Building Details

Buildings 1

Construction garden-style

Listing Agency: H3 Capital Real Estate b***@choosekwg.com Show Phone

Listed By: Brendan Barone · License #IL 475.166300

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 12:02AM

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Investment Insights

Based on property information with market context.

This professionally managed multifamily property at 118 S Main St in Marissa, Illinois, contains 5 garden-style apartment units within a former industrial building. The structure has a pitched metal roof, with 10 private parking spaces positioned in the rear lot and additional street parking available along Main Street.

The property is next to Marissa Golf Course and close to restaurants and downtown Marissa. Regional access includes IL Route 13, which connects with IL Route 15 and Interstate I-255/270. The site is 40 miles from downtown St. Louis and 30 miles from Scott Air Force Base.

Key Highlights

• 5‑unit garden apartment building converted from an industrial structure
• 10 private parking spaces in the rear lot
• Additional street parking along Main Street

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Nail Salon Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

87

Businesses Nearby

Explore this area Business Placement

Demographics for 62257, IL

2,753

Population

1,092

Households

2.5

Avg Household Size

44

Median Age

15%

College-Educated

96%

High-School Grad

80.4 sq mi

ZIP Area

34

Density / Sq Mi

$66,848

Median Household Income

$36,050

Median Earnings

$621

Median Rent

$119,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Professionally managed apartments with rear-lot parking and access to downtown Marissa amenities.

Where is this apartment building located?

The property is located at 118 S Main St Marissa, IL.

What are key features of this property?

This property features: 5‑unit garden apartment building converted from an industrial structure; 10 private parking spaces in the rear lot; Additional street parking along Main Street