Versatile Commercial Property Near Marion
600 N VAN BUREN Street Marion, IL 62959
Commercial property suitable for industrial, warehouse, or redevelopment.
Type:Industrial, Retail
Property size:
4,800 SFLot size:
1.05 AcresPrice / SF:
$109.38/SF- Added:
- May 24, 2026
- Days on Market:
- 51
- Last Refresh:
- May 27 at 8:25 am
Property Features for 600 N VAN BUREN Street
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 1.05 Acres
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 1982
Listing office House 2 Home Realty
Listing date May 24, 2026
Source Crexi
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 House 2 Home Realty
Investment Insights
Based on property information with market context.
This commercial property, situated four blocks from Marion Square, offers visibility and accessibility with frontage on 1.05 acres across seven parcels. Previously a sign company, it suits industrial, warehouse, contractor, storage, fabrication, or redevelopment uses. The main building, a pole barn-style structure of approximately 80' x 60', includes two office spaces, a printing room, a bathroom, and roughly 3,900 sq ft of open warehouse area. Three-phase power is available. A second structure, an approximately 50' x 50' open-faced shed, provides covered storage or workspace. Fenced outdoor storage areas surround the buildings, offering secure laydown yard potential. An open lawn area at the front allows for future expansion or additional structures, and an existing parking lot adds convenience. The property is next to a railway and has a dock, offering logistical support. This property presents an opportunity for owner-users, investors, or growing businesses.
Key Highlights
- Prime location just four blocks from Marion Square offering exceptional visibility and accessibility.
- Large 1.05‑acre site spanning seven parcels, suitable for redevelopment or expansion.
- Versatile property ideal for industrial, warehouse, contractor, storage, or fabrication uses.
Local Financial Insights For Warehouse
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 | $37.9k | $7.90 |
| − Vacancy | −$3.3k | −$0.68 |
| EGI | $34.7k | $7.22 |
| − OpEx | −$5.2k | −$1.08 |
| NOI | $29.5k | $6.14 |
4,800 SF · lease $7.90/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 5.61%
Second Best
Flex RnD
$393.8K
$344.6K – $459.4K
NOI $27,566 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.01M
$885.4K – $1.18M
NOI $70,834 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouse Antique Mall ...
Home Decor Store
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Similar Off Market Nearby
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- Marion RV Storage — 302 N Russell St, Marion, IL 62959
- Space Rentals — 1001 S Court St, Marion, IL 62959
- Andres Rent A Space — 1200 S Holland St, Marion, IL 62959
FAQs
What type of property is this?
Warehouse - Commercial property suitable for industrial, warehouse, or redevelopment.
Where is this warehouse located?
The property is located at 600 N VAN BUREN Street Marion, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime location just four blocks from Marion Square offering exceptional visibility and accessibility.; Large 1.05‑acre site spanning seven parcels, suitable for redevelopment or expansion.; Versatile property ideal for industrial, warehouse, contractor, storage, or fabrication uses.
