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

    1506 Main St Marion, IL 62959

    For Sale
    $92,500

    High-visibility downtown location, great investment.

    Property size:
    1,352 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 1,352 square foot commercial property is ideally situated on West Main Street in the heart of Marion, Illinois. Boasting a highly desirable location within a newly established Tax Increment Financing (TIF) District, this property offers a significant financial advantage with 23 years remaining in the TIF program. The building enjoys exceptional visibility and high traffic counts, exceeding 9,000 vehicles daily according to the Illinois Department of Transportation (IDOT) website. This translates to significant exposure for any business operating from this address. The 0.15-acre lot provides ample space for potential expansion or outdoor activities, depending on the intended use. The property's prime location in a revitalizing downtown area presents a unique opportunity for entrepreneurs and investors alike. This is a chance to establish a presence in a thriving community with a long-term financial incentive. The building's size and location make it suitable for a variety of commercial uses, from retail to office space, and presents a strong return on investment potential. Serious inquiries are encouraged to explore this exciting opportunity to become part of Marion's dynamic downtown resurgence. The property is offered at $92,500.

    Property Features for 1506 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,352 SF
    Lot Size
    6,534 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Truck Rental Agency Don's Heavy Duty ... Diesel Engine Repair Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.94264
    Latitude
    37.73101

    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
    • $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 - High-visibility downtown location, great investment.
    Where is this commercial real estate located?
    The property is located at 1506 Main St Marion, IL.
    What is the asking price?
    The asking price for this property is $92,500.
    Request Owner's contact information
    1506 Main 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.
    1506 Main 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
    1506 Main 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.