlife. It is zoned for residential use and is suitable as a homesite, offering both serenity and convenience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.918761
    Latitude
    37.727162

    Nearby Similar for Sale

    • $795,000
      0.56 Acres

      Prime Commercial Property, Marion, IL

      High-visibility commercial property suitable for retail, showroom, or office.
      305 W Main St, Marion, IL 62959
      View Details
    • $1,950,000
      17.90 Acres

      Marion, IL Commercial Opportunity

      Turnkey mechanic shop with land and loyal customer base.
      1504 E Main St, Marion, IL 62959
      View Details
    • $475,000
      5,229 SF

      Marion Office Building on 2.62 Acres

      Freestanding 5,229 SF office building on 2.62 acres.
      3309 Water Tower Rd, Marion, IL 62959
      View Details
    • New
      $540,000

      Marion, IL Apartment Building

      Six-unit apartment building with remodeling completed in 2024.
      105 S Liberty St, Marion, IL 62959
      View Details
    • $190,000
      0.32 Acres

      Marion Industrial Building For Sale

      3,864 sq. ft. building on 0.32 acres in Marion, IL.
      3310 Water Tower Rd, Marion, IL 62959
      View Details
    • $450,000
      0.31 Acres

      Marion, IL Fourplex Investment Opportunity

      Four-unit multifamily property in Marion, Illinois, fully rented.
      1105 N Monroe St, Marion, IL 62959
      View Details
    • $350,000

      Marion IL Triplex Investment Opportunity

      Triplex with stainless steel appliances and washer/dryer hookups.
      1205 N Otis St, Marion, IL 62959
      View Details
    • $270,000

      Updated Duplex with Large Lot

      Updated duplex with separate utilities and potential for expansion.
      1103 W Boulevard St, Marion, IL 62959
      View Details
    • Contact for pricing
      2,040 SF

      Single-Tenant Bank Branch For Sale

      Single-tenant bank branch with long-term lease and drive-thru.
      908 E Deyoung St, Marion, IL 62959
      View Details
    • Contact for pricing
      1,760 SF

      Take 5 Oil Change Investment

      NNN leased investment property with over 14 years remaining.
      2814 Joseph Cannon Way, Marion, IL
      View Details
    • $499,000
      8,550 SF

      Marion Industrial Property - $499K

      8,550 SF Multi-Tenant Industrial Building
      1912 Rendleman St, Marion, IL 62959
      View Details
    • $125,000
      19,166 SF

      Prime Marion Flex Space

      High-visibility flex space; vacant & ready.
      1700 Morgan Ave, Marion, IL 62959
      View Details

    FAQs

    What type of property is this?
    Land - Land with natural creeks and abundant wildlife in Marion, IL.
    Where is this land located?
    The property is located at 705 E Everett St Marion, IL.
    What is the asking price?
    The asking price for this property is $93,900.
    What are key features of this property?
    This property features: - Acres of land within the city of Marion; - Natural creeks on the property; - Abundant wildlife
    (618) 889-2164
    Request Owner's contact information
    705 E Everett St Marion, IL 62959
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    705 E Everett St
    Marion, IL 62959
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    705 E Everett St Marion, IL 62959
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stephanie J Lawrence
    Real Estate License ID: 475.209565
    (618) 889-2164 (618) 964-4740
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!