Office Suite with Customer
201 N Court Street Marion Marion, IL 62959
201 N Court Street Marion, Marion, IL, 62959
$169,900
For Sale
$169,900
Office-focused property on a large lot with ample on-site parking, positioned in Marion’s Hub TIF.
Property Size1,232 SF
Price / SF$137.91
Days on Market13
Property Features for 201 N Court Street Marion
General Information
- Standard status
- Active
- Size
- 1,232 SF
Building Details
- Year Built
- 1955
Listing agency
(309) 722-1612
Listed by
Candace Whiting
(309) 722-1612
Source
Realestatepeoria
Added: Jul 10 Updated: Jul 20 at 7:48PM Checked: Jul 21 at 3:31AM
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 Candace Whiting
Investment Insights
Based on property information with market context.
This property offers office use with a configuration suited to an owner-occupant or small business, set on a large lot designed for substantial on-site parking. The listing notes visibility and accessibility for day-to-day operations.
Located at 201 N Court Street in Marion, Illinois, the site is in the Hub TIF. According to the provided remarks, the Hub TIF includes an annual grant qualification for exterior improvements.
The current offering is presented for sale, with the remarks also indicating the opportunity to lease, depending on the buyer’s or tenant’s plans.
Located at 201 N Court Street in Marion, Illinois, the site is in the Hub TIF. According to the provided remarks, the Hub TIF includes an annual grant qualification for exterior improvements.
The current offering is presented for sale, with the remarks also indicating the opportunity to lease, depending on the buyer’s or tenant’s plans.
Key Highlights
- Year built: 1955
- Large lot with plenty of on‑site parking for customers and staff
- Suitable for an office space, car lot, or small business use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.2k | $18.00 |
| − Vacancy | −$4.0k | −$3.24 |
| EGI | $18.2k | $14.76 |
| − OpEx | −$4.5k | −$3.69 |
| NOI | $13.6k | $11.07 |
1,232 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$194.8K
$170.5K – $227.3K
NOI $13,638 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.7K
$227.3K – $303.0K
NOI $18,181 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office-focused property on a large lot with ample on-site parking, positioned in Marion’s Hub TIF.
Where is this office units located?
The property is located at 201 N Court Street Marion Marion, IL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Year built: 1955; Large lot with plenty of on‑site parking for customers and staff; Suitable for an office space, car lot, or small business use
