Turn-Key Flex
601 E Deyoung Street Marion, IL 62959
601 E Deyoung Street, Marion, IL, 62959
$465,000
For Sale
$465,000
Updated flex/warehouse space with epoxy flooring plus a restroom and full bathroom.
Property Size4,000 SF
Price / SF$116.25
Days on Market30
Property Features for 601 E Deyoung Street
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial
Listing agency
House 2 Home Realty
(618) 964-5452
Listed by
Sarah Francis
(618) 964-5452
Source
Craggsrealtors
Added: Jun 22 Updated: Jul 21 at 5:59AM Checked: Jul 21 at 5:59AM
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.
Turn-key commercial flex/warehouse property with more than 4,000 square feet of updated interior space. Recent improvements include fresh paint, durable epoxy flooring, attractive wainscoting, an added conference room, and the addition of both a restroom and a full bathroom. The layout is functional and presented as ready for immediate occupancy.
The property is located at 601 E Deyoung Street in Marion, Illinois, on highly visible Route 13. The offering also includes two additional lots to the east and one additional lot to the west, providing supplemental land that may support expansion, parking, or storage depending on the user’s needs.
The property is located at 601 E Deyoung Street in Marion, Illinois, on highly visible Route 13. The offering also includes two additional lots to the east and one additional lot to the west, providing supplemental land that may support expansion, parking, or storage depending on the user’s needs.
Key Highlights
- Updated commercial property on Route 13 in Marion, IL with over 4,000 SF of space
- Recent improvements include fresh paint and durable epoxy flooring
- Layout includes an additional conference room, plus a restroom and a full bathroom
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 | $31.6k | $7.90 |
| − Vacancy | −$2.7k | −$0.68 |
| EGI | $28.9k | $7.22 |
| − OpEx | −$4.3k | −$1.08 |
| NOI | $24.6k | $6.14 |
4,000 SF · lease $7.90/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$350.7K
$306.9K – $409.2K
NOI $24,550 @ 7.0% cap · market cap 5.28%
Second Best
Flex RnD
$328.2K
$287.2K – $382.9K
NOI $22,972 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$843.3K
$737.9K – $983.8K
NOI $59,028 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fusion Boot Camp ...
Gym & Fitness Center
Similar For Sale Nearby
Similar Off Market Nearby
- A Taste Of Bev LLC — 1111 N Van Buren St, Marion, IL 62959
FAQs
What type of property is this?
Flex space - Updated flex/warehouse space with epoxy flooring plus a restroom and full bathroom.
Where is this flex space located?
The property is located at 601 E Deyoung Street Marion, IL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Updated commercial property on Route 13 in Marion, IL with over 4,000 SF of space; Recent improvements include fresh paint and durable epoxy flooring; Layout includes an additional conference room, plus a restroom and a full bathroom
