Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1408 Longstreet St Marion, IL 62959

    For Sale
    $3,650,000

    36.6 Acres, I-57 & Route 37 Access

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 36.6-acre commercial property presents a significant development opportunity in Marion, Illinois. Strategically located on the north side of Longstreet Street, it enjoys prime visibility and convenient access to both Interstate 57 and Route 37, ensuring excellent connectivity for any commercial venture. The property is situated within the Marion city limits, with a substantial portion already zoned for commercial use, simplifying the development process. Approximately 1000 feet of road frontage along Longstreet Street provides ample space for building access and signage. The land is partially fenced, offering a degree of security and definition. A significant portion of the acreage has been recently cleared, making it ready for immediate development. Four existing large pole barn buildings are present on the site

    Property Features for 1408 Longstreet St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,594,296 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.93783
    Latitude
    37.75609

    Nearby Similar for Sale

    • $795,000
      9,741 SF

      Prime Commercial Property in Marion, IL

      High-visibility commercial property with flexible layout and income potential.
      305 W Main St, Marion, IL 62959
      View Details
    • $270,000
      1,768 SF

      Updated Duplex with Large Lot

      Updated duplex in Marion, IL, with separate utilities.
      1103 W Boulevard St, Marion, IL 62959
      View Details
    • New
      $350,000
      2,850 SF

      Marion IL Triplex For Sale

      Triplex with stainless appliances and washer/dryer hookups in each unit.
      1205 N Otis St, Marion, IL 62959
      View Details
    • $540,000

      Marion, IL Apartment Building

      Six-unit apartment building with remodeling completed in 2024.
      105 S Liberty St, Marion, IL 62959
      View Details
    • $2,500,000
      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
    • $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

    FAQs

    What type of property is this?
    Commercial real estate - 36.6 Acres, I-57 & Route 37 Access
    Where is this commercial real estate located?
    The property is located at 1408 Longstreet St Marion, IL.
    What is the asking price?
    The asking price for this property is $3,650,000.
    Request Owner's contact information
    1408 Longstreet 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.
    1408 Longstreet 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 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
    1408 Longstreet 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.