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    1700 Morgan Ave Marion, IL 62959

    For Sale
    $125,000

    Prime corner lot, high traffic area.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional commercial property, situated on nearly half an acre (0.44 acres) at 1700 Morgan Avenue in Marion, Illinois, presents a unique opportunity for businesses seeking high visibility. Located on the increasingly busy Morgan Avenue (also known as The Hill Ave), this corner lot at the intersection of Morgan and Peabody offers unparalleled exposure to a substantial daily traffic flow. The property's location within Tax Increment Financing (TIF) District II may offer potential financial incentives, making it an even more attractive investment. While the exact square footage isn't specified, the generous lot size provides ample space for a variety of commercial ventures. This is an ideal location for businesses that require strong street presence and easy accessibility. The property's strategic positioning ensures maximum visibility and convenient access for customers and employees alike. Don't miss this chance to establish your business in a thriving area with significant growth potential. The asking price is $125,000. Serious inquiries only.

    Property Features for 1700 Morgan Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    19,166 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -88.94586
    Latitude
    37.74475

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    FAQs

    What type of property is this?
    Commercial real estate - Prime corner lot, high traffic area.
    Where is this commercial real estate located?
    The property is located at 1700 Morgan Ave Marion, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    Request Owner's contact information
    1700 Morgan Ave 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
    1700 Morgan Ave Marion, IL 62959
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