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    1365 Green Diamond Road Marissa, IL 62257

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    For Sale
    $100,000

    22.42 acre tract near IL Route 13.

    Type:Land
    Property size:
    976,615 SF
    Lot size:
    22.42 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    51
    Last Refresh:
    Mar 17 at 12:22 am

    Property Features for 1365 Green Diamond Road

    General Information

    Standard status
    Active
    Size
    976,615 SF
    Lot size
    22.42 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Adam Jokisch

    Listing agent Adam Jokisch License #440-000169

    Listing office Adams Auction & Real Estate Services Inc.

    Listing date Feb 24, 2026

    Source Compass

    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 Adams Auction & Real Estate Services Inc.

    Overview

    Versatile Land with Agricultural, Commercial Potential

    This 22.42± acre tract of land is located off IL Route 13, between Lenzburg and Marissa in St. Clair County. The property includes 22± acres of cropland, offering potential for crop production and agricultural income. Located near Green Diamond Road, the land is accessible. The property also presents potential for commercial or industrial purposes under its I-1, Industrial Zoning classification. The property falls under the Village of Marissa zoning authority and would need approval from the Village of Marissa for any use not permitted under the current zoning. Electricity is available near the site, though tap-on fees have not been paid by the current owner, and the land is best suited for private water and sewer systems. Farming rights are available in 2026. This property offers both promise and potential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Marissa
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.7797805
    Latitude
    38.2706186

    Nearby Similar for Sale

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      3,100 SF

      Former Pharmacy in Downtown Marissa

      Well-maintained commercial building with recent updates and flexible space.
      219 N Main Street, Marissa, IL 62257
      View Details
    • $158,900

      Marissa, IL Four Unit Building

      Four-unit building with two-bedroom apartments, investment or occupancy opportunity.
      434 East Drive, Marissa, IL 62257
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    • $158,900

      Marissa, IL Four Unit Building

      Four-unit building with two-bedroom apartments, investment or occupancy opportunity.
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    • $125,000
      1,657 SF

      Commercial Office Building on Route 13

      Commercial office building with additional income potential in Marissa, Illinois.
      607 E Lyons St, Marissa, IL 62257
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 22.42 acre tract near IL Route 13.
    Where is this agricultural land / farmland located?
    The property is located at 1365 Green Diamond Road Marissa, IL.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: 22± acres of prime tillable cropland offering immediate potential for crop production and agricultural income.; I‑1, Industrial Zoning allows for commercial or industrial development potential (subject to Village of Marissa approval).; Strategic location just off IL Route 13, providing easy access via Green Diamond Road.
    (618) 530-8751
    We can help!
    Listing Contact
    Adam Jokisch
    Real Estate License ID: 440-000169
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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