224 Main St Marseilles, IL 61341
For Sale
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This exceptional nine-story commercial condo, located at 224 Main Street in Marseilles, Illinois, presents a remarkable investment opportunity. Boasting a substantial 375,000 square feet of space, this brick and concrete structure offers breathtaking river views. Situated on approximately 4.8 acres, the property benefits from its location within an enterprise zone, with the potential for TIF district designation. The building's robust construction features heavy load floors and multiple elevators, making it ideally suited for a wide range of commercial or mixed-use applications. The interior is well-equipped with a fully installed sprinkler system and features expansive, flowing floor plans that maximize the stunning river vistas. A completed survey and Phase 1 environmental report are readily available for review. This property offers significant potential for redevelopment and presents a unique chance to acquire a substantial commercial asset in a desirable location. Contact us today to schedule a viewing and explore the possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.