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Office Building with Surface Parking
New
For Sale
$4,500,000

5001 Meadowland Pkwy, Marion, IL 62959

Office facility in Butler Industrial Park with surface parking and flexible reuse considerations.

Property Size76,845 SF
Price / SF$58.55
Days on Market2

Property Features for 5001 Meadowland Pkwy

General Information

Standard status Active
Size 76,845 SF

Building Details

Year Built 2003
Buildings 1
Building Size 76,845 SF
Listing Agency: C21 HOUSE OF REALTY, INC.
Listed By: Dave Thompson · License #471005854
Source: Liveliferealty
Added: Sep 1 Last Checked: Sep 1 at 9:27PM

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 C21 HOUSE OF REALTY, INC.

Investment Insights

Based on property information with market context.

Built in 2003, this office facility at 5001 Meadowland Parkway provides a substantial commercial footprint with an office-oriented configuration and surface parking. The property is situated within Butler Industrial Park in Marion, Illinois, offering an established industrial-park setting for a range of commercial operations.

The existing layout can be evaluated for adaptive reuse beyond traditional office occupancy. Potential applications identified for the facility include distribution, light manufacturing, assembly, medical center use, and other commercial purposes. Its scale and configuration may also suit an owner-user, investor, or organization requiring a larger office-based property.

Key Highlights

  • 76,845 sq ft office facility in Butler Industrial Park
  • Built in 2003
  • Abundant surface parking

Property Analytics

Current Use

Blue Cross Blue ... Insurance Agency

Suggested Use

Top Pick Plumbing Service Storage Facility Dental Office Furniture & Home Goods (Bike/Boat/Book/etc) Store 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

177
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 - Office facility in Butler Industrial Park with surface parking and flexible reuse considerations.
Where is this office building located?
The property is located at 5001 Meadowland Pkwy Marion, IL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 76,845 sq ft office facility in Butler Industrial Park; Built in 2003; Abundant surface parking
More about this property
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