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Freestanding Office Building with Meeting Room
For Sale
$475,000

3309 Water Tower Road, Marion, IL 62959

Freestanding office building with multiple offices, reception, meeting room, and full kitchen, plus private asphalt paved parking.

Property Size5,229 SF
Lot Size2.62 Acres
Price / SF$90.84
Days on Market706

Property Features for 3309 Water Tower Road

General Information

Standard status Active
Size 5,229 SF
Lot size 2.62 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $9,735

Building Details

Building Size 5,229 SF
Year Built 1985
Buildings 1
Stories 1
Listing Agency: Nester Realty
Listed By: Pat Schaeffer · License #475147098
Source: Century21laclede
Added: Sep 18, 2024 Changed: Aug 23 Last Checked: Aug 24 at 2:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nester Realty

Investment Insights

Based on property information with market context.

This freestanding office building is set on 2.62 acres and includes a private, asphalt paved parking lot. The building offers approximately 5,229 square feet of indoor space arranged for a meeting-focused operation, with four offices sized 15x20, a full kitchen area sized 16x21, a reception area sized 20x30, and a meeting room sized 44x46.

The property is located at the end of an industrial business road within an Industrial Park / Industrial Area setting, supporting club meeting hall or training center style use. The previous use was for a Carpenter union Hall.

The space configuration is well suited for organizations that need dedicated office rooms along with a large meeting room and reception area, while maintaining a dedicated kitchen area for gatherings and training sessions.

Key Highlights

  • Freestanding office building on 2.62 acres with private asphalt paved parking
  • Approximately 5,229 SF building with office, reception, kitchen, and meeting room layout
  • Meeting room sized 44x46 plus reception area sized 20x30

Property Analytics

Current Use

CARPENTERS HALL Advocacy Group Carpenters Local 638 Advocacy Group

Suggested Use

Top Pick Electrical Service Locksmith Storage Facility Home Appliance Store Plumbing Service Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

461
Businesses Nearby

Demographics for 62959, IL

27,629
Population
12,997
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
92%
High-School Grad
143.0 sq mi
ZIP Area
193
Density / Sq Mi
$69,914
Median Household Income
$44,145
Median Earnings
$895
Median Rent
$166,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding office building with multiple offices, reception, meeting room, and full kitchen, plus private asphalt paved parking.
Where is this office building located?
The property is located at 3309 Water Tower Road Marion, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Freestanding office building on 2.62 acres with private asphalt paved parking; Approximately 5,229 SF building with office, reception, kitchen, and meeting room layout; Meeting room sized 44x46 plus reception area sized 20x30
More about this property
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